Financial Accounts of the United States - Z.1
L.119 Federal government employee pension funds
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets1 | FL344090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Checkable deposits and currency | FL343020033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Debt securities | LM344022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Treasury securities | LM343061105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Agency- and GSE-backed securities | LM343061705 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Municipal securities | LM343062033 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Corporate and foreign bonds | LM343063005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Loans (other loans and advances)2 | FL343069005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Corporate equities | LM343064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Claims of pension fund on sponsor (misc. assets)3 | FL343073045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Pension entitlements (liabilities)4 | FL344090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: | |||||||||||
| Line 12 | Pension entitlements of defined benefit plans | FL344090045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Funded by assets5 | FL342000075 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Unfunded (line 10) | FL343073045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total financial assets | |||||||||||
| Line 15 | Defined benefit plans6 | FL344090045 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Defined contribution plans7 | FL344090055 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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: March 9, 2026