Financial Accounts of the United States - Z.1
L.120 State and Local Government Employee Retirement Funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2014 | 2015 | 2016 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets (1) | FL224090005 | 5562.6 | 5823.7 | 6081.6 | 5888.3 | 5952.9 | 6018.9 | 6081.6 | 6152.3 | 6220.1 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 35.6 | 39.1 | 50.5 | 37.8 | 40.4 | 43.7 | 50.5 | 50.5 | 53.6 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 3.1 | 2.4 | 3.0 | 2.3 | 2.4 | 2.6 | 3.0 | 2.9 | 3.1 | 3 |
| State and local government employee retirement funds; money market mutual fund shares; asset | FL223034005 | 55.1 | 55.8 | 69.8 | 53.5 | 57.0 | 61.1 | 69.8 | 69.4 | 73.3 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 3.8 | 3.9 | 5.1 | 3.8 | 4.1 | 4.4 | 5.1 | 5.1 | 5.4 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 910.9 | 876.3 | 920.1 | 894.2 | 910.4 | 926.5 | 920.1 | 954.1 | 982.6 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 44.5 | 45.0 | 58.9 | 43.8 | 47.1 | 50.9 | 58.9 | 58.8 | 62.5 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 200.5 | 174.2 | 191.0 | 169.2 | 183.3 | 189.9 | 191.0 | 202.7 | 214.2 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 112.9 | 100.2 | 114.4 | 99.7 | 109.8 | 113.7 | 114.4 | 121.4 | 128.3 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.4 | 2.5 | 1.8 | 2.5 | 2.6 | 2.1 | 1.8 | 1.8 | 1.7 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 550.6 | 554.4 | 553.9 | 579.0 | 567.6 | 569.9 | 553.9 | 569.3 | 575.9 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 8.3 | 8.4 | 8.3 | 9.0 | 9.4 | 8.8 | 8.3 | 7.7 | 7.4 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2285.9 | 2241.0 | 2314.9 | 2244.4 | 2247.3 | 2309.7 | 2314.9 | 2398.9 | 2435.7 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | LM223064205 | 448.2 | 476.9 | 479.3 | 473.5 | 487.0 | 500.4 | 479.3 | 493.3 | 505.1 | 14 |
| State and local government employee retirement funds; miscellaneous assets | FL223090005 | 1811.7 | 2120.0 | 2230.6 | 2170.0 | 2195.0 | 2161.8 | 2230.6 | 2170.5 | 2154.0 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 144.9 | 144.5 | 155.1 | 148.4 | 150.5 | 152.6 | 155.1 | 159.0 | 163.2 | 16 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FL223073045 | 1499.5 | 1806.4 | 1869.8 | 1850.9 | 1865.2 | 1826.7 | 1869.8 | 1803.3 | 1777.0 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FL223093005 | 167.3 | 169.1 | 205.7 | 170.6 | 179.4 | 182.6 | 205.7 | 208.2 | 213.8 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) (4) | FL224190005 | 5718.3 | 5964.7 | 6220.2 | 6025.3 | 6087.7 | 6157.1 | 6220.2 | 6295.4 | 6366.9 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FL224190043 | 5236.7 | 5488.8 | 5721.5 | 5546.5 | 5604.4 | 5662.9 | 5721.5 | 5780.1 | 5838.7 | 20 |
| State and local government employee defined benefit retirement funds; total funded assets (5) | FL222000075 | 3737.2 | 3682.4 | 3851.7 | 3695.6 | 3739.2 | 3836.2 | 3851.7 | 3976.8 | 4061.8 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | FL223073045 | 1499.5 | 1806.4 | 1869.8 | 1850.9 | 1865.2 | 1826.7 | 1869.8 | 1803.3 | 1777.0 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets (6) | FL224090045 | 5081.1 | 5347.9 | 5582.9 | 5409.5 | 5469.6 | 5524.7 | 5582.9 | 5637.0 | 5691.9 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets (7) | FL224090055 | 481.6 | 475.9 | 498.7 | 478.8 | 483.3 | 494.3 | 498.7 | 515.3 | 528.2 | 24 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Assets of defined contribution funds held at life insurance companies.
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued pension entitlements. These liabilities are assets of the household sector.
- Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
- Additional detail on defined benefit plans is available on table L.120.b.
- Additional detail on defined contribution plans is available on table L.120.c.
Last Update: September 21, 2017