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 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 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 | 0.2 | 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 | 195.0 | 229.7 | 238.7 | 251.1 | 246.3 | 248.4 | 246.5 | 263.2 | 245.5 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -1.7 | 4.0 | 6.0 | -0.8 | -12.8 | 4.4 | 32.9 | -27.7 | -0.8 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -0.4 | 4.3 | -2.0 | 0.5 | 0.0 | 0.6 | -1.0 | 2.2 | 0.5 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | -2.4 | 1.9 | 0.3 | -4.7 | 8.1 | -6.3 | 29.5 | -50.0 | -4.5 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | -0.2 | 3.2 | 1.1 | 22.6 | 42.2 | 24.6 | -32.2 | 56.0 | 22.6 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 56.9 | -152.2 | 74.6 | 186.9 | 246.8 | 279.6 | 47.7 | 173.4 | 186.7 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -1.9 | -4.8 | -3.8 | 6.0 | 26.9 | 12.3 | -4.2 | -11.0 | 6.0 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 52.8 | -36.6 | 1.0 | 103.0 | 68.3 | 177.3 | 112.1 | 54.5 | 102.9 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 12.7 | 20.6 | 24.2 | 6.3 | 20.7 | -2.5 | 42.6 | -35.6 | 6.3 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.7 | -1.0 | 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 | -130.4 | 53.2 | 71.6 | 130.9 | 92.6 | -102.8 | 165.5 | 71.5 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | 5.4 | -1.5 | -0.9 | 1.1 | 2.0 | -0.3 | 0.9 | 1.9 | 1.1 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -82.3 | 26.1 | -30.6 | -129.2 | -165.0 | -230.5 | -377.6 | 256.2 | -139.1 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | -0.7 | -3.3 | 8.8 | -161.6 | -82.4 | -32.9 | 43.5 | -574.7 | -13.2 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 220.2 | 347.1 | 181.4 | 336.4 | 207.5 | 209.1 | 502.9 | 426.0 | 192.2 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | -5.4 | 6.6 | 3.9 | 9.3 | 4.1 | 12.8 | 5.2 | 14.9 | 15.2 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 223.9 | 202.8 | 257.0 | 257.0 | 257.0 | 257.0 | 257.1 | 257.0 | 257.0 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 1.8 | 137.7 | -79.5 | 70.1 | -53.6 | -60.7 | 240.6 | 154.0 | -80.0 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 194.8 | 229.6 | 238.6 | 251.0 | 246.2 | 248.3 | 246.4 | 263.1 | 245.4 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 228.7 | 232.0 | 235.5 | 236.4 | 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 | -33.7 | -2.3 | 3.1 | 14.7 | 9.9 | 12.0 | 10.1 | 26.9 | 9.1 | 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 9, 2022