Financial Accounts of the United States - Z.1
L.229 Pension entitlements
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total liabilities | FL893150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Life insurance companies1 | FL543150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Private pension funds2 | FL574190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Federal government pension funds3 | FL344090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | State and local govt. pension funds | FL224190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Rest of the world | FL263150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Total assets | FL893150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Households4 | FL153050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Life insurance companies | FL543050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Rest of the world | FL543151905 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: | |||||||||||
| Line 11 | Individual Retirement Accounts (IRAs)5 | LM893131573 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | U.S.-chartered depository institutions | FL763131573 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Credit unions | FL473131573 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Life insurance companies | LM543131503 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Money market funds | FL633131573 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Mutual funds | LM653131573 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Other self-directed accounts | LM153131575 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Annuities, including those in IRAs.
- Includes unallocated insurance company contracts beginning 1985:Q4.
- Includes the Thrift Savings Plan, the National Railroad Retirement Investment Trust, and other federal government retirement funds.
- 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.
- Asset of the household and nonprofit organizations sector (tables L.101 and B.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