Financial Accounts of the United States - Z.1
S129.3.t State and local government employee pension funds 🕮 PDF
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross saving | FA226330005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Fixed nonresidential investment | FA225013005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Net acquisition of financial assets | FA224090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Checkable deposits and currency | FA223020043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Time and savings deposits | FA223030043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Debt securities | FA224022045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Open market paper | FA223069143 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Treasury securities | FA223061143 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Agency- and GSE-backed securities | FA223061743 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Municipal securities | FA223062043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Corporate and foreign bonds | FA223063045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Loans | FA224035045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Security repurchase agreements | FA222051043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Mortgages | FA223065043 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Corporate equities | FA223064145 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Money market fund shares | FA223034005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Mutual fund shares | FA223064205 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Miscellaneous assets | FA223090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Unallocated insurance contracts | FA223095505 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Claims of pension fund on sponsor | FA223073045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Other | FA223093005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Net increase in pension entitlements (liabilities) | FA224190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: Net acquisition of financial assets | |||||||||||
| Line 23 | Defined benefit plans | FA224090045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Defined contribution plans | FA224090055 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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 S129s1.3.t.
- Additional detail on defined contribution plans is available on table S129s2.3.t.
Last Update: 2026-05-22