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 2018 2019 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2020 Q1 2020 Q2 2020 Q3 Line
State and local government employee defined benefit retirement funds; total financial assets (1) FL224090045 8515.6 8732.6 8523.0 8600.3 8660.0 8732.6 8813.4 8869.6 8938.4 1
State and local government employee defined benefit retirement funds; checkable deposits and currency; asset FL223020043 28.6 20.2 19.5 25.4 27.0 20.2 22.7 17.0 14.9 2
State and local government employee defined benefit retirement funds; total time and savings deposits; asset FL223030043 2.2 4.3 0.0 1.6 1.8 4.3 4.0 3.3 3.7 3
State and local government employee defined benefit retirement funds; money market fund shares; asset FL223034043 57.2 17.5 21.7 15.6 16.2 17.5 25.6 26.0 28.6 4
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FL222051043 4.5 6.7 3.7 3.5 11.2 6.7 6.1 4.7 5.0 5
State and local government employee defined benefit retirement funds retirement funds; debt securities; asset LM224022045 975.6 1029.3 1024.4 1007.7 1069.8 1029.3 1021.1 995.6 975.5 6
State and local government employee defined benefit retirement funds; commercial paper; asset FL223069143 52.1 10.4 19.7 17.9 11.4 10.4 13.2 5.7 2.7 7
State and local government employee defined benefit retirement funds; Treasury securities; asset LM223061143 367.9 368.2 358.9 388.8 370.1 368.2 352.1 261.9 222.0 8
State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset LM223061743 141.8 160.3 144.8 153.2 171.6 160.3 169.7 207.7 216.6 9
State and local government employee defined benefit retirement funds; municipal securities; asset LM223062043 4.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 10
State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset LM223063045 409.8 490.5 501.0 447.8 516.7 490.5 486.1 520.3 534.2 11
State and local government employee defined benefit retirement funds; total mortgages; asset FL223065043 12.3 8.1 9.7 9.4 8.8 8.1 8.4 9.5 9.5 12
State and local government employee defined benefit retirement funds; corporate equities; asset LM223064145 2478.6 2550.9 2417.1 2505.7 2441.8 2550.9 2163.9 2340.4 2458.1 13
State and local government employee defined benefit retirement funds; mutual fund shares; asset LM223064243 270.5 154.1 127.8 158.2 183.7 154.1 124.5 168.8 180.1 14
State and local government employee defined benefit retirement funds; miscellaneous assets FL223090045 4686.1 4941.5 4899.1 4873.0 4899.7 4941.5 5437.0 5304.3 5263.0 15
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) FL223073045 4491.6 4090.1 4354.0 4245.9 4191.8 4090.1 4665.3 4407.1 4268.4 16
State and local government employee defined benefit retirement funds; unidentified miscellaneous assets LM223093043 194.5 851.4 545.0 627.2 707.9 851.4 771.7 897.2 994.6 17
State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) (3) FL224190043 8584.8 8850.8 8650.7 8717.1 8784.1 8850.8 8917.6 8984.4 9051.1 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: December 10, 2020