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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 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 | 0.5 | 1 |
| State and local government employee retirement funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA225013005 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 2 |
| State and local government employee retirement funds; total financial assets (1) | FA224090005 | 243.2 | 260.6 | 250.3 | 256.5 | 258.8 | 276.6 | 255.9 | 231.0 | 248.5 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 6.0 | -0.8 | -12.7 | 4.1 | 29.6 | -24.1 | 1.7 | 10.1 | 4.2 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -2.0 | 0.5 | 0.0 | 0.5 | -1.3 | 2.5 | -10.0 | 7.1 | -0.4 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | 0.3 | -4.7 | 8.1 | -7.6 | 30.9 | -50.2 | 25.3 | -4.8 | 0.4 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 1.1 | 22.6 | 42.2 | 23.1 | -33.7 | 58.9 | -41.2 | 7.9 | -2.0 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 74.6 | 186.9 | 250.4 | 275.7 | 47.2 | 174.3 | 76.7 | -54.1 | 60.0 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -3.8 | 6.0 | 26.9 | 11.2 | 2.4 | -16.5 | 34.8 | -4.2 | 4.0 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 1.0 | 103.0 | 69.5 | 187.1 | 52.5 | 103.0 | -99.1 | 59.6 | 28.5 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 24.2 | 6.3 | 21.3 | -6.5 | 41.8 | -31.5 | 39.6 | -6.6 | 10.6 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.0 | 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 | 53.2 | 71.6 | 132.7 | 83.9 | -49.5 | 119.4 | 101.4 | -102.9 | 16.8 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.9 | 1.1 | 2.0 | -0.7 | -0.1 | 3.2 | -5.4 | 2.2 | -0.0 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -28.4 | -121.4 | -165.0 | -199.0 | -253.5 | 131.9 | 97.3 | -139.0 | -40.1 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | 8.8 | -161.6 | -81.9 | -43.6 | 42.8 | -563.8 | 61.6 | -41.8 | -127.6 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 183.7 | 338.0 | 207.2 | 204.1 | 396.9 | 543.8 | 50.1 | 443.4 | 354.0 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 7.7 | 12.6 | 7.2 | 15.8 | 8.7 | 18.9 | 16.6 | 8.7 | 10.3 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 255.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | -79.1 | 72.2 | -53.2 | -64.9 | 135.1 | 271.8 | -219.7 | 181.6 | 90.6 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 243.2 | 260.6 | 250.3 | 256.5 | 258.8 | 276.5 | 255.9 | 231.0 | 248.5 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 236.3 | 242.6 | 237.4 | 241.6 | 245.4 | 245.8 | 245.8 | 245.8 | 245.8 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | 6.9 | 18.0 | 12.9 | 14.9 | 13.5 | 30.7 | 10.1 | -14.8 | 2.7 | 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, 2022