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 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 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 | 0.3 | 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 | 242.2 | 235.6 | 247.2 | 258.5 | 235.5 | 240.6 | 228.5 | 237.6 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 4.0 | 6.0 | 9.4 | 4.6 | 27.5 | -12.8 | 4.4 | 32.9 | 13.0 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | 4.3 | -2.0 | -0.1 | -1.3 | 0.0 | 0.0 | 0.6 | -1.0 | -0.1 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | 2.2 | 0.3 | 8.1 | 3.7 | -26.9 | 8.0 | -6.4 | 29.4 | 1.5 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 3.2 | 1.1 | 12.0 | -5.0 | 19.8 | 42.2 | 24.6 | -32.2 | 13.6 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | -152.2 | 74.6 | 192.0 | 109.3 | 204.0 | 246.8 | 279.6 | 47.7 | 194.1 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -4.8 | -3.8 | 10.5 | -0.3 | -6.5 | 26.9 | 12.3 | -4.2 | 7.1 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | -36.6 | 1.0 | 122.3 | 110.6 | 170.4 | 68.3 | 177.3 | 112.1 | 131.7 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 20.6 | 24.2 | 18.6 | 46.3 | -6.1 | 20.7 | -2.5 | 42.6 | 13.6 | 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 | -130.4 | 53.2 | 40.6 | -47.3 | 46.2 | 130.9 | 92.6 | -102.8 | 41.6 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -1.5 | -0.9 | 0.7 | 0.9 | -2.4 | 2.0 | -0.3 | 0.9 | 0.0 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -23.7 | -30.3 | -257.7 | 125.3 | -125.3 | -164.7 | -270.1 | -337.2 | -258.7 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | 8.5 | 8.7 | -22.4 | -11.2 | 108.5 | -91.8 | -37.5 | 38.0 | 1.4 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 404.6 | 184.8 | 293.6 | 20.8 | 53.2 | 205.8 | 245.6 | 450.0 | 272.8 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 14.5 | 7.8 | 2.4 | 15.8 | 13.1 | 2.9 | 9.8 | -7.0 | 3.9 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 202.6 | 256.7 | 256.7 | 256.7 | 256.7 | 256.7 | 256.7 | 256.7 | 256.6 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 187.5 | -79.7 | 34.5 | -251.7 | -216.6 | -53.8 | -20.9 | 200.3 | 12.2 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 249.4 | 242.1 | 235.4 | 247.1 | 258.4 | 235.4 | 240.5 | 228.4 | 237.5 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 232.0 | 235.5 | 236.4 | 237.1 | 236.4 | 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 | 6.7 | -0.8 | 10.0 | 22.1 | -0.9 | 4.2 | -7.9 | 1.2 | 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: March 10, 2022