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 | 2015 | 2016 | 2017 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets (1) | FL224090005 | 5823.7 | 6078.8 | 6355.3 | 6015.6 | 6078.8 | 6149.4 | 6216.6 | 6284.4 | 6355.3 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 39.1 | 50.2 | 50.3 | 43.8 | 50.2 | 48.8 | 47.3 | 49 | 50.3 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.4 | 2.9 | 2.9 | 2.6 | 2.9 | 2.8 | 2.8 | 2.9 | 2.9 | 3 |
| State and local government employee retirement funds; money market fund shares; asset | FL223034005 | 55.8 | 69.3 | 68.9 | 61.2 | 69.3 | 67.2 | 65.1 | 67.3 | 68.9 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 3.9 | 5.1 | 5.1 | 4.4 | 5.1 | 4.9 | 4.8 | 4.9 | 5.1 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 876.3 | 919.2 | 1008.4 | 926.6 | 919.2 | 941.5 | 969.1 | 989 | 1008.4 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 45 | 58.5 | 58.6 | 51 | 58.5 | 56.8 | 55 | 57.1 | 58.6 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 174.2 | 191.1 | 217.4 | 189.9 | 191.1 | 198.7 | 208.4 | 211.2 | 217.4 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 100.2 | 114.4 | 129.4 | 113.7 | 114.4 | 119 | 124.8 | 126.5 | 129.4 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.5 | 2 | 2.2 | 2 | 2 | 2.2 | 2.5 | 2.1 | 2.2 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 554.4 | 553.2 | 600.7 | 570 | 553.2 | 564.8 | 578.3 | 592.1 | 600.7 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 8.4 | 8.3 | 9.2 | 8.8 | 8.3 | 7.7 | 9.1 | 9.1 | 9.2 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2241 | 2316.3 | 2668.1 | 2309.5 | 2316.3 | 2405.2 | 2479.6 | 2561.3 | 2668.1 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | LM223064205 | 476.9 | 479.1 | 527.2 | 500.8 | 479.1 | 501.3 | 506.6 | 515.4 | 527.2 | 14 |
| State and local government employee retirement funds; miscellaneous assets | FL223090005 | 2120 | 2228.3 | 2015.3 | 2158.1 | 2228.3 | 2169.9 | 2132.4 | 2085.6 | 2015.3 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 144.5 | 152.2 | 167 | 148.9 | 152.2 | 153.6 | 156.4 | 161.7 | 167 | 16 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FL223073045 | 1806.4 | 1870.1 | 1630.1 | 1826.6 | 1870.1 | 1806.9 | 1766.9 | 1709.7 | 1630.1 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FL223093005 | 169.1 | 206.1 | 218.3 | 182.6 | 206.1 | 209.5 | 209.1 | 214.2 | 218.3 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) (4) | FL224190005 | 5964.7 | 6217.4 | 6510.9 | 6153.8 | 6217.4 | 6292.5 | 6363.1 | 6435.1 | 6510.9 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FL224190043 | 5488.8 | 5721.5 | 5955.9 | 5662.9 | 5721.5 | 5780.1 | 5838.7 | 5897.3 | 5955.9 | 20 |
| State and local government employee defined benefit retirement funds; total funded assets (5) | FL222000075 | 3682.4 | 3851.4 | 4325.9 | 3836.2 | 3851.4 | 3973.2 | 4071.8 | 4187.6 | 4325.9 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | FL223073045 | 1806.4 | 1870.1 | 1630.1 | 1826.6 | 1870.1 | 1806.9 | 1766.9 | 1709.7 | 1630.1 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets (6) | FL224090045 | 5347.9 | 5582.9 | 5800.4 | 5524.7 | 5582.9 | 5637 | 5692.2 | 5746.7 | 5800.4 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets (7) | FL224090055 | 475.9 | 495.9 | 555 | 490.9 | 495.9 | 512.4 | 524.4 | 537.8 | 555 | 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: March 8, 2018