Financial Accounts of the United States - Z.1
F.120.b State and Local Government Employee Retirement Funds Defined Benefit Plans
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 defined benefit retirement funds; total financial assets (1) | FA224090045 | 236.3 | 242.6 | 245.8 | 245.4 | 245.8 | 245.8 | 245.8 | 245.8 | 245.8 | 1 |
| 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 | 2 |
| 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 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FA223034043 | 0.3 | 3.8 | -9.3 | 31.6 | -17.9 | -8.6 | -9.1 | -5.7 | -13.6 | 4 |
| 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 | 5 |
| 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 | 6 |
| 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 | 7 |
| 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 | 8 |
| 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 | 9 |
| 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 | 10 |
| 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 | 11 |
| 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 | 12 |
| 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 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | FA223064243 | 10.4 | -125.6 | -17.3 | 32.8 | -406.1 | 11.5 | 11.1 | -19.2 | -72.7 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FA223090045 | 149.7 | 313.8 | 316.1 | 285.0 | 457.1 | 228.5 | 454.4 | 296.6 | 284.9 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FA223073045 | 255.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 253.1 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | FA223093043 | -105.3 | 60.7 | 63.0 | 31.9 | 204.0 | -24.6 | 201.3 | 43.5 | 31.8 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FA224190043 | 236.2 | 242.5 | 245.8 | 245.3 | 245.8 | 245.8 | 245.8 | 245.8 | 245.8 | 18 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Unfunded defined benefit pension entitlements.
Last Update: March 9, 2023