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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal government retirement funds; total financial assets (1) | FL344090005 | 4547.7 | 4510.9 | 4691.8 | 4560.3 | 4611.3 | 4612.2 | 4691.8 | 4760.8 | 4796.3 | 1 |
| Federal government retirement funds; checkable deposits and currency held by National Railroad Retirement Investment Trust; asset | FL343020033 | 1.1 | 0.5 | 0.7 | 0.5 | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 | 2 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 48.9 | 39.7 | 43.3 | 40.9 | 42.1 | 40.4 | 43.3 | 43.3 | 42.3 | 3 |
| Federal government retirement funds; Treasury securities; asset | LM343061105 | 22.2 | 18 | 19.9 | 18.5 | 19.3 | 18.5 | 19.9 | 19.9 | 18.9 | 4 |
| Federal government retirement funds; agency- and GSE-backed securities; asset | LM343061705 | 11.7 | 9.4 | 10 | 9.7 | 9.9 | 9.8 | 10 | 10 | 10.1 | 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 | 13.3 | 12.7 | 12.9 | 12.1 | 13.3 | 13.4 | 13.3 | 7 |
| Federal government retirement funds; other loans and advances; asset (2) | FL343069005 | 2434.7 | 2680.2 | 2934.4 | 2637.2 | 2675.3 | 2717 | 2934.4 | 2925.6 | 2942.7 | 8 |
| Federal government retirement funds; corporate equities; asset | LM343064105 | 524 | 418.7 | 534.5 | 448.8 | 485.1 | 474 | 534.5 | 585.7 | 601.8 | 9 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset (3) | FL343073045 | 1539.1 | 1371.8 | 1179 | 1432.9 | 1408.2 | 1380.2 | 1179 | 1205.6 | 1208.8 | 10 |
| Federal government retirement funds; total financial assets (4) | FL344090005 | 4547.7 | 4510.9 | 4691.8 | 4560.3 | 4611.3 | 4612.2 | 4691.8 | 4760.8 | 4796.3 | 11 |
| Federal government defined benefit retirement funds; total financial assets | FL344090045 | 3720.8 | 3785.4 | 3847 | 3801.5 | 3817 | 3830.9 | 3847 | 3866.7 | 3885.8 | 12 |
| Federal government defined benefit retirement funds; total funded assets (5) | FL342000075 | 2181.8 | 2413.7 | 2668 | 2368.6 | 2408.8 | 2450.7 | 2668 | 2661.1 | 2677 | 13 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset | FL343073045 | 1539.1 | 1371.8 | 1179 | 1432.9 | 1408.2 | 1380.2 | 1179 | 1205.6 | 1208.8 | 14 |
| Federal government defined benefit retirement funds; total financial assets (6) | FL344090045 | 3720.8 | 3785.4 | 3847 | 3801.5 | 3817 | 3830.9 | 3847 | 3866.7 | 3885.8 | 15 |
| Federal government defined contribution retirement funds; total financial assets (7) | FL344090055 | 826.9 | 725.4 | 844.8 | 758.8 | 794.3 | 781.3 | 844.8 | 894.2 | 910.5 | 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: September 12, 2024