As noted previously, CSRDF is a single fund and does not maintain separate accounts for individual employer agencies. The actual securities of the CSRDF are not allocated separately to CSRS or FERS, or to Postal and non-Postal beneficiaries. The assets of the CSRDF are composed entirely of special issue Treasury securities with maturities of up to 15 years. The long-term securities bear interest rates ranging from 2.875% to 6.875%, while the short-term securities bear interest rates of 2.125%.
The assumed rates of return on the CSRS fund balance for 2009 and 2008 was 6.25%, and the actual rates of return were 5.23% and 5.45%, respectively. For the FERS fund, the assumed rate of return for 2009 and 2008 was 6.25%, while the actual rates of return were 5.18% for 2009 and 5.42% for 2008. The projected rates of return on the CSRS and FERS fund balance for 2010 is 4.8% and 5.1%, respectively.
