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State retirement assets fell 24 percent in 2009

According to new data from the U.S. Census Bureau, the nation's state retirement systems lost $641.3 billion (24 percent) from 2008 to 2009.

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According to new data from the U.S. Census Bureau, the nation’s state retirement systems lost significant assets — $641.3 billion (24 percent) from 2008 to 2009.

In 2009, state retirement systems had $2 trillion in holdings and assets, down from $2.7 trillion in 2008. This follows a $152.2 billion loss the previous year.

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