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

  1. Includes claims on sponsor (i.e., unfunded pension entitlements).
  2. Nonmarketable Treasury securities classified as loans and suspended reinvestments in the Thrift Savings Plan G Fund.
  3. Unfunded defined benefit pension entitlements. Negative values indicate overfunding.
  4. Actuarial value of projected pension entitlements in defined benefit plans and assets of defined contribution plans. These liabilities are assets of the household sector.
  5. Total defined benefit financial assets less defined benefit claims of pension fund on sponsor.
  6. Additional detail on defined benefit plans is available on table L.119.b.
  7. Additional detail on defined contribution plans is available on table L.119.c.
Last Update: June 7, 2024