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 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 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 | 0.5 | 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 | 229.7 | 242.5 | 251.0 | 246.2 | 248.3 | 246.4 | 263.2 | 246.4 | 230.2 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 4.0 | 6.0 | -0.8 | -12.7 | 4.1 | 29.6 | -24.1 | 1.7 | 3.2 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | 4.3 | -2.0 | 0.5 | 0.0 | 0.5 | -1.3 | 2.5 | -10.0 | -0.5 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | 1.9 | 0.3 | -4.7 | 8.1 | -7.6 | 30.9 | -50.2 | 25.3 | -0.2 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 3.2 | 1.1 | 22.6 | 42.2 | 23.1 | -33.7 | 58.9 | -41.2 | 2.0 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | -152.2 | 74.6 | 186.9 | 250.4 | 275.7 | 47.2 | 174.3 | 76.7 | 162.7 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -4.8 | -3.8 | 6.0 | 26.9 | 11.2 | 2.4 | -16.5 | 34.8 | 9.0 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | -36.6 | 1.0 | 103.0 | 69.5 | 187.1 | 52.5 | 103.0 | -99.1 | 69.0 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 20.6 | 24.2 | 6.3 | 21.3 | -6.5 | 41.8 | -31.5 | 39.6 | 12.3 | 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 | 71.6 | 132.7 | 83.9 | -49.5 | 119.4 | 101.4 | 72.3 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -1.5 | -0.9 | 1.1 | 2.0 | -0.7 | -0.1 | 3.2 | -5.4 | -0.9 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | 76.0 | -27.6 | -124.4 | -163.3 | -160.9 | -299.4 | 125.9 | 91.4 | -80.2 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | -3.3 | 8.8 | -161.6 | -81.8 | -43.5 | 42.9 | -563.8 | 61.6 | -157.6 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 297.1 | 182.3 | 331.4 | 201.3 | 157.5 | 430.3 | 536.3 | 46.3 | 301.6 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 6.6 | 7.7 | 9.2 | 4.1 | 12.7 | 5.2 | 14.9 | 16.5 | 6.0 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 202.9 | 253.5 | 250.0 | 250.0 | 250.0 | 250.0 | 250.0 | 250.0 | 250.0 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 87.7 | -79.0 | 72.2 | -52.8 | -105.1 | 175.1 | 271.4 | -220.1 | 45.7 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 229.6 | 242.4 | 250.9 | 246.1 | 248.2 | 246.3 | 263.1 | 246.3 | 230.0 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 232.0 | 235.5 | 236.4 | 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 | -2.3 | 7.0 | 14.6 | 9.9 | 11.9 | 10.0 | 26.8 | 10.0 | -6.2 | 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: September 9, 2022