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Release Date: September 18, 2015
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L.120 State and Local Government Employee Retirement Funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2014 Q2 |
2014 Q3 |
2014 Q4 |
2015 Q1 |
2015 Q2 |
Line |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets | 4285.0 | 4781.0 | 4934.9 | 5128.8 | 5312.1 | 5500.1 | 5406.2 | 5449.7 | 5500.1 | 5549.0 | 5598.1 | 1 |
| State and local government employee retirement funds; checkable deposits and currency; asset | 3.5 | 4.0 | 4.4 | 4.4 | 4.5 | 5.2 | 5.4 | 5.6 | 5.2 | 5.6 | 5.4 | 2 |
| State and local government employee retirement funds; total time and savings deposits; asset | 29.1 | 34.1 | 36.0 | 32.9 | 35.4 | 39.9 | 37.1 | 38.5 | 39.9 | 42.9 | 45.2 | 3 |
| State and local government employee retirement funds; money market mutual fund shares; asset | 39.7 | 41.8 | 42.6 | 38.9 | 42.3 | 48.1 | 44.4 | 45.5 | 48.1 | 51.0 | 54.4 | 4 |
| State and local government employee retirement funds; security repurchase agreements; asset | 2.9 | 3.2 | 3.3 | 3.1 | 3.3 | 3.7 | 3.4 | 3.6 | 3.7 | 4.0 | 4.2 | 5 |
| State and local government employee retirement funds; debt securities; asset | 731.7 | 758.1 | 764.6 | 763.7 | 851.1 | 896.0 | 870.8 | 888.8 | 896.0 | 865.9 | 873.4 | 6 |
| State and local government employee retirement funds; commercial paper; asset | 36.2 | 40.3 | 42.1 | 38.5 | 41.4 | 46.4 | 43.7 | 45.5 | 46.4 | 50.5 | 53.2 | 7 |
| State and local government employee retirement funds; Treasury securities; asset | 155.9 | 167.1 | 176.5 | 188.8 | 201.1 | 189.1 | 202.1 | 197.6 | 189.1 | 174.0 | 171.2 | 8 |
| State and local government employee retirement funds; agency- and GSE-backed securities; asset | 162.3 | 164.6 | 137.3 | 112.0 | 114.6 | 110.2 | 116.4 | 113.8 | 110.2 | 101.8 | 100.1 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | 1.4 | 2.2 | 1.7 | 1.8 | 3.1 | 4.2 | 3.1 | 3.4 | 4.2 | 2.7 | 4.1 | 10 |
| State and local government employee defined benefit retirement funds; domestic corporate bonds; asset | 375.8 | 383.8 | 407.0 | 422.5 | 490.8 | 546.1 | 505.6 | 528.4 | 546.1 | 536.9 | 544.7 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | 11.9 | 11.6 | 11.0 | 10.0 | 9.4 | 9.2 | 9.7 | 9.2 | 9.2 | 6.8 | 7.2 | 12 |
| State and local government employee retirement funds; corporate equities; asset | 1689.7 | 1866.5 | 1777.5 | 1944.0 | 2332.3 | 2446.9 | 2367.2 | 2346.9 | 2446.9 | 2526.5 | 2489.0 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | 327.2 | 358.4 | 292.2 | 306.2 | 395.5 | 429.1 | 420.7 | 418.8 | 429.1 | 441.4 | 450.0 | 14 |
| State and local government employee retirement funds; miscellaneous assets | 1449.3 | 1703.3 | 2003.4 | 2025.6 | 1638.4 | 1622.0 | 1647.4 | 1692.9 | 1622.0 | 1605.0 | 1669.1 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset | 135.6 | 151.1 | 139.7 | 136.4 | 130.8 | 136.5 | 135.6 | 134.3 | 136.5 | 138.3 | 140.2 | 16 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | 1231.6 | 1454.8 | 1764.6 | 1793.3 | 1401.4 | 1377.1 | 1400.4 | 1448.5 | 1377.1 | 1354.5 | 1415.4 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | 82.1 | 97.5 | 99.1 | 95.9 | 106.2 | 108.4 | 111.4 | 110.0 | 108.4 | 112.2 | 113.6 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | 4389.7 | 4887.5 | 5045.7 | 5252.9 | 5458.1 | 5659.4 | 5566.6 | 5606.6 | 5659.4 | 5710.9 | 5762.6 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | 3959.8 | 4408.7 | 4604.1 | 4789.6 | 4950.6 | 5130.0 | 5040.5 | 5085.5 | 5130.0 | 5174.5 | 5219.0 | 20 |
| State and local government employee retirement funds; total funded assets | 2728.2 | 2953.9 | 2839.5 | 2996.3 | 3549.3 | 3752.9 | 3640.1 | 3637.0 | 3752.9 | 3820.0 | 3803.5 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | 1231.6 | 1454.8 | 1764.6 | 1793.3 | 1401.4 | 1377.1 | 1400.4 | 1448.5 | 1377.1 | 1354.5 | 1415.4 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets | 3855.2 | 4302.2 | 4493.3 | 4665.5 | 4804.6 | 4970.6 | 4880.1 | 4928.6 | 4970.6 | 5012.5 | 5054.4 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets | 429.8 | 478.8 | 441.6 | 463.3 | 507.5 | 529.4 | 526.1 | 521.0 | 529.4 | 536.5 | 543.7 | 24 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Assets of defined contribution funds held at life insurance companies.
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued pension entitlements. These liabilities are assets of the household sector.
- Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
- Additional detail on defined benefit plans and defined contribution plans is available on tables L.120.b and L.120.c.
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