Financial Accounts of the United States - Z.1

L.120.b State and Local Government Employee Retirement Funds Defined Benefit Plans
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 defined benefit retirement funds; total financial assets (1) FL224090045 7609.9 7925.1 8236.4 8541.4 8312.4 8386.7 8460.2 8541.4 8614.9 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 defined benefit retirement funds; money market fund shares; asset FL223034043 48.8 61.6 52.7 46.0 51.7 48.7 48.4 46.0 44.3 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 defined benefit retirement funds; mutual fund shares; asset LM223064243 192.4 223.6 251.8 257.6 258.4 268.3 264.9 257.6 293.5 14
State and local government employee defined benefit retirement funds; miscellaneous assets FL223090045 4185.0 4365.6 4238.5 4721.0 4347.4 4408.1 4399.3 4721.0 4390.8 15
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) FL223073045 4071.7 4216.6 4053.9 4532.2 4158.0 4211.5 4205.2 4532.2 4205.9 16
State and local government employee defined benefit retirement funds; unidentified miscellaneous assets FL223093043 113.3 149.0 184.6 188.8 189.4 196.7 194.2 188.8 184.9 17
State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) (3) FL224190043 7750.7 8035.9 8332.9 8633.6 8408.1 8483.2 8558.4 8633.6 8708.8 18


NOTES

  1. Includes claims on sponsor (i.e., unfunded pension entitlements).
  2. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  3. Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.
Last Update: June 6, 2019