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 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets (1) | FL224090005 | 8369.7 | 8728.1 | 9008.2 | 8800.9 | 8884.4 | 8967.6 | 9008.2 | 9107.6 | 9192.0 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 40.6 | 30.2 | 28.9 | 30.6 | 30.3 | 30.3 | 28.9 | 30.8 | 30.8 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.9 | 2.5 | 2.2 | 2.4 | 2.3 | 2.3 | 2.2 | 2.3 | 2.3 | 3 |
| State and local government employee retirement funds; money market fund shares; asset | FL223034005 | 65.7 | 62.8 | 61.7 | 64.3 | 64.3 | 64.2 | 61.7 | 65.4 | 65.7 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 4.9 | 4.7 | 4.6 | 4.8 | 4.8 | 4.8 | 4.6 | 4.9 | 4.9 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 892.9 | 955.0 | 988.7 | 976.1 | 947.3 | 952.6 | 988.7 | 1057.4 | 1102.1 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 56.2 | 54.0 | 52.8 | 55.3 | 55.3 | 55.2 | 52.8 | 56.2 | 56.4 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 218.8 | 289.4 | 372.8 | 300.1 | 307.3 | 304.7 | 372.8 | 405.1 | 439.6 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 100.4 | 109.5 | 143.7 | 114.6 | 118.5 | 117.4 | 143.7 | 156.1 | 168.5 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.6 | 3.4 | 4.1 | 3.7 | 4.1 | 3.4 | 4.1 | 3.2 | 3.1 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 514.9 | 498.8 | 415.3 | 502.4 | 462.1 | 471.8 | 415.3 | 436.8 | 434.5 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 14.5 | 6.9 | 12.5 | 7.4 | 9.4 | 12.7 | 12.5 | 11.5 | 12.5 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2321.5 | 2706.8 | 2531.8 | 2668.5 | 2707.8 | 2795.4 | 2531.8 | 2702.8 | 2774.9 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | LM223064205 | 440.4 | 515.9 | 497.6 | 526.3 | 542.9 | 546.0 | 497.6 | 518.5 | 528.7 | 14 |
| State and local government employee retirement funds; miscellaneous assets | FL223090005 | 4586.2 | 4443.2 | 4880.3 | 4520.5 | 4575.3 | 4559.4 | 4880.3 | 4714.0 | 4670.0 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 138.9 | 148.3 | 151.0 | 146.7 | 149.1 | 149.5 | 151.0 | 154.3 | 158.5 | 16 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FL223073045 | 4221.7 | 4017.4 | 4446.2 | 4088.4 | 4129.1 | 4111.8 | 4446.2 | 4271.7 | 4221.6 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FL223093005 | 225.6 | 277.5 | 283.1 | 285.4 | 297.0 | 298.0 | 283.1 | 288.0 | 289.9 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) (4) | FL224190005 | 8480.4 | 8813.0 | 9078.5 | 8879.7 | 8958.3 | 9042.8 | 9078.5 | 9182.2 | 9267.7 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FL224190043 | 8041.9 | 8323.2 | 8614.2 | 8395.4 | 8468.0 | 8541.2 | 8614.2 | 8687.3 | 8760.3 | 20 |
| State and local government employee defined benefit retirement funds; total funded assets (5) | FL222000075 | 3820.2 | 4305.8 | 4168.0 | 4307.0 | 4338.9 | 4429.3 | 4168.0 | 4415.6 | 4538.7 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | FL223073045 | 4221.7 | 4017.4 | 4446.2 | 4088.4 | 4129.1 | 4111.8 | 4446.2 | 4271.7 | 4221.6 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets (6) | FL224090045 | 7931.2 | 8238.3 | 8544.0 | 8316.6 | 8394.1 | 8466.0 | 8544.0 | 8612.7 | 8684.6 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets (7) | FL224090055 | 438.5 | 489.8 | 464.3 | 484.3 | 490.2 | 501.7 | 464.3 | 494.9 | 507.4 | 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: September 20, 2019