National Association of State Retirement Administrators

Public Pension Assets

Quarterly Update (Q4 2018)

The Federal Reserve publishes data on state and local defined benefit assets on a quarterly basis. As of the fourth quarter of 2018 (December 31), public pension assets were $3.91 trillion, a decrease of approximately 10 percent, from $4.34 trillion as reported for the prior quarter and lower than the same quarter one year ago by some $370 billion, or 8.6 percent. The next release is scheduled for June 2019.

Quarterly Change in State & Local Defined Benefit Assets, 2003-2018 

Annual Update

The Federal Reserve reported in March 2019 that the combined value of defined benefit plan assets held by state and local governments as of Q4 2018 decreased by 8.6 percent, to $3.91 trillion, from $4.28 trillion as of Q4 2017. 

Annual Change in State & Local Defined Benefit Assets, 2003-2018