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 | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 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 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 1 |
| State and local government employee retirement funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA225013005 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 2 |
| State and local government employee retirement funds; total financial assets (1) | FA224090005 | 241.9 | 241.1 | 251.7 | 267.7 | 228.7 | 249.7 | 239.6 | 237.1 | 280.5 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -10.4 | -1.3 | 3.3 | -0.3 | -5.2 | 8.4 | -8.1 | 11.4 | 1.6 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -0.4 | -0.3 | 0.3 | -0.0 | -0.4 | 0.6 | -0.6 | 0.9 | 0.1 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | -3.0 | -1.2 | 6.7 | -0.5 | -10.2 | 16.7 | -16.1 | 23.0 | 3.2 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | -0.2 | -0.1 | 0.5 | -0.0 | -0.8 | 1.3 | -1.3 | 1.8 | 0.3 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 52.5 | 70.0 | 75.5 | 38.8 | 133.1 | 70.3 | 78.1 | 66.5 | 87.0 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -2.2 | -1.2 | 6.1 | -0.5 | -9.6 | 15.3 | -14.7 | 20.9 | 3.0 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 70.9 | 57.7 | 30.2 | 4.9 | 127.6 | 47.3 | 33.5 | -9.5 | 49.7 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 8.7 | 14.6 | 8.8 | -2.7 | 18.3 | 19.6 | 3.6 | 1.4 | 10.7 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.7 | 0.8 | -1.1 | -2.4 | 2.6 | -3.8 | -0.2 | -0.1 | -0.4 | 12 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | -25.4 | -2.0 | 31.4 | 39.4 | -5.8 | -8.1 | 55.9 | 54.0 | 24.0 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -7.6 | 5.6 | -0.4 | 13.0 | -0.7 | 2.6 | -1.0 | -2.8 | -0.5 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -61.9 | -27.6 | -92.9 | -115.6 | 87.4 | -122.4 | -96.5 | -95.8 | -56.8 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | 1.6 | 24.5 | -6.1 | -57.0 | 48.3 | -57.6 | 1.3 | 7.5 | 24.3 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 271.2 | 171.5 | 264.8 | 389.6 | -22.7 | 329.7 | 283.8 | 224.5 | 221.3 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 8.2 | 10.3 | 9.2 | 24.9 | 7.0 | 8.4 | 10.7 | 3.3 | 14.4 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 210.6 | 149.8 | 229.2 | 358.9 | 6.9 | 286.5 | 235.0 | 210.5 | 184.8 | 19 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FA223093005 | 52.3 | 11.3 | 26.4 | 5.7 | -36.7 | 34.7 | 38.2 | 10.7 | 22.1 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 241.9 | 241.2 | 251.8 | 267.8 | 228.8 | 249.7 | 239.6 | 237.1 | 280.5 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 233.1 | 230.4 | 231.6 | 231.9 | 231.6 | 231.6 | 231.6 | 231.6 | 231.6 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | 8.8 | 10.8 | 20.1 | 35.8 | -2.8 | 18.1 | 8.0 | 5.5 | 48.9 | 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 12, 2020