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Secretary of Labor Thomas E. Perez
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DOL Annual Report, Fiscal Year 2005
Performance and Accountability Report

Principal Financial Statements Included in This Report

NOTE 2 — FUNDS WITH U.S. TREASURY

 

Funds with U.S. Treasury at September 30, 2005 consisted of the following:

 

 

 

 

 

 

 

Entity Assets

(Dollars in thousands)

Unobligated Balance Available

Unobligated Balance Unavailable

Obligated Balance Not Yet Disbursed

Total Entity Assets

Non-entity Assets

Total

 

 

 

 

 

 

 

Revolving funds

$3,900

$27,682

$31,582

$31,582

Trust funds

107,154

16,921

(338,941)

(214,866)

(707)

(215,573)

Appropriated funds

2,290,830

1,187,214

5,865,841

9,343,885

9,343,885

Other

59,766

59,766

 

 

$2,401,884

$1,204,135

$5,554,582

$9,160,601

$59,059

$9,219,660

 

 

 

 

 

 

 

 

Funds with U.S. Treasury at September 30, 2004 consisted of the following:

 

 

Entity Assets

(Dollars in thousands)

Unobligated Balance Available

Unobligated Balance Unavailable

Obligated Balance Not Yet Disbursed

Total Entity Assets

Non-entity Assets

Total

 

Revolving funds

$3,900

$24,280

$28,180

$28,180

Trust funds

149,034

53

52,908

201,995

2

201,997

Appropriated funds

2,566,402

655,579

6,179,624

9,401,605

9,401,605

Other

68,975

68,975

 

 

$2,719,336

$655,632

$6,256,812

$9,631,780

$68,975

$9,700,757




NOTE 3 — INVESTMENTS

 

 

 

 

 

 

 

 

 

 

Investments at September 30, 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Face

Premium

Net

Market

(Dollars in thousands)

Value

(Discount)

Value

Value

 

 

 

Unemployment Trust Fund

 

Non-marketable

 

U.S. Treasury Certificates of Indebtedness

 

4.625% maturing June 30, 2006

$2,285,274

$2,285,274

$2,285,274

 

Special issue U.S. Treasury Bonds

 

4.625% maturing June 30, 2007

26,000,000

26,000,000

26,000,000

 

4.625% maturing June 30, 2008

19,299,158

19,299,158

19,299,158

 

5.500% maturing June 30, 2006

7,221,451

7,221,451

7,221,451

 

 

 

54,805,883

54,805,883

54,805,883

 

 

 

Panama Canal Commission

Compensation Fund

 

Marketable

 

 

U.S. Treasury Notes

 

3.625% to 6.875% various maturities

32,307

711

33,018

32,784

 

U.S. Treasury Bonds

 

10.375% to 14.000% various maturities

44,232

4,941

49,173

49,798

 

 

 

76,539

5,652

82,191

82,582

 

 

 

Longshore and Harbor Workers' Trust Fund

 

Non-marketable

 

 

One Day Deposit

 

3.460% to 1.890% maturing October 3, 2005

60,000

60,000

60,000

 

 

 

District of Columbia Trust Fund

 

Non-marketable

 

 

One Day Deposit

 

3.460% to 1.790% maturing October 3, 2005

3,000

3,000

3,000

 

 

 

Backwage Restitution Fund

 

Marketable

 

 

U.S. Treasury Bill

 

2.920% to 3.160% maturing October 20, 2005

1,625

(55)

1,570

1,570

 

 

 

 

 

 

$54,947,047

$5,597

$54,952,644

$54,953,035

 

 

 

 

 

 

Entity investments

$54,850,990

$5,652

$54,856,642

$54,857,033

Non-entity investments

96,057

(55)

96,002

96,002

 

 

 

 

 

 

$54,947,047

$5,597

$54,952,644

$54,953,035

               
 

Investments at September 30, 2005 consisted of the following:

Unemployment Trust Fund

 

Non-marketable

 

U.S. Treasury Certificates of Indebtedness

 

4.375% maturing June 30, 2005

$10,238,570

$10,238,570

$10,238,570

 

Special issue U.S. Treasury Bonds

 

4.375% maturing June 30, 2005

4,210,119

4,210,119

4,210,119

 

6.250% maturing June 30, 2005

22,266,681

22,266,681

22,266,681

 

5.500% maturing June 30, 2006

8,524,011

8,524,011

8,524,011

 

 

 

