Financial Accounts of the United States - Z.1
S129.2.s Federal government employee pension funds 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets(1) | FL344090005 | 4676.4 | 4834.4 | 5047.4 | 4834.4 | 4828.7 | 4916.7 | 4991.7 | 5047.4 | 5047.8 |
| Line 2 | Checkable deposits and currency | FL343020033 | 0.7 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 |
| Line 3 | Debt securities | LM344022005 | 43.2 | 44.8 | 49.4 | 44.8 | 46.2 | 46.8 | 48.8 | 49.4 | 48.0 |
| Line 4 | Treasury securities | LM343061105 | 19.9 | 21.0 | 22.7 | 21.0 | 21.7 | 21.6 | 22.5 | 22.7 | 22.2 |
| Line 5 | Agency- and GSE-backed securities | LM343061705 | 10.0 | 10.1 | 11.3 | 10.1 | 10.4 | 10.6 | 11.1 | 11.3 | 10.9 |
| Line 6 | Municipal securities | LM343062033 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 7 | Corporate and foreign bonds | LM343063005 | 13.3 | 13.7 | 15.4 | 13.7 | 14.1 | 14.5 | 15.2 | 15.4 | 14.9 |
| Line 8 | Loans (other loans and advances)(2) | FL343069005 | 2934.4 | 3176.0 | 3563.4 | 3176.0 | 3161.7 | 3031.3 | 3258.5 | 3563.4 | 3566.4 |
| Line 9 | Corporate equities | LM343064105 | 534.5 | 650.7 | 734.0 | 650.7 | 599.6 | 664.5 | 718.5 | 734.0 | 704.2 |
| Line 10 | Claims of pension fund on sponsor (misc. assets)(3) | FL343073045 | 1163.7 | 962.0 | 699.7 | 962.0 | 1020.4 | 1173.2 | 965.0 | 699.7 | 728.3 |
| Line 11 | Pension entitlements (liabilities)(4) | FL344090005 | 4676.4 | 4834.4 | 5047.4 | 4834.4 | 4828.7 | 4916.7 | 4991.7 | 5047.4 | 5047.8 |
| Memo: | |||||||||||
| Line 12 | Pension entitlements of defined benefit plans | FL344090045 | 3831.7 | 3871.9 | 3952.6 | 3871.9 | 3891.5 | 3912.4 | 3933.0 | 3952.6 | 3971.8 |
| Line 13 | Funded by assets(5) | FL342000075 | 2668.0 | 2910.0 | 3253.0 | 2910.0 | 2871.1 | 2739.2 | 2968.0 | 3253.0 | 3243.5 |
| Line 14 | Unfunded (line 10) | FL343073045 | 1163.7 | 962.0 | 699.7 | 962.0 | 1020.4 | 1173.2 | 965.0 | 699.7 | 728.3 |
| Total financial assets | |||||||||||
| Line 15 | Defined benefit plans(6) | FL344090045 | 3831.7 | 3871.9 | 3952.6 | 3871.9 | 3891.5 | 3912.4 | 3933.0 | 3952.6 | 3971.8 |
| Line 16 | Defined contribution plans(7) | FL344090055 | 844.8 | 962.5 | 1094.7 | 962.5 | 937.2 | 1004.2 | 1058.7 | 1094.7 | 1076.0 |
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 S129s1.2.s.
- Additional detail on defined contribution plans is available on table S129s2.2.s.
Last Update: June 11, 2026