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 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FL224090045 | 8743.6 | 9011.6 | 8829.1 | 8902.5 | 8976.0 | 9011.6 | 9074.6 | 9173.3 | 9241.6 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 23.0 | 27.7 | 22.1 | 20.6 | 21.0 | 27.7 | 21.8 | 24.1 | 24.0 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 4.5 | 2.3 | 4.2 | 2.8 | 2.4 | 2.3 | 2.3 | 2.7 | 2.7 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FL223034043 | 18.2 | 22.1 | 27.0 | 25.0 | 24.6 | 22.1 | 24.0 | 22.6 | 22.7 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 7.0 | 8.1 | 6.5 | 4.0 | 2.6 | 8.1 | 18.2 | 27.3 | 26.7 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 970.9 | 1068.0 | 977.2 | 1003.3 | 1026.3 | 1068.0 | 1068.9 | 1172.1 | 1158.3 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 10.8 | 8.9 | 13.9 | 9.1 | 9.2 | 8.9 | 15.2 | 19.6 | 19.3 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 344.1 | 354.2 | 336.8 | 306.3 | 327.0 | 354.2 | 346.4 | 430.2 | 424.0 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 167.6 | 193.2 | 178.9 | 186.1 | 197.4 | 193.2 | 192.0 | 202.7 | 202.0 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 0.0 | 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 | 448.4 | 511.7 | 447.6 | 501.8 | 492.6 | 511.7 | 515.3 | 519.6 | 512.9 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 8.4 | 7.8 | 8.9 | 8.1 | 8.4 | 7.8 | 7.6 | 8.3 | 8.3 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2576.9 | 2861.9 | 2174.5 | 2376.0 | 2585.5 | 2861.9 | 2976.3 | 3183.3 | 3164.4 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | LM223064243 | 160.1 | 204.4 | 131.3 | 150.1 | 156.6 | 204.4 | 165.7 | 181.7 | 180.7 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FL223090045 | 4974.6 | 4809.3 | 5477.5 | 5312.7 | 5148.6 | 4809.3 | 4789.9 | 4551.4 | 4653.9 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FL223073045 | 4157.6 | 4037.0 | 4750.2 | 4499.4 | 4377.5 | 4037.0 | 3976.4 | 3745.6 | 3844.2 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | LM223093043 | 817.0 | 772.3 | 727.2 | 813.2 | 771.1 | 772.3 | 813.5 | 805.8 | 809.7 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) (3) | FL224190043 | 8866.4 | 9158.1 | 8939.0 | 9011.7 | 9085.0 | 9158.1 | 9231.3 | 9304.4 | 9377.6 | 18 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.
Last Update: December 9, 2021