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 2017 2018 2019 2018 Q3 2018 Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 Line
State and local government employee defined benefit retirement funds; total financial assets (1) FL224090045 8238.3 8544.0 8832.8 8466.0 8544.0 8613.0 8683.8 8756.2 8832.8 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 defined benefit retirement funds; money market fund shares; asset FL223034043 59.2 58.0 64.6 60.6 58.0 62.1 58.1 63.8 64.6 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 defined benefit retirement funds; mutual fund shares; asset LM223064243 264.0 274.1 315.1 288.3 274.1 284.8 295.7 298.2 315.1 14
State and local government employee defined benefit retirement funds; miscellaneous assets FL223090045 4208.9 4643.3 4304.0 4319.1 4643.3 4472.2 4425.8 4476.5 4304.0 15
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) FL223073045 4017.4 4446.2 4087.8 4111.8 4446.2 4267.4 4213.2 4262.1 4087.8 16
State and local government employee defined benefit retirement funds; unidentified miscellaneous assets FL223093043 191.5 197.1 216.2 207.3 197.1 204.8 212.6 214.4 216.2 17
State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) (3) FL224190043 8323.2 8614.2 8906.4 8541.2 8614.2 8687.3 8760.3 8833.4 8906.4 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: March 12, 2020