National Association of State Retirement Administrators


Public Pension Assets

Quarterly Update (Q1 2020)

The Federal Reserve publishes data on state and local defined benefit assets on a quarterly basis. As of the first quarter of 2020 (March 31), public pension assets were $4.05 trillion, a decrease of approximately 15.2 percent, from $4.78 trillion as reported for the prior quarter and lower than the same quarter one year ago by some $369 billion, or 8.3 percent. The next release is scheduled for September 2020.

Quarterly Change in State & Local Defined Benefit Assets, 2003-2020 



Annual Update

The Federal Reserve reported in March 2020 that the combined value of defined benefit plan assets held by state and local governments as of Q4 2019 increased by 15.6 percent, to $4.82 trillion, from $4.17 trillion as of Q4 2018. 

Annual Change in State & Local Defined Benefit Assets, 2003-2019