45,239,381

45,239,381

45,239,381

 

 

 

Panama Canal Commission

Compensation Fund

 

Marketable

 

 

U.S. Treasury Notes

 

3.625% to 7.875% various maturities

27,685

450

28,135

28,607

 

U.S. Treasury Bonds

 

10.375% to 14.000% various maturities

49,428

6,494

55,922

58,767

 

 

 

77,113

6,944

84,057

87,374

 

 

 

Energy Employees Occupational Illness

Compensation Fund

 

Marketable

 

 

U.S. Treasury Bill

 

1.720% maturing October 1, 2004

46,833

46,833

46,833

 

 

 

Longshore and Harbor Workers' Trust Fund

 

Marketable

 

 

U.S. Treasury Bills

 

1.340% to 1.890% various maturities

69,863

(210)

69,653

69,653

 

 

 

District of Columbia Trust Fund

 

Marketable

 

 

U.S. Treasury Bills

 

1.320% to 1.790% various maturities

5,020

(13)

5,007

5,007

 

 

 

Backwage Restitution Fund

 

Marketable

 

 

U.S. Treasury Bill

 

1.543% to 1.553% various maturities

1,593

(14)

1,579

1,579

 

 

 

 

 

 

$45,439,803

$6,707

$45,446,510

$45,449,827

 

 

 

 

 

 

Entity investments

$45,353,104

$6,707

$45,359,811

$45,363,128

Non-entity investments

86,699

86,699

86,699

 

 

 

 

 

 

$45,439,803

$6,707

$45,446,510

$45,449,827

                   

NOTE 4 — ACCOUNTS RECEIVABLE, NET OF ALLOWANCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable at September 30, 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross
Receivables

 

Allowance

 

Net
Receivables

 

 

 

 

 

 

 

 

 

 

 

 

Entity intra-governmental assets

 

 

 

 

 

 

 

 

 

Due for UCFE and UCX benefits

 

 

 

$344,073

 

 

$344,073

 

Due for workers' compensation benefits

 

 

 

3,640,388

 

 

3,640,388

 

Other

 

 

 

 

 

6,809

 

 

6,809

 

 

 

 

 

 

 

3,991,270

 

 

3,991,270

 

 

 

 

 

 

 

 

 

 

 

 

Entity assets

 

 

 

 

 

 

 

 

 

 

 

State unemployment taxes

 

871,549

 

(636,367)

 

235,182

 

Due from reimbursable employers

 

 

 

547,623

 

(31,513)

 

516,110

 

Benefit overpayments

 

 

 

 

1,949,359

 

(1,737,979)

 

211,380

 

Other

 

 

 

 

 

10,264

 

(2,314)

 

7,950

 

 

 

 

 

 

 

3,378,795

 

(2,408,173)

 

970,622

 

 

 

 

 

 

 

 

 

 

 

 

Non-entity assets

 

 

 

 

 

 

 

 

 

 

Fines and penalties

 

 

 

 

113,075

 

(55,807)

 

57,268

 

Backwages

 

 

 

 

 

27,789

 

(12,661)

 

15,128

 

 

 

 

 

 

 

140,864

 

(68,468)

 

72,396

 

 

 

 

 

 

 

3,519,659

 

(2,476,641)

 

1,043,018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$7,510,929

 

$(2,476,641)

 

$5,034,288

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the allowance for doubtful accounts during 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Balance at
September
30, 2004

 

Write-offs

 

Revenue
Adjustment

 

Bad Debt

 

Balance at
September
30, 2005

 

 

 

 

 

 

 

 

 

 

 

 

Entity assets

 

 

 

 

 

 

 

 

 

 

State unemployment taxes

$(556,917)

 

$334,716

 

$(414,166)

 

 

$(636,367)

Due from reimbursable employers

(39,404)

 

27,088

 

(19,197)

 

 

(31,513)

Benefit overpayments

(1,862,710)

 

524,158

 

 

(399,427)

 

(1,737,979)

Other

 

(2,121)

 

234

 

 

(427)

 

(2,314)

 

 

 

(2,461,152)

 

886,196

 

(433,363)

 

(399,854)

 

(2,408,173)

 

 

 

 

 

 

 

 

 

 

 

 

Non-entity assets

 

 

 

 

 

 

 

 

 

Fines and penalties

(56,326)

 

20,135

 

(19,616)

 

 

(55,807)

Backwages

 

(10,389)

 

 

 

