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 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 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 | 235.5 | 196.1 | 246.5 | 243.9 | 208.9 | 252.6 | 251.1 | 262.8 | 221.8 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -10.4 | -1.7 | 4.7 | 5.7 | -3.6 | -6.0 | 1.4 | 31.0 | 4.1 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -0.4 | -0.4 | 4.5 | -2.1 | -0.9 | -5.8 | -1.3 | -0.2 | -1.5 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | -3.0 | -2.4 | -0.9 | 2.6 | 36.3 | -8.0 | -1.4 | -16.4 | 1.5 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | -0.2 | -0.2 | 3.4 | 0.9 | -1.9 | -9.7 | -5.8 | 21.1 | 0.6 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 52.5 | 56.9 | -143.9 | 25.3 | -21.3 | -34.0 | 104.0 | 52.4 | -32.0 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -2.2 | -1.9 | -6.5 | -4.4 | 12.4 | -19.1 | 0.4 | -11.3 | -3.2 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 70.9 | 52.8 | -24.8 | -4.9 | -142.5 | -109.8 | 92.5 | 140.2 | -3.5 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 8.7 | 12.7 | 19.8 | 27.3 | 22.2 | 38.4 | 56.0 | -7.5 | 19.4 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.7 | 0.7 | 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 | -25.4 | -7.5 | -132.5 | 7.3 | 86.7 | 56.5 | -44.9 | -69.0 | -44.8 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -7.6 | 5.4 | -1.0 | -0.3 | 1.8 | -3.0 | 1.3 | -1.0 | -0.2 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -61.9 | -82.3 | -16.1 | -6.4 | 116.3 | -157.1 | 165.5 | -150.5 | -175.8 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | 1.3 | -0.7 | -1.2 | 2.3 | -32.6 | 5.9 | -14.7 | 50.7 | 4.8 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 265.1 | 221.3 | 397.0 | 215.8 | 114.8 | 470.4 | 2.1 | 275.8 | 420.2 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 13.3 | -5.4 | 14.5 | 15.2 | -2.6 | 11.8 | 27.4 | 24.3 | -10.1 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 207.9 | 224.9 | 246.9 | 278.1 | 205.5 | 255.4 | 262.8 | 388.7 | 314.3 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 43.8 | 1.8 | 135.5 | -77.5 | -88.1 | 203.2 | -288.1 | -137.2 | 116.0 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 235.6 | 196.1 | 246.5 | 243.8 | 208.9 | 252.6 | 251.1 | 262.8 | 221.8 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 230.4 | 229.7 | 229.0 | 230.1 | 230.0 | 230.1 | 230.1 | 230.1 | 230.1 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | 5.1 | -33.6 | 17.5 | 13.8 | -21.1 | 22.5 | 21.0 | 32.7 | -8.2 | 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: June 10, 2021