U.S. public pension systems saw their investment earnings increase 40.6% in 2014, to $537.5 billion up from $382.2 billion in 2013, according to the Annual Survey of Public Pensions released Tuesday by the Census Bureau.
Government contributions to state and locally administered pension systems increased 11.1% in 2014, to $121.1 billion. Total contributions were up 8.4% to $166.6 billion.
Total assets increased 12.8% to $3.7 trillion from $3.3 trillion. Of that, $1.35 trillion was in corporate stocks, followed by $744 billion in foreign and international securities, $569 billion in other non-governmental securities, $436 billion in corporate bonds, $314 billion in government securities, $160 billion in real property and $127 billion in cash and short-term investments.