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 | 2016 | 2017 | 2018 | 2019 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 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 | 0.4 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 1 |
| State and local government employee retirement funds; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA225013005 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 2 |
| State and local government employee retirement funds; total financial assets (1) | FA224090005 | 206.3 | 238.3 | 225.3 | 249.9 | 276.2 | 239.1 | 229.1 | 255.1 | 208.7 | 3 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FA223020043 | 1.9 | -10.4 | -1.3 | 2.7 | 8.4 | -8.1 | -3.4 | 13.8 | 31.6 | 4 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FA223030043 | 0.5 | -0.4 | -0.3 | 0.2 | 0.6 | -0.6 | -0.3 | 1.0 | 0.6 | 5 |
| State and local government employee retirement funds; money market fund shares; asset | FA223034005 | 11.1 | -3.0 | -1.2 | 5.4 | 16.7 | -16.1 | -6.6 | 27.5 | 65.7 | 6 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FA222051043 | 1.0 | -0.2 | -0.1 | 0.4 | 1.3 | -1.3 | -0.5 | 2.2 | 1.3 | 7 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | FA224022045 | 5.3 | 52.5 | 70.0 | 37.8 | 70.3 | 78.1 | -44.9 | 47.7 | 156.7 | 8 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FA223069143 | 11.7 | -2.2 | -1.2 | 4.9 | 15.3 | -14.7 | -6.1 | 25.1 | -2.3 | 9 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | FA223061143 | 48.1 | 70.9 | 57.7 | 2.9 | 47.3 | 33.5 | -88.5 | 19.3 | 8.7 | 10 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | FA223061743 | -0.2 | 8.7 | 14.6 | -1.3 | 19.6 | 3.6 | -29.1 | 0.8 | 56.2 | 11 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | FA223062043 | 0.2 | 0.7 | 0.8 | -1.0 | -3.8 | -0.2 | -0.1 | 0.0 | -3.1 | 12 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | FA223063045 | -54.5 | -25.4 | -2.0 | 32.3 | -8.1 | 55.9 | 79.1 | 2.5 | 97.3 | 13 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FA223065043 | 6.5 | -7.6 | 5.6 | 0.6 | 2.6 | -1.0 | 4.9 | -4.1 | 1.8 | 14 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | FA223064145 | -93.5 | -61.9 | -27.6 | -112.4 | -122.4 | -96.5 | 33.6 | -264.4 | -298.2 | 15 |
| State and local government employee retirement funds; mutual fund shares; asset | FA223064205 | -30.3 | 1.3 | 23.3 | -5.8 | -54.0 | 5.9 | -68.8 | 93.7 | -45.2 | 16 |
| State and local government employee retirement funds; miscellaneous assets | FA223090005 | 303.8 | 267.9 | 156.8 | 321.1 | 352.6 | 278.8 | 315.1 | 337.8 | 294.4 | 17 |
| State and local government employee defined contribution retirement funds; unallocated insurance contracts; asset (2) | FA223095505 | 24.4 | 13.5 | 1.2 | 14.4 | 35.1 | 12.2 | -1.2 | 11.5 | -8.7 | 18 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (3) | FA223073045 | 246.7 | 210.6 | 149.8 | 277.4 | 286.5 | 235.0 | 363.4 | 224.8 | 369.6 | 19 |
| State and local government employee retirement funds; miscellaneous assets | FA223093005 | 32.7 | 43.9 | 5.9 | 29.2 | 30.9 | 31.5 | -47.1 | 101.5 | -66.4 | 20 |
| State and local government employee retirement funds; pension entitlements (total liabilities) | FA224190005 | 206.3 | 238.4 | 225.4 | 249.9 | 276.2 | 239.2 | 229.2 | 255.1 | 208.7 | 21 |
| State and local government employee defined benefit retirement funds; total financial assets (4) | FA224090045 | 235.2 | 233.1 | 230.4 | 231.6 | 231.6 | 231.6 | 231.6 | 231.6 | 231.6 | 22 |
| State and local government employee defined contribution retirement funds; total financial assets (5) | FA224090055 | -28.9 | 5.2 | -5.0 | 18.3 | 44.6 | 7.6 | -2.5 | 23.5 | -22.9 | 23 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Includes products sold by life insurance companies, such as variable annuities and guaranteed investment contracts.
- 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 11, 2020