(2,272)

 

(12,661)

 

 

 

(66,715)

 

20,135

 

(19,616)

 

(2,272)

 

(68,468)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$(2,527,867)

 

$906,331

 

$(452,979)

 

$(402,126)

 

$(2,476,641)

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable at September 30, 2004 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

Gross
Receivables

Allowance

Net
Receivables

 

 

 

 

 

 

 

Entity intra-governmental assets

 

 

 

 

Due for UCFE and UCX benefits

 

 

 

$333,918

$333,918

 

Due for workers' compensation benefits

 

 

 

3,572,765

3,572,765

 

Other

 

 

 

 

 

9,991

9,991

 

 

 

 

 

 

 

3,916,674

3,916,674

 

 

 

 

 

 

 

Entity assets

 

 

 

 

 

 

State unemployment taxes

 

755,789

(556,917)

198,872

 

Due from reimbursable employers

 

659,820

(39,404)

620,416

 

Benefit overpayments

 

2,091,586

(1,862,710)

228,876

 

Other

 

 

 

 

 

6,991

(2,121)

4,870

 

 

 

 

 

 

 

3,514,186

(2,461,152)

1,053,034

 

 

 

 

 

 

 

Non-entity assets

 

 

 

 

 

Fines and penalties

 

 

 

 

115,869

(56,326)

59,543

 

Backwages

 

 

 

 

 

24,846

(10,389)

14,457

 

 

 

 

 

 

 

140,715

(66,715)

74,000

 

 

 

 

 

 

 

3,654,901

(2,527,867)

1,127,034

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$7,571,575

$(2,527,867)

$5,043,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Changes in the allowance for doubtful accounts during 2004 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Balance at
September
30, 2003

Write-offs

Revenue
Adjustment

Bad Debt

Balance at
September
30, 2004

 

 

 

Entity assets

 

State unemployment taxes

$(524,043)

$307,970

$(340,844)

$(556,917)

Due from reimbursable employers

(36,072)

18,974

(22,306)

(39,404)

Benefit overpayments

(1,881,135)

688,846

(670,421)

(1,862,710)

Other

 

(481)

1,061

(2,701)

(2,121)

 

 

 

(2,441,731)

1,016,851

(363,150)

(673,122)

(2,461,152)

 

 

 

Non-entity assets

Fines and penalties

(51,700)

8,504

(13,130)

(56,326)

Backwages

 

(921)

(9,468)

(10,389)

 

 

 

(52,621)

8,504

(13,130)

(9,468)

(66,715)

 

 

 

 

 

 

$(2,494,352)

$1,025,355

$(376,280)

$(682,590)

$(2,527,867)




NOTE 5 — ADVANCES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advances at September 30, 2005 and 2004 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2005

2004

                     

Intra-governmental

       

 

Advances to the Bureau of the Census

 

 

 

 

$10,812

Advances to states for UI benefit payments

 

489,177

623,172

Advances to grantees and contractors to finance future DOL program expenditures

 

89,520

146,463

Other

 

 

 

 

 

5,442

7,397

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$594,951

$777,032

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

NOTE 6 — PROPERTY, PLANT AND EQUIPMENT, NET OF DEPRECIATION

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment at September 30, 2005 and 2004 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2005

2004

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

Cost or Basis

Accumulated
Depreciation/
Amortization

Net Book
Value

Net Book
Value

 

 

 

 

 

 

 

 

 

 

 

Structures, facilities and improvements

 

Structures and facilities

$884,117

$(356,235)

$527,882

$464,054

 

Improvements to leased facilities

385,067

(213,858)

171,209

150,788

 

 

 

 

1,269,184

(570,093)

699,091

614,842

Furniture and equipment

 

Equipment held by contractors

162,064

(156,852)

5,212

6,026

 

Furniture and equipment

63,135

(37,286)

25,849

29,310

 

 

 

 

225,199

(194,138)

31,061

35,336

 

 

 

 

ADP software

 

177,463

(69,656)

107,807

52,347

Construction-in-progress

94,464

94,464

106,668

Land

 

90,999

90,999

67,076

 

 

 

 

 

 

 

 

$1,857,309

$(833,887)

$1,023,422

$876,269

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

NOTE 7 — NON-ENTITY ASSETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-entity assets consisted of the following at September 30, 2005 and 2004:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2005

2005

 

 

 

 

 

 

 

 

 

 

 

Intra-governmental

 

 

