Pension Fund Assets
NASRA tracks total financial assets held by state & local government employment on a quarterly and annual basis. Data is provided by the U.S. Federal Reserve System and is compiled by NASRA staff.
Latest Update (Year-End 2012)
The Federal Reserve reported in March that the combined value of defined benefit plan assets held by state and local governments as of Q4 2012, increased to $3.05 trillion, from $2.82 trillion as of Q4 2011. The data is reported in the Flow of Funds report for March, 2013.
Most public pension funds distribute more in benefits than they collect in contributions; such negative cash flows typically are two to three percent of assets. Thus, in a given year with zero investment gains, a typical public pension fund’s assets will decline by two to three percent.
The Federal Reserve publishes data on state and local defined benefit assets on a quarterly basis. In the fourth quarter of 2012 assets fell slightly from $3.1 trillion to $3.0 trillion. The next release is scheduled for June 2013.