F.229 Pension entitlements

Billions of dollars; quarterly figures are seasonally adjusted annual rates

Line Description Series 2023 2024 2025 2024:Q3 2024:Q4 2025:Q1 2025:Q2 2025:Q3 2025:Q4
Line 1 Net change in liabilities FA893150005 -- -- -- -- -- -- -- -- --
Line 2 Life insurance companies1 FA543150005 -- -- -- -- -- -- -- -- --
Line 3 Private pension funds2 FA574190005 -- -- -- -- -- -- -- -- --
Line 4 Federal government pension funds3 FA344090005 -- -- -- -- -- -- -- -- --
Line 5 State and local govt. pension funds FA224190005 -- -- -- -- -- -- -- -- --
Line 6 Rest of the world FA263150005 -- -- -- -- -- -- -- -- --
Line 7 Net change in assets FA893150005 -- -- -- -- -- -- -- -- --
Line 8 Households4 FA153050005 -- -- -- -- -- -- -- -- --
Line 9 Life insurance companies FA543050005 -- -- -- -- -- -- -- -- --
Line 10 Rest of the world FA543151905 -- -- -- -- -- -- -- -- --
 
Memo:
Line 11 Individual Retirement Accounts (IRAs)5 FA893131573 -- -- -- -- -- -- -- -- --
Line 12 U.S.-chartered depository institutions FA763131573 -- -- -- -- -- -- -- -- --
Line 13 Credit unions FA473131573 -- -- -- -- -- -- -- -- --
Line 14 Life insurance companies FA543131503 -- -- -- -- -- -- -- -- --
Line 15 Money market funds FA633131573 -- -- -- -- -- -- -- -- --
Line 16 Mutual funds FA653131573 -- -- -- -- -- -- -- -- --
Line 17 Other self-directed accounts FA153131575 -- -- -- -- -- -- -- -- --

Notes:

  1. Annuities, including those in IRAs.
  2. Includes unallocated insurance company contracts beginning 1985:Q4.
  3. Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government pension funds.
  4. Includes public and private defined benefit and defined contribution pension plans, and annuities at life insurance companies. Annuities include those held in individual retirement accounts (IRAs). Social Security is excluded.
  5. Asset of the household and nonprofit organizations sector (table F.101). Figures for depositories (lines 12 and 13) include Keogh accounts. Variable annuities in IRAs are included in the life insurance sector (line 14) and excluded from the money market fund and mutual fund sectors (lines 15 and 16).

Last Update: March 9, 2026