National Association of State Retirement Administrators


Public Pension Assets

Quarterly Update (Q2 2020)

The Federal Reserve publishes data on state and local defined benefit assets on a quarterly basis. As of the second quarter of 2020 (June 30), public pension assets were a reported $4.65 trillion, an increase of approximately 12.8 percent, from $4.12 trillion as reported for the prior quarter and higher than the same quarter one year ago by some $178 billion, or 4.0 percent. The next release is scheduled for December 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