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 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets (1) | FL224090005 | 8363.6 | 8734.3 | 8460.4 | 8555.2 | 8639.2 | 8734.3 | 8804.0 | 8884.7 | 8976.8 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 40.6 | 27.5 | 34.9 | 30.4 | 29.4 | 27.5 | 25.8 | 25.4 | 24.1 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.9 | 2.5 | 2.8 | 2.8 | 2.7 | 2.5 | 2.4 | 2.3 | 2.2 | 3 |
| State and local government employee retirement funds; money market fund shares; asset | FL223034005 | 65.6 | 56.3 | 63.1 | 62.0 | 60.1 | 56.3 | 53.1 | 52.4 | 50.0 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 4.9 | 4.2 | 4.7 | 4.6 | 4.5 | 4.2 | 3.9 | 3.8 | 3.7 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 890.9 | 978.1 | 904.3 | 922.5 | 946.0 | 978.1 | 1006.0 | 989.0 | 1011.3 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 56.1 | 48.0 | 54.0 | 53.2 | 51.4 | 48.0 | 45.1 | 44.4 | 42.2 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 217.8 | 277.3 | 238.1 | 262.8 | 261.2 | 277.3 | 280.9 | 277.3 | 279.5 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 99.9 | 102.6 | 97.3 | 97.3 | 96.7 | 102.6 | 104.0 | 102.7 | 104.2 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.6 | 3.8 | 2.7 | 2.7 | 2.3 | 3.8 | 2.8 | 2.6 | 2.6 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 514.5 | 546.4 | 512.3 | 506.5 | 534.3 | 546.4 | 573.2 | 562.0 | 582.8 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 14.5 | 3.7 | 10.4 | 8.3 | 2.6 | 3.7 | 2.7 | 3.0 | 1.7 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2320.6 | 2677.4 | 2412.5 | 2491.3 | 2581.0 | 2677.4 | 2628.6 | 2638.1 | 2753.2 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | LM223064205 | 441.8 | 505.1 | 469.0 | 482.4 | 492.0 | 505.1 | 506.8 | 517.2 | 533.2 | 14 |
| State and local government employee retirement funds; miscellaneous assets | FL223090005 | 4581.8 | 4479.5 | 4558.8 | 4550.9 | 4521.0 | 4479.5 | 4574.8 | 4653.6 | 4597.4 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 138.9 | 155.0 | 139.7 | 142.3 | 147.1 | 155.0 | 153.2 | 155.1 | 159.6 | 16 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FL223073045 | 4216.6 | 4053.9 | 4176.4 | 4152.1 | 4110.0 | 4053.9 | 4148.2 | 4218.2 | 4151.0 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FL223093005 | 226.4 | 270.6 | 242.6 | 256.6 | 263.9 | 270.6 | 273.4 | 280.3 | 286.8 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) (4) | FL224190005 | 8474.3 | 8830.7 | 8561.7 | 8646.2 | 8732.6 | 8830.7 | 8899.9 | 8981.1 | 9070.5 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FL224190043 | 8035.9 | 8332.9 | 8109.0 | 8182.9 | 8257.7 | 8332.9 | 8408.1 | 8483.2 | 8558.4 | 20 |
| State and local government employee defined benefit retirement funds; total funded assets (5) | FL222000075 | 3819.3 | 4278.9 | 3932.6 | 4030.8 | 4147.7 | 4278.9 | 4259.8 | 4265.0 | 4407.4 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | FL223073045 | 4216.6 | 4053.9 | 4176.4 | 4152.1 | 4110.0 | 4053.9 | 4148.2 | 4218.2 | 4151.0 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets (6) | FL224090045 | 7925.1 | 8236.4 | 8007.7 | 8091.9 | 8164.3 | 8236.4 | 8312.1 | 8386.9 | 8464.7 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets (7) | FL224090055 | 438.5 | 497.8 | 452.7 | 463.3 | 474.9 | 497.8 | 491.9 | 497.8 | 512.1 | 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 projected 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: December 6, 2018