Financial Accounts of the United States - Z.1
F.120 State and Local Government Employee Retirement Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2016 | 2017 | 2018 | 2017 Q3 | 2017 Q4 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA226330005 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 1 |
| State and local government employee retirement funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA225013005 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 2 |
| State and local government employee retirement funds; total financial assets (1) | FA224090005 | 179.9 | 255.9 | 236.5 | 244.7 | 292.0 | 218.6 | 247.1 | 253.4 | 226.9 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 1.8 | -13.1 | -4.3 | -3.9 | -7.8 | -2.1 | -6.2 | -3.8 | -5.0 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | 0.5 | -0.4 | -0.4 | -0.4 | -0.7 | -0.2 | -0.6 | -0.3 | -0.5 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | 10.5 | -9.3 | -8.0 | -7.6 | -15.1 | -3.9 | -11.9 | -7.4 | -9.0 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 1.0 | -0.7 | -0.6 | -0.6 | -1.2 | -0.3 | -0.9 | -0.6 | -0.8 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 3.3 | 77.6 | 74.3 | 91.7 | 135.6 | 203.4 | -8.9 | 16.1 | 86.5 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | 11.7 | -8.1 | -7.5 | -6.9 | -13.6 | -3.7 | -10.8 | -6.7 | -8.7 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 47.1 | 59.6 | 9.9 | -4.6 | 69.5 | 24.7 | 17.1 | -23.9 | 21.8 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | -0.8 | 2.4 | 1.5 | -2.6 | 25.8 | 5.9 | 6.6 | -12.9 | 6.4 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.2 | 1.1 | -1.0 | -1.5 | 5.7 | -3.4 | -0.9 | 0.1 | 0.4 | 12 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | -55.0 | 22.6 | 71.3 | 107.3 | 48.2 | 179.9 | -21.0 | 59.6 | 66.7 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | 6.5 | -10.8 | -0.5 | -22.8 | 4.7 | -4.2 | 1.4 | 0.2 | 0.5 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -94.5 | -89.6 | -137.9 | -75.5 | -154.6 | -88.8 | -158.0 | -163.4 | -141.2 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | -50.4 | -4.3 | -6.7 | -29.5 | -13.7 | 25.4 | 26.8 | -59.6 | -19.3 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 301.3 | 306.5 | 320.6 | 293.3 | 344.7 | 89.3 | 405.4 | 472.2 | 315.5 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | -6.1 | 15.3 | 6.2 | 18.4 | 30.6 | -7.1 | 7.3 | 16.6 | 8.0 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 245.0 | 247.0 | 300.1 | 245.5 | 287.4 | 80.6 | 363.9 | 458.4 | 297.6 | 19 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FA223093005 | 62.3 | 44.2 | 14.3 | 29.4 | 26.7 | 15.8 | 34.3 | -2.7 | 9.9 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 179.9 | 255.9 | 236.5 | 244.7 | 291.9 | 218.5 | 247.1 | 253.4 | 226.9 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 232.6 | 232.7 | 236.5 | 234.8 | 236.5 | 236.5 | 236.5 | 236.5 | 236.5 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | -52.7 | 23.2 | 0.0 | 9.9 | 55.5 | -17.9 | 10.7 | 16.9 | -9.6 | 23 |
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.
- Additional detail on defined benefit plans is available on table F.120.b.
- Additional detail on defined contribution plans is available on table F.120.c.
Last Update: March 7, 2019