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 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 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 | 0.5 | 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 | 260.8 | 243.9 | 259.0 | 276.8 | 256.0 | 234.5 | 241.0 | 244.3 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 6.0 | -0.6 | -5.2 | 26.7 | -21.4 | 0.2 | -0.2 | -10.4 | -10.5 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -2.0 | 0.2 | -2.4 | -1.5 | 1.8 | -9.0 | 6.2 | -6.5 | -0.2 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | 0.3 | 3.5 | -9.2 | 31.5 | -18.0 | -8.6 | -9.1 | -5.7 | -13.5 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 1.1 | 20.2 | -4.2 | -35.9 | 51.0 | -32.3 | -1.7 | 53.7 | -36.7 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 77.3 | 177.9 | 13.0 | 13.5 | 112.5 | 98.2 | -81.4 | -56.7 | 91.9 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -3.7 | 12.2 | -5.9 | 6.8 | 3.6 | 9.6 | -3.3 | -24.9 | -4.9 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 1.9 | 87.7 | -47.9 | -2.8 | 68.5 | -45.7 | -77.0 | -89.5 | 20.7 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | 24.7 | 13.5 | -29.0 | 36.0 | -3.7 | 16.7 | -47.9 | -55.1 | -29.7 | 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 | 54.4 | 64.5 | 95.7 | -26.4 | 44.1 | 117.6 | 46.8 | 112.7 | 105.9 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.9 | -0.0 | 0.5 | -1.0 | -0.5 | -1.0 | -1.1 | 3.9 | 0.4 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -5.7 | -147.2 | -45.3 | -105.8 | 69.3 | -41.6 | -132.3 | -9.8 | 2.3 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | 9.1 | -120.4 | -30.5 | 37.3 | -394.5 | 4.6 | -8.8 | -33.3 | -84.3 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 157.9 | 327.1 | 327.3 | 294.2 | 476.6 | 245.5 | 463.0 | 305.8 | 294.9 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 7.7 | 12.8 | 10.8 | 8.8 | 19.1 | 16.6 | 8.2 | 8.8 | 9.5 | 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 | -104.9 | 61.1 | 63.4 | 32.3 | 204.4 | -24.2 | 201.7 | 43.9 | 32.2 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 243.1 | 260.7 | 243.9 | 259.0 | 276.8 | 255.9 | 234.5 | 240.9 | 244.3 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 236.3 | 242.6 | 245.8 | 245.4 | 245.8 | 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 | 18.2 | -1.9 | 13.6 | 31.0 | 10.1 | -11.3 | -4.9 | -1.5 | 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 9, 2023