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 | 2014 | 2015 | 2016 | 2017 | 2017 Q1 | 2017 Q2 | 2017 Q3 | 2017 Q4 | 2018 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; total financial assets (1) | FL224090005 | 5562.6 | 5823.7 | 6021.5 | 6299.3 | 6089.8 | 6155.5 | 6221.8 | 6299.3 | 6352.1 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 35.6 | 39.1 | 50.4 | 44.4 | 49.1 | 48.5 | 50.3 | 44.4 | 42.9 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 3.1 | 2.4 | 2.9 | 2.6 | 2.9 | 2.8 | 2.9 | 2.6 | 2.5 | 3 |
| State and local government employee retirement funds; money market fund shares; asset | FL223034005 | 55.1 | 55.8 | 68.5 | 60.4 | 66.6 | 65.7 | 68 | 60.4 | 58.5 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 3.8 | 3.9 | 5.1 | 4.5 | 5 | 4.9 | 5.1 | 4.5 | 4.3 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 910.9 | 876.3 | 909.8 | 1008.1 | 930.7 | 960.9 | 979.6 | 1008.1 | 1005.1 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 44.5 | 45 | 58.8 | 51.7 | 57.2 | 56.5 | 58.6 | 51.7 | 50 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 200.5 | 174.2 | 189.7 | 227.6 | 196.6 | 210.9 | 212 | 227.6 | 232.9 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 112.9 | 100.2 | 113.6 | 136.3 | 117.7 | 126.3 | 127 | 136.3 | 140.5 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 2.4 | 2.5 | 2 | 3.2 | 2.3 | 2.5 | 2.2 | 3.2 | 3.4 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 550.6 | 554.4 | 545.8 | 589.2 | 556.9 | 564.6 | 579.9 | 589.2 | 578.3 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 8.3 | 8.4 | 8.3 | 7.8 | 7.7 | 9.2 | 9.1 | 7.8 | 7.6 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2285.9 | 2241 | 2297.4 | 2610.9 | 2379.1 | 2443.2 | 2527.9 | 2610.9 | 2540.1 | 13 |
| State and local government employee retirement funds; mutual fund shares; asset | LM223064205 | 448.2 | 476.9 | 448.5 | 501 | 471.9 | 481.1 | 483.8 | 501 | 492.5 | 14 |
| State and local government employee retirement funds; miscellaneous assets | FL223090005 | 1811.7 | 2120 | 2230.6 | 2059.7 | 2177 | 2139.2 | 2095.1 | 2059.7 | 2198.6 | 15 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FL223095505 | 144.9 | 144.5 | 138.3 | 154.4 | 139.7 | 142.3 | 147.1 | 154.4 | 153.3 | 16 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FL223073045 | 1499.5 | 1806.4 | 1880 | 1674 | 1818.7 | 1775.7 | 1724.5 | 1674 | 1811.6 | 17 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FL223093005 | 167.3 | 169.1 | 212.4 | 231.3 | 218.5 | 221.1 | 223.5 | 231.3 | 233.7 | 18 |
| State and local government employee retirement funds; pension entitlements (total liabilities) (4) | FL224190005 | 5718.3 | 5964.7 | 6160 | 6453.8 | 6232.8 | 6302.1 | 6372.2 | 6453.8 | 6508.1 | 19 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) | FL224190043 | 5236.7 | 5488.8 | 5721.5 | 5955.9 | 5780.1 | 5838.7 | 5897.3 | 5955.9 | 6014.6 | 20 |
| State and local government employee defined benefit retirement funds; total funded assets (5) | FL222000075 | 3737.2 | 3682.4 | 3841.5 | 4281.9 | 3961.4 | 4063 | 4172.8 | 4281.9 | 4203 | 21 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset | FL223073045 | 1499.5 | 1806.4 | 1880 | 1674 | 1818.7 | 1775.7 | 1724.5 | 1674 | 1811.6 | 22 |
| State and local government employee defined benefit retirement funds; total financial assets (6) | FL224090045 | 5081.1 | 5347.9 | 5583 | 5801.4 | 5637.2 | 5692.1 | 5746.9 | 5801.4 | 5858.6 | 23 |
| State and local government employee defined contribution retirement funds; total financial assets (7) | FL224090055 | 481.6 | 475.9 | 438.5 | 497.8 | 452.7 | 463.3 | 474.9 | 497.8 | 493.6 | 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 is available on table L.120.b.
- Additional detail on defined contribution plans is available on table L.120.c.
Last Update: June 7, 2018