L.120 State and Local Government Employee Retirement Funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2014 2015 2016 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 Line
State and local government employee retirement funds; total financial assets (1) FL224090005 5562.6 5823.7 6081.6 5888.3 5952.9 6018.9 6081.6 6152.3 6220.1 1
State and local government employee defined benefit retirement funds; checkable deposits and currency; asset FL223020043 35.6 39.1 50.5 37.8 40.4 43.7 50.5 50.5 53.6 2
State and local government employee defined benefit retirement funds; total time and savings deposits; asset FL223030043 3.1 2.4 3.0 2.3 2.4 2.6 3.0 2.9 3.1 3
State and local government employee retirement funds; money market mutual fund shares; asset FL223034005 55.1 55.8 69.8 53.5 57.0 61.1 69.8 69.4 73.3 4
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FL222051043 3.8 3.9 5.1 3.8 4.1 4.4 5.1 5.1 5.4 5
State and local government employee defined benefit retirement funds retirement funds; debt securities; asset LM224022045 910.9 876.3 920.1 894.2 910.4 926.5 920.1 954.1 982.6 6
State and local government employee defined benefit retirement funds; commercial paper; asset FL223069143 44.5 45.0 58.9 43.8 47.1 50.9 58.9 58.8 62.5 7
State and local government employee defined benefit retirement funds; Treasury securities; asset LM223061143 200.5 174.2 191.0 169.2 183.3 189.9 191.0 202.7 214.2 8
State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset LM223061743 112.9 100.2 114.4 99.7 109.8 113.7 114.4 121.4 128.3 9
State and local government employee defined benefit retirement funds; municipal securities; asset LM223062043 2.4 2.5 1.8 2.5 2.6 2.1 1.8 1.8 1.7 10
State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset LM223063045 550.6 554.4 553.9 579.0 567.6 569.9 553.9 569.3 575.9 11
State and local government employee defined benefit retirement funds; total mortgages; asset FL223065043 8.3 8.4 8.3 9.0 9.4 8.8 8.3 7.7 7.4 12
State and local government employee defined benefit retirement funds; corporate equities; asset LM223064145 2285.9 2241.0 2314.9 2244.4 2247.3 2309.7 2314.9 2398.9 2435.7 13
State and local government employee retirement funds; mutual fund shares; asset LM223064205 448.2 476.9 479.3 473.5 487.0 500.4 479.3 493.3 505.1 14
State and local government employee retirement funds; miscellaneous assets FL223090005 1811.7 2120.0 2230.6 2170.0 2195.0 2161.8 2230.6 2170.5 2154.0 15
State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) FL223095505 144.9 144.5 155.1 148.4 150.5 152.6 155.1 159.0 163.2 16
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) FL223073045 1499.5 1806.4 1869.8 1850.9 1865.2 1826.7 1869.8 1803.3 1777.0 17
State and local government employee retirement funds; unidentified miscellaneous assets FL223093005 167.3 169.1 205.7 170.6 179.4 182.6 205.7 208.2 213.8 18
State and local government employee retirement funds; pension entitlements (total liabilities) (4) FL224190005 5718.3 5964.7 6220.2 6025.3 6087.7 6157.1 6220.2 6295.4 6366.9 19
State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) FL224190043 5236.7 5488.8 5721.5 5546.5 5604.4 5662.9 5721.5 5780.1 5838.7 20
State and local government employee defined benefit retirement funds; total funded assets (5) FL222000075 3737.2 3682.4 3851.7 3695.6 3739.2 3836.2 3851.7 3976.8 4061.8 21
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset FL223073045 1499.5 1806.4 1869.8 1850.9 1865.2 1826.7 1869.8 1803.3 1777.0 22
State and local government employee defined benefit retirement funds; total financial assets (6) FL224090045 5081.1 5347.9 5582.9 5409.5 5469.6 5524.7 5582.9 5637.0 5691.9 23
State and local government employee defined contribution retirement funds; total financial assets (7) FL224090055 481.6 475.9 498.7 478.8 483.3 494.3 498.7 515.3 528.2 24

NOTES

  1. Includes claims on sponsor (i.e., unfunded pension entitlements).
  2. Assets of defined contribution funds held at life insurance companies.
  3. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  4. Actuarial value of accrued pension entitlements. These liabilities are assets of the household sector.
  5. Total defined benefit financial assets plus nonfinancial assets less claims of pension fund on sponsor.
  6. Additional detail on defined benefit plans is available on table L.120.b.
  7. Additional detail on defined contribution plans is available on table L.120.c.
Last Update: September 21, 2017