For the 100 largest public employee-retirement systems in the country, total holdings and investments totaled $2.7 trillion in the second quarter of 2012, a decrease of 1.7 percent from $2.8 trillion last quarter, according to new data by the U.S. Census Bureau.
Year over year, there was a decrease of 2.1 percent from $2.8 trillion in the second quarter of 2011.
Losses on investments totaled $14.2 billion. Federal government securities reached the highest level in over 10 years at $244.2 billion, second only to when they peaked in the first quarter of 2001 at $246.2 billion.
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