Financial Accounts of the United States - Z.1
F.120 State and Local Government Employee Retirement Funds
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2015 | 2016 | 2017 | 2018 | 2018 Q1 | 2018 Q2 | 2018 Q3 | 2018 Q4 | 2019 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee retirement funds; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis (gross saving) | FA226330005 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 1 |
| State and local government employee retirement funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA225013005 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 2 |
| State and local government employee retirement funds; total financial assets (1) | FA224090005 | 231.9 | 179.9 | 249.7 | 236.7 | 219.0 | 247.0 | 267.5 | 213.5 | 290.3 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 2.7 | 1.8 | -13.1 | -3.5 | -2.1 | -6.2 | -0.7 | -5.0 | -3.5 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | -0.7 | 0.5 | -0.4 | -0.3 | -0.2 | -0.6 | -0.1 | -0.5 | -0.3 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | 0.1 | 10.5 | -9.3 | -6.6 | -3.9 | -11.9 | -1.4 | -9.0 | -6.8 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 0.0 | 1.0 | -0.7 | -0.5 | -0.3 | -0.9 | -0.1 | -0.8 | -0.5 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 4.3 | 3.3 | 77.6 | 87.1 | 203.4 | -8.9 | 57.4 | 96.6 | 206.6 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | 0.0 | 11.7 | -8.1 | -6.1 | -3.7 | -10.8 | -1.3 | -8.7 | -6.1 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | -22.2 | 47.1 | 59.6 | 45.7 | 24.7 | 17.1 | 3.0 | 137.9 | 163.7 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | -10.9 | -0.8 | 2.4 | 6.9 | 5.9 | 6.6 | -2.9 | 18.0 | 26.9 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.1 | 0.2 | 1.1 | -0.6 | -3.4 | -0.9 | 0.1 | 1.7 | -0.6 | 12 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | 37.2 | -55.0 | 22.6 | 41.2 | 179.9 | -21.0 | 58.5 | -52.4 | 22.7 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | -0.1 | 6.5 | -10.8 | -1.0 | -4.2 | 1.4 | 0.6 | -1.8 | -1.0 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | 22.6 | -94.5 | -89.6 | -51.5 | -88.8 | -158.0 | -163.9 | 204.8 | -51.5 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | 30.8 | -49.4 | -4.2 | 12.7 | 25.4 | 22.8 | -52.4 | 55.1 | 40.3 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 172.2 | 300.3 | 300.2 | 200.3 | 89.7 | 409.3 | 428.2 | -126.0 | 107.0 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 0.5 | -6.7 | 9.0 | 11.4 | -6.7 | 9.4 | 22.6 | 20.3 | 22.2 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 172.5 | 245.0 | 247.0 | 184.6 | 80.6 | 363.9 | 400.1 | -106.0 | 65.2 | 19 |
| State and local government employee retirement funds; unidentified miscellaneous assets | FA223093005 | -0.8 | 62.0 | 44.2 | 4.3 | 15.8 | 36.0 | 5.5 | -40.3 | 19.7 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 231.8 | 179.9 | 249.7 | 236.7 | 219.0 | 247.0 | 267.5 | 213.4 | 290.3 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 232.0 | 232.6 | 232.7 | 236.5 | 236.5 | 236.5 | 236.5 | 236.5 | 236.5 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | -0.1 | -52.7 | 17.0 | 0.3 | -17.5 | 10.5 | 31.1 | -23.0 | 53.9 | 23 |
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.
- Additional detail on defined benefit plans is available on table F.120.b.
- Additional detail on defined contribution plans is available on table F.120.c.
Last Update: June 6, 2019