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 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Federal government retirement funds; total financial assets (1) | FL344090005 | 4547.7 | 4510.9 | 4691.8 | 4871.8 | 4757.4 | 4789.5 | 4848.3 | 4871.8 | 4861.7 | 1 |
| Federal government retirement funds; checkable deposits and currency held by National Railroad Retirement Investment Trust; asset | FL343020033 | 1.1 | 0.5 | 0.7 | 1.0 | 0.8 | 0.8 | 0.9 | 1.0 | 1.1 | 2 |
| Federal government retirement funds; debt securities; asset | LM344022005 | 48.9 | 39.7 | 43.2 | 44.2 | 43.3 | 42.2 | 45.6 | 44.2 | 45.4 | 3 |
| Federal government retirement funds; Treasury securities; asset | LM343061105 | 22.2 | 18.0 | 19.9 | 19.8 | 19.9 | 18.9 | 20.4 | 19.8 | 20.4 | 4 |
| Federal government retirement funds; agency- and GSE-backed securities; asset | LM343061705 | 11.7 | 9.4 | 10.0 | 10.5 | 10.0 | 10.1 | 10.7 | 10.5 | 10.8 | 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 | 15.0 | 12.3 | 13.3 | 13.8 | 13.4 | 13.3 | 14.4 | 13.8 | 14.1 | 7 |
| Federal government retirement funds; other loans and advances; asset (2) | FL343069005 | 2434.7 | 2680.2 | 2934.4 | 3176.0 | 2925.6 | 2942.7 | 2993.6 | 3176.0 | 3161.5 | 8 |
| Federal government retirement funds; corporate equities; asset | LM343064105 | 524.0 | 418.7 | 534.5 | 649.8 | 585.6 | 601.7 | 635.5 | 649.8 | 598.4 | 9 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset (3) | FL343073045 | 1539.1 | 1371.8 | 1179.0 | 1000.8 | 1202.2 | 1202.0 | 1172.7 | 1000.8 | 1055.2 | 10 |
| Federal government retirement funds; total financial assets (4) | FL344090005 | 4547.7 | 4510.9 | 4691.8 | 4871.8 | 4757.4 | 4789.5 | 4848.3 | 4871.8 | 4861.7 | 11 |
| Federal government defined benefit retirement funds; total financial assets | FL344090045 | 3720.8 | 3785.4 | 3847.0 | 3910.5 | 3863.3 | 3879.0 | 3895.4 | 3910.5 | 3925.8 | 12 |
| Federal government defined benefit retirement funds; total funded assets (5) | FL342000075 | 2181.8 | 2413.7 | 2668.0 | 2909.7 | 2661.1 | 2677.0 | 2722.7 | 2909.7 | 2870.5 | 13 |
| Federal government defined benefit retirement funds; claims of pension funds on sponsor; asset | FL343073045 | 1539.1 | 1371.8 | 1179.0 | 1000.8 | 1202.2 | 1202.0 | 1172.7 | 1000.8 | 1055.2 | 14 |
| Federal government defined benefit retirement funds; total financial assets (6) | FL344090045 | 3720.8 | 3785.4 | 3847.0 | 3910.5 | 3863.3 | 3879.0 | 3895.4 | 3910.5 | 3925.8 | 15 |
| Federal government defined contribution retirement funds; total financial assets (7) | FL344090055 | 826.9 | 725.4 | 844.8 | 961.4 | 894.2 | 910.5 | 952.9 | 961.4 | 935.9 | 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: June 12, 2025