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 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 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 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 2 |
| State and local government employee retirement funds; total financial assets (1) | FA224090005 | 249.5 | 242.0 | 209.3 | 253.8 | 247.1 | 257.7 | 235.5 | 240.6 | 239.8 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 4.9 | 4.7 | -3.6 | -6.1 | 1.5 | 26.9 | -23.7 | 9.1 | -0.3 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | 4.6 | -2.2 | -1.0 | -5.9 | -1.4 | -0.6 | -0.1 | 1.6 | 0.0 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | -0.8 | 4.0 | 36.6 | -8.1 | -1.4 | -11.1 | 7.1 | -6.2 | -0.0 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 3.5 | 1.1 | -2.0 | -9.8 | -5.9 | 22.2 | 40.2 | 36.4 | -2.1 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | -136.1 | 52.4 | -21.5 | -34.3 | 105.0 | 160.3 | 217.2 | 338.2 | -18.3 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -6.4 | -1.8 | 12.5 | -19.2 | 0.4 | -1.0 | 25.0 | 17.5 | -0.9 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | -21.7 | -7.1 | -143.8 | -110.8 | 93.3 | 132.7 | 47.7 | 318.0 | -13.2 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 21.3 | 27.0 | 22.4 | 38.7 | 56.5 | -9.8 | 12.8 | 36.4 | -2.1 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | -1.0 | 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 | -128.4 | 34.4 | 87.5 | 57.0 | -45.3 | 38.3 | 131.7 | -33.7 | -2.0 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.9 | -0.6 | 1.8 | -3.1 | 1.3 | -2.5 | -0.6 | 2.7 | -0.0 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -28.3 | 22.5 | 123.2 | -151.7 | 176.5 | -58.1 | -145.8 | -136.7 | 8.1 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | 0.1 | 24.0 | -32.7 | 5.8 | -14.1 | 137.2 | -183.7 | 21.4 | 0.6 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 402.5 | 136.0 | 108.3 | 466.9 | -14.4 | -16.6 | 324.9 | -26.0 | 251.8 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 14.5 | 7.7 | -6.3 | 8.5 | 15.7 | 13.0 | 2.9 | 9.9 | 3.6 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 248.4 | 251.0 | 202.5 | 252.3 | 258.9 | 290.4 | 295.4 | 234.4 | 233.4 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 139.6 | -122.7 | -87.9 | 206.1 | -289.0 | -319.9 | 26.6 | -270.3 | 14.8 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 249.4 | 241.9 | 209.2 | 253.7 | 247.0 | 257.6 | 235.4 | 240.5 | 239.7 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 232.0 | 235.5 | 234.1 | 234.6 | 237.1 | 236.4 | 236.4 | 236.4 | 236.4 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | 17.5 | 6.4 | -24.8 | 19.3 | 9.9 | 21.3 | -0.9 | 4.2 | 3.4 | 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: December 9, 2021