Financial Accounts of the United States - Z.1
L.119 Federal Government Employee Retirement Funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal government retirement funds; total financial assets (1) | FL344090005 | 4559.6 | 3529.5 | 4314.9 | 4009.6 | 3748 | 3529.5 | 3582.4 | 3637.1 | 3641.6 | 1 |
| Federal government retirement funds; checkable deposits and currency held by National Railroad Retirement Investment Trust; asset | FL343020033 | 1.1 | 0.2 | 0.9 | 0.7 | 0.4 | 0.2 | 0 | 0 | 0 | 2 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 2483.6 | 2720 | 2512.1 | 2535.2 | 2580.1 | 2720 | 2405.3 | 2717.4 | 2757.8 | 3 |
| Federal government retirement funds; Treasury securities; asset (2) | LM343061105 | 2456.8 | 2698.2 | 2487.3 | 2512.9 | 2559 | 2698.2 | 2382.8 | 2694.5 | 2735.7 | 4 |
| Federal government retirement funds; agency- and GSE-backed securities; asset | LM343061705 | 11.7 | 9.4 | 11 | 10.2 | 9.7 | 9.4 | 9.7 | 9.9 | 9.7 | 5 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 |
| Federal government retirement funds; corporate and foreign bonds; asset | LM343063005 | 15 | 12.3 | 13.7 | 12 | 11.4 | 12.3 | 12.8 | 13 | 12.5 | 7 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability (3) | FL313169003 | 0 | 0 | 0 | 0 | 0 | 0 | 272.8 | 0 | 0 | 8 |
| Federal government retirement funds; corporate equities; asset | LM343064105 | 524 | 418.8 | 485.5 | 410.1 | 384.9 | 418.8 | 449 | 485.4 | 474.1 | 9 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset (4) | FL343073045 | 1550.9 | 390.6 | 1316.4 | 1063.6 | 782.6 | 390.6 | 455.3 | 434.2 | 409.7 | 10 |
| Federal government retirement funds; total financial assets (5) | FL344090005 | 4559.6 | 3529.5 | 4314.9 | 4009.6 | 3748 | 3529.5 | 3582.4 | 3637.1 | 3641.6 | 11 |
| Federal government defined benefit retirement funds; total financial assets | FL344090045 | 3732.7 | 2804.1 | 3500.8 | 3266.9 | 3034.1 | 2804.1 | 2823.6 | 2842.8 | 2860.3 | 12 |
| Federal government defined benefit retirement funds; total funded assets (6) | FL342000075 | 2181.8 | 2413.5 | 2184.4 | 2203.3 | 2251.5 | 2413.5 | 2368.3 | 2408.5 | 2450.6 | 13 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset | FL343073045 | 1550.9 | 390.6 | 1316.4 | 1063.6 | 782.6 | 390.6 | 455.3 | 434.2 | 409.7 | 14 |
| Federal government defined benefit retirement funds; total financial assets (7) | FL344090045 | 3732.7 | 2804.1 | 3500.8 | 3266.9 | 3034.1 | 2804.1 | 2823.6 | 2842.8 | 2860.3 | 15 |
| Federal government defined contribution retirement funds; total financial assets (8) | FL344090055 | 826.9 | 725.4 | 814.1 | 742.7 | 713.9 | 725.4 | 758.8 | 794.3 | 781.3 | 16 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Comprised primarily of nonmarketable Treasury securities.
- Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of projected pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
- Total defined benefit financial assets less defined benefit claims of pension fund on sponsor.
- Additional detail on defined benefit plans is available on table L.119.b.
- Additional detail on defined contribution plans is available on table L.119.c.
Last Update: December 7, 2023