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 | 2020 | 2021 | 2022 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal government retirement funds; total financial assets (1) | FL344090005 | 4383.3 | 4559.5 | 4529.6 | 4724.4 | 4582.9 | 4637.6 | 4642.4 | 4724.4 | 4793.4 | 1 |
| Federal government retirement funds; checkable deposits and currency held by National Railroad Retirement Investment Trust; asset | FL343020033 | 1 | 1.1 | 0.5 | 0.7 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 2 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 53 | 48.9 | 39.7 | 42.6 | 40.9 | 42.1 | 40.4 | 42.6 | 42.6 | 3 |
| Federal government retirement funds; Treasury securities; asset | LM343061105 | 23.9 | 22.2 | 18 | 19.3 | 18.5 | 19.3 | 18.5 | 19.3 | 19.3 | 4 |
| Federal government retirement funds; agency- and GSE-backed securities; asset | LM343061705 | 11.7 | 11.7 | 9.4 | 10.2 | 9.7 | 9.9 | 9.8 | 10.2 | 10.2 | 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 | 17.3 | 15 | 12.3 | 13 | 12.7 | 12.9 | 12.1 | 13 | 13.1 | 7 |
| Federal government retirement funds; other loans and advances; asset (2) | FL343069005 | 2273.5 | 2434.7 | 2680.2 | 2934.4 | 2637.2 | 2675.3 | 2717 | 2934.4 | 2925.6 | 8 |
| Federal government retirement funds; corporate equities; asset | LM343064105 | 418.6 | 524 | 418.7 | 533.9 | 448.8 | 485.1 | 474 | 533.9 | 585.1 | 9 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset (3) | FL343073045 | 1637.2 | 1550.8 | 1390.5 | 1213 | 1455.4 | 1434.6 | 1410.3 | 1213 | 1239.4 | 10 |
| Federal government retirement funds; total financial assets (4) | FL344090005 | 4383.3 | 4559.5 | 4529.6 | 4724.4 | 4582.9 | 4637.6 | 4642.4 | 4724.4 | 4793.4 | 11 |
| Federal government defined benefit retirement funds; total financial assets | FL344090045 | 3648.6 | 3732.6 | 3804.2 | 3881 | 3824.1 | 3843.3 | 3861 | 3881 | 3900.5 | 12 |
| Federal government defined benefit retirement funds; total funded assets (5) | FL342000075 | 2011.5 | 2181.8 | 2413.7 | 2668 | 2368.6 | 2408.8 | 2450.7 | 2668 | 2661.1 | 13 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset | FL343073045 | 1637.2 | 1550.8 | 1390.5 | 1213 | 1455.4 | 1434.6 | 1410.3 | 1213 | 1239.4 | 14 |
| Federal government defined benefit retirement funds; total financial assets (6) | FL344090045 | 3648.6 | 3732.6 | 3804.2 | 3881 | 3824.1 | 3843.3 | 3861 | 3881 | 3900.5 | 15 |
| Federal government defined contribution retirement funds; total financial assets (7) | FL344090055 | 734.6 | 826.9 | 725.4 | 843.4 | 758.8 | 794.3 | 781.3 | 843.4 | 892.9 | 16 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
- 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: June 7, 2024