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 | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets (1) | FL224090005 | 8678.2 | 8979.1 | 9327.6 | 8926.1 | 8979.1 | 9072.6 | 9151.9 | 9225.9 | 9327.6 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 30.2 | 28.9 | 32.3 | 30.3 | 28.9 | 31.0 | 29.0 | 31.9 | 32.3 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.5 | 2.2 | 2.4 | 2.3 | 2.2 | 2.3 | 2.2 | 2.4 | 2.4 | 3 |
| State and local government employee retirement funds; money market fund shares; asset | FL223034005 | 62.0 | 60.8 | 67.6 | 63.4 | 60.8 | 65.0 | 61.0 | 66.8 | 67.6 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 4.7 | 4.6 | 5.1 | 4.8 | 4.6 | 4.9 | 4.6 | 5.0 | 5.1 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 955.0 | 988.7 | 1097.6 | 952.6 | 988.7 | 1031.4 | 1048.5 | 1082.2 | 1097.6 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 54.0 | 52.8 | 58.9 | 55.2 | 52.8 | 56.6 | 52.9 | 58.2 | 58.9 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 289.4 | 372.8 | 410.3 | 304.7 | 372.8 | 390.6 | 399.6 | 404.4 | 410.3 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 109.5 | 143.7 | 157.8 | 117.4 | 143.7 | 150.6 | 154.0 | 155.9 | 157.8 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 3.4 | 4.1 | 3.1 | 3.4 | 4.1 | 3.2 | 3.2 | 3.2 | 3.1 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 498.8 | 415.3 | 467.5 | 471.8 | 415.3 | 430.3 | 438.6 | 460.6 | 467.5 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 6.9 | 12.5 | 12.1 | 12.7 | 12.5 | 13.1 | 12.9 | 12.2 | 12.1 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2706.8 | 2531.8 | 2999.5 | 2795.4 | 2531.8 | 2711.1 | 2807.1 | 2783.9 | 2999.5 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | LM223064205 | 476.0 | 465.3 | 548.4 | 506.8 | 465.3 | 496.9 | 511.8 | 514.2 | 548.4 | 14 |
| State and local government employee retirement funds; miscellaneous assets | FL223090005 | 4434.1 | 4884.3 | 4562.6 | 4557.9 | 4884.3 | 4716.7 | 4674.9 | 4727.3 | 4562.6 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 138.8 | 148.9 | 159.1 | 147.6 | 148.9 | 151.4 | 154.2 | 155.1 | 159.1 | 16 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FL223073045 | 4017.4 | 4446.2 | 4087.8 | 4111.8 | 4446.2 | 4267.4 | 4213.2 | 4262.1 | 4087.8 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FL223093005 | 277.9 | 289.3 | 315.7 | 298.4 | 289.3 | 297.9 | 307.5 | 310.2 | 315.7 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) (4) | FL224190005 | 8763.2 | 9049.4 | 9401.2 | 9001.3 | 9049.4 | 9146.8 | 9228.4 | 9303.1 | 9401.2 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FL224190043 | 8323.2 | 8614.2 | 8906.4 | 8541.2 | 8614.2 | 8687.3 | 8760.3 | 8833.4 | 8906.4 | 20 |
| State and local government employee defined benefit retirement funds; total funded assets (5) | FL222000075 | 4305.8 | 4168.0 | 4818.6 | 4429.3 | 4168.0 | 4419.9 | 4547.1 | 4571.3 | 4818.6 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | FL223073045 | 4017.4 | 4446.2 | 4087.8 | 4111.8 | 4446.2 | 4267.4 | 4213.2 | 4262.1 | 4087.8 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets (6) | FL224090045 | 8238.3 | 8544.0 | 8832.8 | 8466.0 | 8544.0 | 8613.0 | 8683.8 | 8756.2 | 8832.8 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets (7) | FL224090055 | 440.0 | 435.1 | 494.8 | 460.1 | 435.1 | 459.6 | 468.1 | 469.8 | 494.8 | 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: March 12, 2020