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 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal government retirement funds; total financial assets (1) | FL344090005 | 4391.3 | 4563.9 | 4538.1 | 4513.7 | 4563.9 | 4570.4 | 4516.2 | 4505.8 | 4538.1 | 1 |
| Federal government retirement funds; checkable deposits and currency held by National Railroad Retirement Investment Trust; asset | FL343020033 | 1.0 | 1.5 | 2.0 | 1.3 | 1.5 | 1.6 | 1.7 | 1.9 | 2.0 | 2 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 2326.6 | 2483.6 | 2719.1 | 2140.4 | 2483.6 | 2512.1 | 2535.2 | 2580.0 | 2719.1 | 3 |
| Federal government retirement funds; Treasury securities; asset (2) | LM343061105 | 2297.5 | 2456.8 | 2697.8 | 2113.7 | 2456.8 | 2487.3 | 2512.9 | 2559.2 | 2697.8 | 4 |
| Federal government retirement funds; agency- and GSE-backed securities; asset | LM343061705 | 11.7 | 11.7 | 9.8 | 10.8 | 11.7 | 11.0 | 10.2 | 9.7 | 9.8 | 5 |
| Federal government retirement funds; municipal securities held by National Railroad Retirement Investment Trust; asset | LM343062033 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6 |
| Federal government retirement funds; corporate and foreign bonds; asset | LM343063005 | 17.3 | 15.0 | 11.4 | 15.8 | 15.0 | 13.7 | 12.0 | 11.1 | 11.4 | 7 |
| Federal government; other loans and advances due to federal government defined contribution retirement funds; liability (3) | FL313169003 | 0.0 | 0.0 | 0.0 | 180.6 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 8 |
| Federal government retirement funds; corporate equities; asset | LM343064105 | 418.6 | 524.0 | 419.3 | 483.8 | 524.0 | 485.6 | 410.1 | 385.1 | 419.3 | 9 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset (4) | FL343073045 | 1645.2 | 1554.8 | 1397.7 | 1707.6 | 1554.8 | 1571.1 | 1569.1 | 1538.9 | 1397.7 | 10 |
| Federal government retirement funds; total financial assets (5) | FL344090005 | 4391.3 | 4563.9 | 4538.1 | 4513.7 | 4563.9 | 4570.4 | 4516.2 | 4505.8 | 4538.1 | 11 |
| Federal government defined benefit retirement funds; total financial assets | FL344090045 | 3656.7 | 3737.0 | 3812.8 | 3716.3 | 3737.0 | 3756.3 | 3773.5 | 3791.9 | 3812.8 | 12 |
| Federal government defined benefit retirement funds; total funded assets (6) | FL342000075 | 2011.5 | 2182.2 | 2415.1 | 2008.7 | 2182.2 | 2185.2 | 2204.4 | 2253.0 | 2415.1 | 13 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset | FL343073045 | 1645.2 | 1554.8 | 1397.7 | 1707.6 | 1554.8 | 1571.1 | 1569.1 | 1538.9 | 1397.7 | 14 |
| Federal government defined benefit retirement funds; total financial assets (7) | FL344090045 | 3656.7 | 3737.0 | 3812.8 | 3716.3 | 3737.0 | 3756.3 | 3773.5 | 3791.9 | 3812.8 | 15 |
| Federal government defined contribution retirement funds; total financial assets (8) | FL344090055 | 734.6 | 826.9 | 725.3 | 797.4 | 826.9 | 814.1 | 742.7 | 713.9 | 725.3 | 16 |
NOTES
- Includes claims on sponsor (i.e., unfunded pension entitlements).
- Comprised primarily of nonmarketable Treasury securities.
- Suspended investments in the Thrift Savings Plan G Fund by the Treasury.
- 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, 2023