Home >Financials > 2009 Annual Report - The Challenge to Deliver > MANAGEMENT’S DISCUSSION ANDANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS > FUNDING STATUS
The following table provides OPM’s estimation of the funding status of the CSRS and FERS programs for Postal Service participants as of September 30, 2008, and 2007, and the projected Postal Service obligation as of September 30, 2009.
Present Value Analysis of Retirement Programs as calculated by OPM (9/30/08 latest actual data available) (dollars in billions)
Projected 2009
2008
2007
CSRS
Actuarial Accrued Liability 9/30
$207.1
$204.1
$196.9
Current Fund Balance
197.5
195.1
193.8
(Unfunded)
$(9.6)
$(9.0)
$(3.1)
FERS
$69.3
$62.8
$55.1
76.1
69.3
63.5
Surplus
$6.8
$6.5
$8.4
TOTAL CSRS and FERS
$276.4
$266.9
$252.0
273.6
264.4
257.3
(Unfunded)/Surplus
$(2.8)
$(2.5)
$5.3
In June 2007, a $17.1 billion surplus attributed to the CSRS plan as of September 30, 2006 was transferred to the newly created PSRHBF.
