Financial Accounts of the United States - Z.1
L.120 State and Local Government Employee Retirement Funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2013 | 2014 | 2015 | 2016 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets (1) | FL224090005 | 5337.1 | 5559.4 | 5818.5 | 6102.8 | 5888.3 | 5958.1 | 6031.9 | 6102.8 | 6190.6 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 4.1 | 4.4 | 4.5 | 5.3 | 4.2 | 4.4 | 4.6 | 5.3 | 5.5 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030045 | 34.7 | 37.9 | 38.1 | 45.7 | 36.4 | 37.9 | 39.1 | 45.7 | 46.7 | 3 |
| State and local government employee retirement funds; money market mutual fund shares; asset | FL223034005 | 48.6 | 51.6 | 51.8 | 59.7 | 48.8 | 50.6 | 51.9 | 59.7 | 60.6 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 3.3 | 3.6 | 3.6 | 4.3 | 3.4 | 3.6 | 3.7 | 4.3 | 4.4 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FL224022045 | 816.0 | 836.4 | 855.7 | 912.8 | 870.2 | 890.1 | 910.1 | 912.8 | 919.2 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 37.8 | 41.3 | 41.5 | 49.8 | 39.6 | 41.3 | 42.6 | 49.8 | 50.9 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FL223061143 | 188.3 | 181.3 | 174.8 | 187.2 | 175.6 | 182.2 | 187.3 | 187.2 | 187.9 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FL223061743 | 106.3 | 102.2 | 95.5 | 102.3 | 95.9 | 99.6 | 102.4 | 102.3 | 102.3 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FL223062043 | 2.4 | 2.2 | 2.0 | 1.7 | 2.4 | 2.4 | 2.1 | 1.7 | 1.7 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FL223063045 | 481.2 | 509.3 | 541.9 | 571.8 | 556.7 | 564.4 | 575.6 | 571.8 | 576.5 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 9.5 | 10.0 | 9.6 | 6.4 | 8.3 | 8.3 | 6.8 | 6.4 | 5.9 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2172.1 | 2257.8 | 2157.2 | 2237.0 | 2155.1 | 2175.8 | 2241.8 | 2237.0 | 2340.5 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | LM223064205 | 505.9 | 540.5 | 554.4 | 551.4 | 551.2 | 558.0 | 570.8 | 551.4 | 578.0 | 14 |
| State and local government employee retirement funds; miscellaneous assets | FL223090005 | 1743.0 | 1817.3 | 2143.6 | 2280.0 | 2210.7 | 2229.4 | 2203.2 | 2280.0 | 2229.7 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 150.7 | 144.9 | 143.3 | 153.8 | 147.1 | 148.5 | 151.2 | 153.8 | 160.8 | 16 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FL223073045 | 1437.5 | 1503.7 | 1831.6 | 1932.9 | 1898.4 | 1915.8 | 1884.1 | 1932.9 | 1871.5 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FL223093005 | 154.8 | 168.7 | 168.8 | 193.3 | 165.2 | 165.0 | 167.8 | 193.3 | 197.4 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) (4) | FL224190005 | 5483.6 | 5715.5 | 5966.6 | 6257.0 | 6036.5 | 6107.9 | 6185.6 | 6257.0 | 6345.4 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FL224190043 | 4986.9 | 5233.9 | 5496.0 | 5763.7 | 5562.9 | 5629.8 | 5696.8 | 5763.7 | 5830.6 | 20 |
| State and local government employee defined benefit retirement funds; total funded assets (5) | FL222000075 | 3549.4 | 3730.2 | 3664.4 | 3830.8 | 3664.5 | 3714.0 | 3812.6 | 3830.8 | 3959.1 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | FL223073045 | 1437.5 | 1503.7 | 1831.6 | 1932.9 | 1898.4 | 1915.8 | 1884.1 | 1932.9 | 1871.5 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets | FL224090045 | 4840.4 | 5077.9 | 5347.9 | 5609.4 | 5414.8 | 5480.0 | 5543.1 | 5609.4 | 5675.7 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets | FL224090055 | 496.7 | 481.6 | 470.6 | 493.4 | 473.6 | 478.1 | 488.9 | 493.4 | 514.8 | 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.
Last Update: June 8, 2017