The nation’s 100 largest public pensions saw substantialincreases in their investments compared to the second quarter of2013, gaining 14.3 percent.

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According to the U.S. Census Bureau’s quarterly survey of publicpensions, the holdings and investments in the 100 largestpublic-employee pension systems in the U.S. are at their highestlevel since the survey began in 1968.

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Cash and security holdings amounted to $3.365 trillion vs.$3.218 trillion in the first quarter of 2014. In the second quarterof 2013, the total was $2.945 trillion.

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Investment earnings were $129.4 billion for the quarter.

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Corporate stocks increased 7.4 percent from Q1’s $1.094.9trillion to Q2’s $1.176 trillion. They experienced a year-over-yearincrease of 15.5 percent from Q2 of 2013. At 34.9 percent,corporate stocks make up approximately a third of the pensionsystems’ total cash and security holdings for the presentquarter.

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Corporate bonds, at 11 percent, make up less of the whole, butstill contributed a respectable increase to total holdings. Theyrose 7.1 percent from $346.9 billion in Q1 to $371.5 billion in Q2,and year-over-year gained 16.1 percent from Q2 2013’s $319.9billion.

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International securities, on the other hand, were down quarterto quarter, although they were up from 2013. From Q1 to Q2 of 2014,they fell 2.8 percent from $675.2 billion to $656.5 billion. Theyear-over-year increase was 11.3 percent from Q2 2013’s $590billion. International securities make up 19.5 percent of totalcash and security holdings for these systems.

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Federal government securities, which make up 9.1 percent of theholdings, rose 12.4 percent from Q1 to Q2, from $273.9 billion to$307.8 billion, and gained 16.0 percent year over year from $265.4billion.

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Government contributions fell 6.8 percent from Q1’s $25.7billion to $24.0 billion in Q2. Year-over-year they were up 4.8percent, from $22.9 billion in the second quarter of 2013. Employeecontributions rose 3.4 percent, from $10.9 billion to $11.3billion, but a year-over-year decrease of 1.4 percent, from $11.4billion in Q2 2013.

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Government contributions ran 2.1 to 1 over employeecontributions for the quarter, with government contributions makingup 68 percent and employee contributions making up 32 percent ofthe whole. Altogether, payments totaled $64.1 billion; that was up1.8 percent from $62.9 billion in Q1, and up 4.3 percent from $61.4billion in Q2 of 2013.

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