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 | 2018 | 2019 | 2020 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 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 | 0.4 | 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 | 0.4 | 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 | 194.6 | 246.8 | 239.5 | 228.6 | 252.8 | 206.5 | 256.0 | 250.7 | 244.6 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -1.7 | 2.0 | -2.6 | 8.4 | -29.7 | 7.6 | -21.7 | 8.0 | -4.4 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -0.4 | 4.6 | -1.7 | 1.2 | 10.4 | -1.1 | -4.2 | -2.0 | 0.4 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | -2.4 | -0.7 | 2.7 | 5.0 | 5.2 | 35.8 | -6.0 | -19.7 | 0.8 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | -0.2 | 0.5 | -6.5 | 8.8 | -7.0 | -2.2 | -7.3 | -7.6 | -9.0 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 56.9 | -112.2 | -66.7 | -124.4 | -145.1 | -57.3 | -105.6 | -58.7 | -45.4 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -1.9 | -6.3 | -1.0 | -24.2 | -4.3 | 12.1 | -33.0 | 18.0 | -0.9 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 52.8 | -22.8 | -103.0 | -205.2 | 17.0 | -185.9 | -270.8 | -54.3 | 98.8 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 12.7 | 20.4 | 32.4 | 97.2 | -45.6 | 21.3 | 107.1 | 27.5 | -26.4 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.7 | 0.0 | 0.0 | 0.0 | 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 | -7.5 | -103.4 | 4.9 | 7.8 | -112.2 | 95.3 | 91.2 | -49.9 | -117.0 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | 5.4 | -0.9 | 0.8 | -1.2 | -2.9 | 1.6 | 1.7 | -0.1 | 0.0 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -82.3 | -51.6 | -2.3 | 50.2 | -161.1 | 140.8 | -337.6 | 206.4 | -18.8 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | -2.7 | 0.8 | -34.7 | 321.9 | -155.0 | -36.7 | 66.3 | -135.7 | -32.8 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 221.8 | 404.4 | 350.5 | -41.3 | 738.0 | 117.8 | 670.4 | 260.0 | 353.8 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | -4.8 | 13.5 | 13.5 | -2.0 | 11.2 | -5.0 | 15.2 | 27.6 | 16.4 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 224.9 | 245.6 | 264.8 | 274.1 | 258.6 | 201.7 | 268.2 | 282.1 | 307.3 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 1.7 | 145.3 | 72.2 | -313.3 | 468.2 | -78.8 | 387.1 | -49.7 | 30.0 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 194.5 | 246.8 | 239.5 | 228.6 | 252.8 | 206.5 | 256.0 | 250.7 | 244.6 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 229.7 | 229.0 | 230.1 | 230.8 | 230.0 | 230.0 | 230.1 | 230.1 | 230.1 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | -35.1 | 17.8 | 9.4 | -2.2 | 22.7 | -23.5 | 25.9 | 20.7 | 14.6 | 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: March 11, 2021