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 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 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 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 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 | 0.5 | 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 | 235.6 | 195.3 | 247.0 | 270.4 | 236.2 | 228.6 | 252.7 | 150.4 | 260.7 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -10.4 | -1.7 | 2.9 | 7.1 | 23.7 | 5.6 | -24.9 | -0.2 | 1.0 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -0.4 | -0.4 | 4.7 | 0.5 | 6.3 | 1.2 | 10.9 | 0.0 | 4.6 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | -3.0 | -2.4 | -0.1 | 14.2 | -24.3 | 3.2 | 6.3 | 37.4 | 5.6 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | -0.2 | -0.2 | 3.7 | 1.1 | -0.8 | 32.8 | -18.1 | -0.5 | 3.3 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 52.5 | 56.9 | -100.6 | 31.5 | -178.9 | -71.8 | -183.3 | 7.6 | -206.6 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -2.2 | -1.9 | -5.3 | 13.0 | -7.1 | -24.2 | -2.9 | 15.1 | -4.8 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 70.9 | 52.8 | -8.1 | 32.2 | 84.1 | -187.2 | 38.4 | -120.6 | -46.3 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 8.7 | 12.7 | 26.0 | 13.7 | 23.7 | 97.1 | -30.5 | 20.3 | -72.4 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.7 | 0.7 | -0.9 | -3.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 12 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | -25.4 | -7.5 | -112.3 | -23.9 | -279.6 | 42.5 | -188.3 | 92.8 | -83.1 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -7.6 | 5.4 | -0.5 | 2.1 | -1.0 | -1.2 | -1.9 | 4.0 | -0.1 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -61.9 | -82.3 | -221.1 | -86.1 | 30.6 | -454.1 | -374.7 | 520.8 | -69.3 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | 1.3 | -2.6 | 9.2 | -63.5 | 102.6 | 122.2 | -124.4 | -64.4 | 11.4 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 265.2 | 222.3 | 548.8 | 363.4 | 278.1 | 590.6 | 962.8 | -354.2 | 510.7 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 13.5 | -4.3 | 13.7 | 34.2 | 11.5 | -2.1 | 11.2 | -60.5 | 31.2 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 207.9 | 224.9 | 300.6 | 306.3 | -22.2 | 444.8 | 473.6 | -140.4 | 289.1 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 43.9 | 1.7 | 234.4 | 22.9 | 288.8 | 147.9 | 478.1 | -153.4 | 190.4 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 235.7 | 195.2 | 247.0 | 270.4 | 236.3 | 228.6 | 252.8 | 150.5 | 260.7 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 230.4 | 229.7 | 229.0 | 226.4 | 228.7 | 230.8 | 230.0 | 230.0 | 230.1 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | 5.2 | -34.5 | 18.0 | 44.0 | 7.5 | -2.2 | 22.7 | -79.6 | 30.6 | 23 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts.
- 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: September 21, 2020