 

 

 

Funds with U.S. Treasury

 

 

 

 

$59,059

$68,977

 

Investments

 

 

 

 

 

96,002

86,699

 

Interest receivable from investments

 

1,095

1,086

 

 

 

 

 

 

 

 

156,156

156,762

Accounts receivable, net of allowance

 

 

 

 

72,396

74,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$228,552

$230,762




NOTE 8 — ADVANCES FROM U.S. TREASURY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advances from U.S. Treasury to the Black Lung Disability Trust Fund during 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Balance at
September
30, 2004

Net
Borrowing

Balance at
September
30, 2005

 

 

 

 

 

Intra-governmental

 

 

 

Borrowing from the Treasury

 

$8,740,557

$446,000

$9,186,557

 

 

 

 

 

 

 

 

 

 

$8,740,557

$446,000

$9,186,557

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advances from U.S. Treasury to the Black Lung Disability Trust Fund during 2004 consisted of the following:

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Balance at
September
30, 2003

Net
Borrowing

Balance at
September
30, 2004

 

 

 

 

 

Intra-governmental

 

 

 

Borrowing from the Treasury

 

$8,243,557

$497,000

$8,740,557

 

 

 

 

 

 

 

 

 

 

$8,243,557

$497,000

$8,740,557

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assuming the continuation of current operating conditions, repayment of these and necessary future advances will require a change in the statutory operating structure of the fund. (See note 19.)

                   

 

 

 

 

 

 

 

 

 

 

NOTE 9 — ACCRUED BENEFITS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued benefits at September 30, 2005 and 2004 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2005

2005

 

 

 

 

 

 

 

 

 

 

 

State regular and extended unemployment benefits payable

 

 

$646,473

$869,504

 

Federal extended unemployment benefits payable

 

 

36,338

36,265

 

Federal temporary extended unemployment benefits

 

 

23,620

23,581

 

Federal emergency unemployment benefits payable

 

 

37,714

31,951

 

Federal employees' unemployment benefits payable

 

 

41,885

26,200

 

Federal employees' unemployment benefits for existing claims due in the subsequent year

 

145,642

141,022

 

Total unemployment benefits payable

 

 

 

931,672

1,128,523

 

Black lung disability benefits payable

 

 

 

51,995

55,542

 

Federal employees' disability and 10(h) benefits payable

 

 

156,570

155,716

 

Energy employees occupational illness compensation benefits payable

 

3,812

790

 

Longshore and harbor workers disability benefits payable

 

 

3,234

3,155

 

District of Columbia disability benefits payable

 

 

375

283

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$1,147,658

$1,344,009




NOTE 10 — FUTURE WORKERS' COMPENSATION BENEFITS

 

 

 

 

 

 

 

 

 

 

DOL's liability for future workers' compensation benefits at September 30, 2005 and 2004 consisted of the following:

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

2005

2005

 

 

 

 

 

 

 

 

 

Projected gross liability of the Federal government

 

 

for future FECA benefits

 

 

$26,007,693

$25,570,723

 

Less liabilities attributed to other agencies:

 

 

 

U.S. Postal Service

 

 

(8,663,963)

(8,379,832)

 

 

Department of Navy

 

 

(2,725,371)

(2,744,041)

 

 

Department of Army

 

 

(1,950,173)

(1,937,818)

 

 

Department of Veterans Affairs

 

 

(1,776,459)

(1,752,895)

 

 

Department of Air Force

 

 

(1,399,314)

(1,418,832)

 

 

Department of Transportation

 

 

(1,007,910)

(1,020,500)

 

 

Department of Homeland Security

 

 

(1,473,295)

(1,398,161)

 

 

Tennessee Valley Authority

 

 

(580,506)

(594,461)

 

 

Department of Treasury

 

 

(644,620)

(678,272)

 

 

Department of Agriculture

 

 

(834,415)

(836,341)

 

 

Department of Justice

 

 

(926,336)

(829,336)

 

 

Department of Interior

 

 

(689,306)

(664,856)

 

 

Department of Defense, Other

 

 

(844,007)

(858,146)

 

 

Department of Health and Human Services

 

(270,354)

(266,389)

 

 

Social Security Administration

 

 

(284,589)

(288,158)

 

 

General Services Administration

 

 

(170,113)

(176,351)

 

 

Department of Commerce

 

 

(173,415)

(179,186)

 

 

Department of Energy

 

 

(98,479)

