Total holdings and investments of major public pension systems reached their highest level since their peak in 2007, according to the U.S. Census Bureau's Quarterly Survey of Public Pensions for the fourth quarter of 2012.

For the 100 largest public-employee retirement systems in the country, cash and security holdings totaled $2.8 trillion in the fourth quarter, compared to $2.9 trillion in the fourth quarter of 2007. Cash and security holdings had a quarter-to-quarter increase of 1.7 percent from $2.789 trillion last quarter and a year-to-year increase of 8.6 percent from $2.6 trillion in the fourth quarter of 2011.

Earnings on investments totaled $67.3 billion in the fourth quarter of 2012.

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