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 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets (1) | FL224090005 | 8085.7 | 8363.6 | 8728.0 | 9014.8 | 8798.0 | 8878.3 | 8968.4 | 9014.8 | 9125.4 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 38.7 | 40.6 | 27.5 | 24.0 | 27.0 | 25.4 | 25.2 | 24.0 | 23.1 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.4 | 2.9 | 2.5 | 2.2 | 2.5 | 2.3 | 2.3 | 2.2 | 2.1 | 3 |
| State and local government employee retirement funds; money market fund shares; asset | FL223034005 | 55.2 | 65.6 | 56.3 | 49.8 | 55.4 | 52.4 | 52.0 | 49.8 | 48.1 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 3.8 | 4.9 | 4.2 | 3.6 | 4.1 | 3.8 | 3.8 | 3.6 | 3.5 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 880.7 | 890.9 | 978.1 | 1024.9 | 1004.8 | 989.4 | 999.7 | 1024.9 | 1104.6 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 44.5 | 56.1 | 48.0 | 41.9 | 47.1 | 44.4 | 44.1 | 41.9 | 40.4 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 174.5 | 217.8 | 277.3 | 348.8 | 278.4 | 281.4 | 278.6 | 348.8 | 395.3 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 101.3 | 99.9 | 102.6 | 129.1 | 103.0 | 104.2 | 103.1 | 129.1 | 137.6 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.5 | 2.6 | 3.8 | 3.0 | 2.8 | 2.6 | 2.6 | 3.0 | 2.9 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 558.0 | 514.5 | 546.4 | 502.0 | 573.5 | 556.8 | 571.3 | 502.0 | 528.3 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 8.0 | 14.5 | 3.7 | 2.7 | 2.7 | 3.0 | 3.2 | 2.7 | 2.5 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2250.0 | 2320.6 | 2677.4 | 2459.3 | 2613.9 | 2637.5 | 2713.3 | 2459.3 | 2750.5 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | LM223064205 | 465.6 | 441.8 | 505.1 | 481.5 | 508.3 | 520.0 | 523.5 | 481.5 | 539.6 | 14 |
| State and local government employee retirement funds; miscellaneous assets | FL223090005 | 4381.3 | 4581.8 | 4473.2 | 4966.8 | 4579.5 | 4644.4 | 4645.3 | 4966.8 | 4651.5 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 145.2 | 138.9 | 148.7 | 159.8 | 147.0 | 149.4 | 155.3 | 159.8 | 165.9 | 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 | 4532.2 | 4158.0 | 4211.5 | 4205.2 | 4532.2 | 4205.9 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FL223093005 | 164.4 | 226.4 | 270.6 | 274.8 | 274.5 | 283.5 | 284.9 | 274.8 | 279.8 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) (4) | FL224190005 | 8226.6 | 8474.3 | 8824.4 | 9107.0 | 8893.7 | 8974.9 | 9066.6 | 9107.0 | 9219.4 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FL224190043 | 7750.7 | 8035.9 | 8332.9 | 8633.6 | 8408.1 | 8483.2 | 8558.4 | 8633.6 | 8708.8 | 20 |
| State and local government employee defined benefit retirement funds; total funded assets (5) | FL222000075 | 3679.0 | 3819.3 | 4278.9 | 4101.4 | 4250.0 | 4271.8 | 4353.3 | 4101.4 | 4503.0 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | FL223073045 | 4071.7 | 4216.6 | 4053.9 | 4532.2 | 4158.0 | 4211.5 | 4205.2 | 4532.2 | 4205.9 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets (6) | FL224090045 | 7609.9 | 7925.1 | 8236.4 | 8541.4 | 8312.4 | 8386.7 | 8460.2 | 8541.4 | 8614.9 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets (7) | FL224090055 | 475.9 | 438.5 | 491.5 | 473.4 | 485.7 | 491.6 | 508.2 | 473.4 | 510.5 | 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: June 6, 2019