Financial Accounts of the United States - Z.1
L.119.b Federal Government Employee Retirement Funds Defined Benefit Plans (1)
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 defined benefit retirement funds; total financial assets (2) | FL344090045 | 3732.7 | 2804.1 | 3500.8 | 3266.9 | 3034.1 | 2804.1 | 2823.6 | 2842.8 | 2860.3 | 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 defined benefit retirement funds; debt securities; asset | LM344022045 | 2160.9 | 2397.4 | 2164.7 | 2185.8 | 2236 | 2397.4 | 2352 | 2391.8 | 2434.2 | 3 |
| Federal government defined benefit retirement funds; Treasury securities; asset (3) | LM343061165 | 2156.2 | 2393.2 | 2160.2 | 2181.8 | 2232 | 2393.2 | 2347.6 | 2387.4 | 2429.9 | 4 |
| Federal government retirement funds; agency- and GSE-backed securities held by National Railroad Retirement Investment Trust; asset | LM343061733 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 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 held by National Railroad Retirement Investment Trust; asset | LM343063033 | 4.1 | 3.7 | 3.9 | 3.5 | 3.5 | 3.7 | 3.8 | 3.9 | 3.8 | 7 |
| Federal government retirement funds; corporate equities held by National Railroad Retirement Investment Trust; asset | LM343064135 | 19.8 | 15.9 | 18.8 | 16.8 | 15.1 | 15.9 | 16.4 | 16.7 | 16.3 | 8 |
| 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 | 9 |
| Federal government defined benefit retirement funds; pension entitlements (total liabilities) (5) | FL344190045 | 3732.7 | 2804.1 | 3500.8 | 3266.9 | 3034.1 | 2804.1 | 2823.6 | 2842.8 | 2860.3 | 10 |
NOTES
- Includes Civil Service Retirement and Disability Fund, Railroad Retirement Board, judicial retirement fund, Military Retirement Fund, Foreign Service Retirement and Disability Fund, and the National Railroad Investment Trust.
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Comprised primarily of nonmarketable Treasury securities.
- Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
- Actuarial value of accrued pension entitlements in defined benefit plans. These liabilities are assets of the household sector.
Last Update: December 7, 2023