(95,184)

 

 

Department of State

 

 

(60,288)

(59,984)

 

 

Department of Housing & Urban Development

 

(81,613)

(78,622)

 

 

Department of Education

 

 

(18,082)

(19,882)

 

 

National Aeronautics and Space Administration

 

(62,430)

(68,876)

 

 

Environmental Protection Agency

 

 

(39,380)

(40,281)

 

 

Small Business Administration

 

 

(28,967)

(28,436)

 

 

Office of Personnel Management

 

 

(25,653)

(13,077)

 

 

National Science Foundation

 

 

(1,381)

(1,465)

 

 

Nuclear Regulatory Commission

 

 

(8,417)

(8,114)

 

 

Agency for International Development

 

(23,726)

(24,523)

 

 

Other

 

 

(580,826)

(580,636)

 

 

 

 

 

(25,443,388)

(25,042,655)

 

 

 

 

 

 

 

 

 

 

$564,305

$528,068

 

 

 

 

 

 

Projected liability of the Department of Labor for future FECA benefits

 

 

FECA benefits not chargeable to other Federal agencies payable by

 

 

DOL's Federal Employees' Compensation Act Special Benefit Fund

$270,255

$228,487

 

 

FECA benefits due to eligible workers of DOL and Job Corp enrollees

233,652

236,560

 

 

FECA benefits due to eligible workers of the Panama Canal Commission

60,398

63,021

 

 

 

 

 

 

 

 

 

 

$564,305

$528,068




NOTE 11 — OTHER LIABILITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other liabilities at September 30, 2005 and 2004 consisted of the following current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2005

2004

 

 

 

 

 

 

 

Intra-governmental

 

 

 

 

 

Accrued payroll and benefits

 

 

 

$9,666

$8,281

 

Unearned FECA assessments

 

 

 

44,347

39,261

 

Non-entity receipts due to U.S. Treasury

 

 

57,268

59,542

 

Amounts held for the Railroad Retirement Board

 

 

94,820

86,209

 

Advances from other Federal agencies

1,134

Total intra-governmental

 

 

 

 

206,101

194,427

 

 

 

 

 

 

 

Accrued payroll and benefits

 

 

 

45,261

40,833

Due to Backwage recipients

 

 

 

 

71,632

63,901

Unearned assessment revenue

 

 

 

48,910

48,117

Deposit and clearing accounts

 

 

 

5,503

20,738

Readjustment allowances and other Job Corps liabilities

 

84,427

58,244

Other advances

 

 

 

 

7,500

7,500

 

 

 

 

 

 

 

263,233

239,333

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$469,334

$433,760

 


 

NOTE 12 — LIABILITIES NOT COVERED BY BUDGETARY RESOURCES

 

 

 

 

 

 

 

 

 

 

Liabilities not covered by budgetary resources at September 30, 2005 and 2004 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

 

 

2005

2005

 

 

 

 

 

 

 

 

 

 

Intra-governmental

 

 

 

 

 

Advances from U.S. Treasury

 

 

 

$9,186,557

$8,740,557

 

 

 

 

 

 

 

Accrued benefits

 

 

 

 

13,519

94,846

Future workers' compensation benefits

 

 

 

230,721

236,559

Accrued annual leave

 

 

 

 

90,222

94,846

Readjustment allowances and other Job Corps liabilities

 

84,427

58,244

 

 

 

 

 

 

 

418,889

389,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$9,605,446

$9,130,206




NOTE 13 — PENSION EXPENSE

         
                 

Pension expense in 2005 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Employer
Contributions

Accumulated
Costs Imputed
by OPM

Total
Pension
Expense

 

 

 

 

 

 

 

 

 

Civil Service Retirement System

 

$27,034

$43,919

$70,953

Federal Employees' Retirement System

 

81,359

81,359

Thrift Savings Plan

 

 

30,824

30,824

 

 

 

 

 

 

 

 

$139,217

$43,919

$183,136

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension expense in 2004 consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Dollars in thousands)

 

 

Employer
Contributions

Accumulated
Costs Imputed
by OPM

Total
Pension
Expense

 

 

 

 

 

 

 

 

 

Civil Service Retirement System

 

$31,473

$46,281

$77,754

Federal Employees' Retirement System

 

72,622

3,199

75,821

Thrift Savings Plan

 

 

28,712

28,712

 

 

 

 

 

 

 

 

$132,807

$49,480

$182,287

 

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