California's state-managed public employee retirement systems appear to have outpaced those of other states in 2011 investment earnings, according to a new Census Bureau report.
The annual statistical report reveals that California pension funds' $433.3 billion in assets were 17 percent of all state-managed retirement systems' assets, but that California's investment earnings of $82.4 billion were 20 percent of all earnings.
The three largest California funds are the California Public Employees Retirement System, the California Teachers Retirement System and the University of California's pension system.
The California funds received $19.1 billion in contributions - $13 billion from government employers and $6.1 billion from employees - last year, according to the report. They served 1.9 million active and inactive members, and paid out $27.9 billion in benefits and other payments to 847,135 retirees.