Financial Accounts of the United States - Z.1
L.120.b State and Local Government Employee Retirement Funds Defined Benefit Plans
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2017 | 2018 | 2019 | 2020 | 2020 Q1 | 2020 Q2 | 2020 Q3 | 2020 Q4 | 2021 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| State and local government employee defined benefit retirement funds; total financial assets (1) | FL224090045 | 8238.0 | 8515.6 | 8729.1 | 8973.5 | 8808.7 | 8876.2 | 8943.1 | 8973.5 | 9036.4 | 1 |
| State and local government employee defined benefit retirement funds; checkable deposits and currency; asset | FL223020043 | 30.2 | 28.6 | 22.8 | 28.5 | 21.9 | 20.4 | 20.8 | 28.5 | 29.6 | 2 |
| State and local government employee defined benefit retirement funds; total time and savings deposits; asset | FL223030043 | 2.5 | 2.2 | 4.4 | 2.4 | 4.2 | 2.8 | 2.4 | 2.4 | 2.0 | 3 |
| State and local government employee defined benefit retirement funds; money market fund shares; asset | FL223034043 | 59.2 | 57.2 | 18.0 | 20.5 | 26.8 | 24.7 | 24.4 | 20.5 | 21.0 | 4 |
| State and local government employee defined benefit retirement funds; security repurchase agreements; asset | FL222051043 | 4.7 | 4.5 | 6.9 | 7.8 | 6.4 | 4.0 | 2.5 | 7.8 | 8.0 | 5 |
| State and local government employee defined benefit retirement funds retirement funds; debt securities; asset | LM224022045 | 955.0 | 975.6 | 962.2 | 1031.9 | 968.5 | 994.4 | 1017.1 | 1031.9 | 972.4 | 6 |
| State and local government employee defined benefit retirement funds; commercial paper; asset | FL223069143 | 54.0 | 52.1 | 10.7 | 6.3 | 13.8 | 9.0 | 9.1 | 6.3 | 5.5 | 7 |
| State and local government employee defined benefit retirement funds; Treasury securities; asset | LM223061143 | 289.4 | 367.9 | 341.1 | 353.2 | 333.8 | 303.6 | 324.1 | 353.2 | 332.6 | 8 |
| State and local government employee defined benefit retirement funds; agency- and GSE-backed securities; asset | LM223061743 | 109.5 | 141.8 | 166.1 | 192.0 | 177.3 | 184.4 | 195.7 | 192.0 | 192.6 | 9 |
| State and local government employee defined benefit retirement funds; municipal securities; asset | LM223062043 | 3.4 | 4.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10 |
| State and local government employee defined benefit retirement funds; corporate and foreign bonds; asset | LM223063045 | 498.8 | 409.8 | 444.4 | 480.4 | 443.6 | 497.3 | 488.2 | 480.4 | 441.7 | 11 |
| State and local government employee defined benefit retirement funds; total mortgages; asset | FL223065043 | 6.9 | 12.3 | 8.3 | 8.1 | 8.8 | 8.0 | 8.3 | 8.1 | 8.0 | 12 |
| State and local government employee defined benefit retirement funds; corporate equities; asset | LM223064145 | 2706.8 | 2478.6 | 2553.9 | 2773.8 | 2155.0 | 2354.7 | 2562.4 | 2773.8 | 2825.9 | 13 |
| State and local government employee defined benefit retirement funds; mutual fund shares; asset | LM223064243 | 264.0 | 270.5 | 158.7 | 181.2 | 130.1 | 148.7 | 155.3 | 181.2 | 187.6 | 14 |
| State and local government employee defined benefit retirement funds; miscellaneous assets | FL223090045 | 4208.6 | 4686.1 | 4993.7 | 4919.3 | 5487.0 | 5318.4 | 5149.8 | 4919.3 | 4981.9 | 15 |
| State and local government employee defined benefit retirement funds; claims of pension fund on sponsor; asset (2) | FL223073045 | 4017.1 | 4491.6 | 4184.0 | 4031.8 | 4766.2 | 4512.4 | 4385.7 | 4031.8 | 4045.6 | 16 |
| State and local government employee defined benefit retirement funds; unidentified miscellaneous assets | LM223093043 | 191.5 | 194.5 | 809.7 | 887.4 | 720.7 | 806.0 | 764.2 | 887.4 | 936.3 | 17 |
| State and local government employee defined benefit retirement funds; pension entitlements (total liabilities) (3) | FL224190043 | 8322.9 | 8584.8 | 8850.8 | 9117.9 | 8917.6 | 8984.4 | 9051.1 | 9117.9 | 9184.7 | 18 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued defined benefit pension entitlements. These liabilities are assets of the household sector.
Last Update: June 10, 2021