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
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| Description | Series code | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 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 | 1.3 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1 |
| State and local government employee retirement funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA225013005 | 6.5 | 6.5 | 6.3 | 6.5 | 6.5 | 6.6 | 6.7 | 6.8 | 6.8 | 2 |
| State and local government employee retirement funds; total financial assets (1) | FA224090005 | 205.4 | 223.6 | 228.3 | 229.1 | 217.4 | 219.6 | 235 | 226.4 | 224.7 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | -2.1 | -2.5 | -8.1 | 17.8 | 2 | -21.6 | 46.1 | 24.6 | 12.8 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | 4 | -4.1 | -14.6 | -10.7 | 10.8 | -2.1 | -1.4 | 0.9 | 2.1 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | -4.4 | -4.9 | -3.7 | -20.7 | 9.7 | -4.9 | 13.1 | -5.6 | 3.4 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 20.2 | 9.4 | 21.5 | -143.6 | 142.9 | 16.6 | 27.1 | 49 | 59 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 15.3 | 18.3 | 81.5 | -43.8 | 21 | 14.7 | 254.6 | 247 | 134.6 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | -9.3 | 0.3 | -0.1 | 1.8 | 6.1 | -6.6 | 5.9 | -2.8 | 0.6 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | -33.1 | 65.8 | 103.7 | 5.1 | 114.7 | 39.7 | 135.9 | 149.3 | 110.1 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | -16.2 | -3.8 | -41.8 | 61.8 | -59.4 | 24.1 | 20.5 | -19.7 | -8.6 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 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 | 73.9 | -44 | 19.7 | -112.6 | -40.4 | -42.5 | 92.3 | 120.2 | 32.4 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.3 | -1.8 | 0.3 | -3.8 | -0.9 | -2.9 | -1.5 | 1.1 | -1.1 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -90 | -90.2 | -297.3 | 136.2 | -77.8 | -121.8 | -288.3 | -385.1 | -218.7 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | -47.5 | 22.5 | 217.5 | -94.7 | -28.5 | -4.4 | -139.9 | -4.6 | -46.5 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 310.3 | 276.9 | 231 | 392.4 | 138.1 | 346 | 325.4 | 299.3 | 279 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 12.6 | 5.5 | 9.1 | 3.2 | 4.2 | 5.3 | 12.8 | 14.2 | 11 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 250.5 | 260.2 | 260.3 | 260.3 | 260.2 | 260.2 | 260.2 | 260.2 | 260.1 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 47.2 | 11.2 | -38.3 | 128.9 | -126.4 | 80.5 | 52.4 | 24.9 | 7.9 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 210.7 | 228.4 | 232.9 | 233.9 | 222.1 | 224.5 | 240 | 231.4 | 229.6 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 218.1 | 217.1 | 217.9 | 217.3 | 216.9 | 216.4 | 216.4 | 216.3 | 216.4 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | -12.7 | 6.5 | 10.4 | 11.8 | 0.4 | 3.2 | 18.7 | 10.1 | 8.3 | 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 12, 2024