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 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets (1) | FL224090005 | 8085.7 | 8363.6 | 8734.3 | 8460.4 | 8555.2 | 8639.2 | 8734.3 | 8804.2 | 8888.2 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 38.7 | 40.6 | 27.5 | 34.9 | 30.4 | 29.4 | 27.5 | 25.5 | 23.2 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.4 | 2.9 | 2.5 | 2.8 | 2.8 | 2.7 | 2.5 | 2.3 | 2.2 | 3 |
| State and local government employee retirement funds; money market fund shares; asset | FL223034005 | 55.2 | 65.6 | 56.3 | 63.1 | 62 | 60.1 | 56.3 | 52.6 | 50.1 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 3.8 | 4.9 | 4.2 | 4.7 | 4.6 | 4.5 | 4.2 | 3.9 | 3.7 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 880.7 | 890.9 | 978.1 | 904.3 | 922.5 | 946 | 978.1 | 1001.5 | 1036.8 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 44.5 | 56.1 | 48 | 54 | 53.2 | 51.4 | 48 | 44.6 | 42.3 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 174.5 | 217.8 | 277.3 | 238.1 | 262.8 | 261.2 | 277.3 | 278.7 | 288.9 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 101.3 | 99.9 | 102.6 | 97.3 | 97.3 | 96.7 | 102.6 | 103.2 | 104.3 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.5 | 2.6 | 3.8 | 2.7 | 2.7 | 2.3 | 3.8 | 2.8 | 2.9 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 558 | 514.5 | 546.4 | 512.3 | 506.5 | 534.3 | 546.4 | 572.1 | 598.3 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 8 | 14.5 | 3.7 | 10.4 | 8.3 | 2.6 | 3.7 | 2.7 | 0.7 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2250 | 2320.6 | 2677.4 | 2412.5 | 2491.3 | 2581 | 2677.4 | 2627.8 | 2675.7 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | LM223064205 | 466.6 | 441.8 | 506.1 | 469 | 482.4 | 492 | 506.1 | 506 | 510.4 | 14 |
| State and local government employee retirement funds; miscellaneous assets | FL223090005 | 4380.3 | 4581.8 | 4478.5 | 4558.8 | 4550.9 | 4521 | 4478.5 | 4581.9 | 4585.5 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 144.5 | 138.9 | 154.4 | 139.7 | 142.3 | 147.1 | 154.4 | 152.6 | 154.8 | 16 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FL223073045 | 4071.7 | 4216.6 | 4053.9 | 4176.4 | 4152.1 | 4110 | 4053.9 | 4157.7 | 4152.1 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FL223093005 | 164.1 | 226.4 | 270.1 | 242.6 | 256.6 | 263.9 | 270.1 | 271.6 | 278.5 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) (4) | FL224190005 | 8226.6 | 8474.3 | 8830.7 | 8561.7 | 8646.2 | 8732.6 | 8830.7 | 8899.9 | 8981.3 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FL224190043 | 7750.7 | 8035.9 | 8332.9 | 8109 | 8182.9 | 8257.7 | 8332.9 | 8408.1 | 8483.2 | 20 |
| State and local government employee defined benefit retirement funds; total funded assets (5) | FL222000075 | 3679 | 3819.3 | 4278.9 | 3932.6 | 4030.8 | 4147.7 | 4278.9 | 4250.4 | 4331.1 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | FL223073045 | 4071.7 | 4216.6 | 4053.9 | 4176.4 | 4152.1 | 4110 | 4053.9 | 4157.7 | 4152.1 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets (6) | FL224090045 | 7609.9 | 7925.1 | 8236.4 | 8007.7 | 8091.9 | 8164.3 | 8236.4 | 8312.3 | 8390.2 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets (7) | FL224090055 | 475.9 | 438.5 | 497.8 | 452.7 | 463.3 | 474.9 | 497.8 | 491.9 | 498 | 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 20, 2018