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 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FL224090045 | 9008.2 | 9237.4 | 9055.7 | 9112.0 | 9174.2 | 9237.4 | 9283.4 | 9372.1 | 9437.2 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 28.0 | 27.3 | 24.9 | 25.9 | 33.3 | 27.3 | 27.7 | 30.2 | 31.3 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.2 | 2.6 | 2.2 | 2.3 | 2.0 | 2.6 | 0.2 | 1.9 | 1.8 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FL223034043 | 21.3 | 16.9 | 23.4 | 21.6 | 29.4 | 16.9 | 23.2 | 22.0 | 22.1 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 7.8 | 30.5 | 18.4 | 24.2 | 15.7 | 30.5 | 20.2 | 22.1 | 21.6 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 1074.6 | 1209.1 | 1083.2 | 1171.2 | 1173.4 | 1209.1 | 1144.9 | 1068.6 | 1028.8 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 8.6 | 14.6 | 15.3 | 18.1 | 18.7 | 14.6 | 23.3 | 22.2 | 23.3 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 346.8 | 430.9 | 344.8 | 395.9 | 406.3 | 430.9 | 380.0 | 378.7 | 366.3 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 189.8 | 191.3 | 190.9 | 190.8 | 201.1 | 191.3 | 192.3 | 186.1 | 182.3 | 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 | 529.3 | 572.2 | 532.2 | 566.3 | 547.3 | 572.2 | 549.4 | 481.6 | 456.8 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 6.9 | 8.1 | 7.4 | 7.3 | 7.2 | 8.1 | 6.7 | 7.2 | 7.2 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2843.5 | 3392.2 | 2959.9 | 3129.3 | 3106.2 | 3392.2 | 3276.3 | 2918.7 | 2716.9 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | LM223064243 | 196.9 | 52.3 | 181.1 | 180.5 | 188.9 | 52.3 | 66.1 | 56.6 | 23.4 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FL223090045 | 4826.9 | 4498.6 | 4755.1 | 4549.7 | 4618.0 | 4498.6 | 4718.1 | 5244.7 | 5584.1 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FL223073045 | 4005.6 | 3506.6 | 3909.4 | 3675.4 | 3709.9 | 3506.6 | 3792.8 | 4289.8 | 4619.9 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | LM223093043 | 821.3 | 992.0 | 845.7 | 874.3 | 908.1 | 992.0 | 925.3 | 954.8 | 964.3 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) (3) | FL224190043 | 9143.4 | 9409.4 | 9208.6 | 9274.9 | 9342.1 | 9409.4 | 9476.7 | 9544.1 | 9611.4 | 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, 2022