L.120 State and Local Government Employee Retirement Funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2015 2016 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2 2017 Q3 Line
State and local government employee retirement funds; total financial assets (1) FL224090005 5823.7 6081.6 5888.3 5952.9 6018.9 6081.6 6152.3 6219.3 6293.8 1
State and local government employee defined benefit retirement funds; checkable deposits and currency; asset FL223020043 39.1 50.2 37.8 40.4 43.8 50.2 48.8 47.4 49.1 2
State and local government employee defined benefit retirement funds; total time and savings deposits; asset FL223030043 2.4 2.9 2.3 2.4 2.6 2.9 2.8 2.8 2.9 3
State and local government employee retirement funds; money market mutual fund shares; asset FL223034005 55.8 69.3 53.5 57 61.2 69.3 67.2 65.2 67.4 4
State and local government employee defined benefit retirement funds; security repurchase agreements; asset FL222051043 3.9 5.1 3.8 4.1 4.4 5.1 4.9 4.8 4.9 5
State and local government employee defined benefit retirement funds retirement funds; debt securities; asset LM224022045 876.3 919.2 894.2 910.4 926.6 919.2 941.5 965.1 985.6 6
State and local government employee defined benefit retirement funds; commercial paper; asset FL223069143 45 58.5 43.8 47.1 51 58.5 56.8 55.2 57.2 7
State and local government employee defined benefit retirement funds; Treasury securities; asset LM223061143 174.2 191.1 169.2 183.3 189.9 191.1 198.7 207.6 215.5 8
State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset LM223061743 100.2 114.4 99.7 109.8 113.7 114.4 119 124.3 128.6 9
State and local government employee defined benefit retirement funds; municipal securities; asset LM223062043 2.5 2 2.5 2.6 2 2 2.2 2.6 2.6 10
State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset LM223063045 554.4 553.2 579 567.6 570 553.2 564.8 575.4 581.7 11
State and local government employee defined benefit retirement funds; total mortgages; asset FL223065043 8.4 8.3 9 9.4 8.8 8.3 7.7 9.1 9 12
State and local government employee defined benefit retirement funds; corporate equities; asset LM223064145 2241 2316.3 2244.4 2247.3 2309.5 2316.3 2405.2 2473.5 2548.4 13
State and local government employee retirement funds; mutual fund shares; asset LM223064205 476.9 479.4 473.5 487 500.4 479.4 500.5 506.5 519.2 14
State and local government employee retirement funds; miscellaneous assets FL223090005 2120 2230.9 2170 2195 2161.8 2230.9 2173.6 2145.1 2107.3 15
State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) FL223095505 144.5 155.1 148.4 150.5 152.6 155.1 157.3 160.1 165.4 16
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) FL223073045 1806.4 1870.1 1850.9 1865.2 1826.6 1870.1 1806.9 1775.3 1727.9 17
State and local government employee retirement funds; unidentified miscellaneous assets FL223093005 169.1 205.7 170.6 179.4 182.6 205.7 209.5 209.7 214.1 18
State and local government employee retirement funds; pension entitlements (total liabilities) (4) FL224190005 5964.7 6220.2 6025.3 6087.7 6157.1 6220.2 6295.4 6365.6 6440.9 19
State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) FL224190043 5488.8 5721.5 5546.5 5604.4 5662.9 5721.5 5780.1 5838.7 5897.3 20
State and local government employee defined benefit retirement funds; total funded assets (5) FL222000075 3682.4 3851.4 3695.6 3739.2 3836.2 3851.4 3973.2 4063.5 4169.5 21
State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset FL223073045 1806.4 1870.1 1850.9 1865.2 1826.6 1870.1 1806.9 1775.3 1727.9 22
State and local government employee defined benefit retirement funds; total financial assets (6) FL224090045 5347.9 5582.9 5409.5 5469.6 5524.7 5582.9 5637 5692.4 5750.2 23
State and local government employee defined contribution retirement funds; total financial assets (7) FL224090055 475.9 498.7 478.8 483.3 494.3 498.7 515.3 526.9 543.6 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: December 7, 2017