Prior to 2019q1, quarterly levels are benchmarked annually to U.S. Census Bureau, Annual Survey of Public Pensions (ASPP), State & Local Data, Table 1: National Summary of Public-Employee Retirement Systems: state and local governments. Quarterly levels between ASPP Q2 benchmarks are linearly interpolated. Capital gains are computed using the change in the Merrill Lynch Municipal Master par weighted price. The unadjusted transactions are the change in the level, less capital gains, less any other changes in volume. Data for the most recent ten years show no significant seasonality. Beginning with 2019q1, municipal series are no longer reported in the Quarterly Survey of Public Pensions (QSPP), so quarterly levels are set to zero.
Last edited on: 03/10/2021