Second quarter levels are benchmarked annually to U.S. Census Bureau, Annual Survey of Public Pensions (ASPP), State & Local Data, Table 1: National Summary of Public-Employee Retirement Systems: as a portion of foreign and international securities. Quarterly levels between ASPP Q2 benchmarks are computed by increasing the previous level using the quarterly growth rate of U.S. Census Bureau, Quarterly Survey of Public Pensions (QSPP) foreign and international securities (Z70). Census foreign and international securities is split between foreign corporate equity ( FL223064163 ) and foreign corporate bonds, where the portions are estimated from a sample of Comprehensive Annual Financial Reports of the largest state and local governmental units taken in 2004:Q2 and 2011:Q2. Any residual difference between Q2 benchmark level and quarter level method is spread evenly over the previous quarters. Capital gains are computed using the change in the Merrill Lynch Corporate Master par weighted price. The unadjusted flow is the change in the level, less capital gains, less any other changes in volume; data for the most recent ten years show no significant seasonality.
Last edited on: 09/19/2017