DATA BOOK LISTING

Table PBGC's Single-Employer Program

S-1 Net Financial Position of PBGC's Single-Employer Program (1980-2012)

S-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2012)

S-3 PBGC Terminations and Claims (1975-2012)

S-4 PBGC Claims (1975-2012)

S-5 Top 10 Firms Presenting Claims (1975-2012)

S-6 PBGC Trusteed Terminations by Fiscal Year and Size of Claim (1975-2012)

S-7 PBGC Claims by Fiscal Year and Size of Claim (1975-2012)

S-8 PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2012)

S-9 PBGC Claims by Fiscal Year and Funded Ratio (1975-2012)

S-10 PBGC Trusteed Plans by Size of Claim and Funded Ratio (1975-2012)

S-11 PBGC Claims by Size of Claim and Funded Ratio (1975-2012)

S-12 Average Claim per Vested Participant by Plan Size (1975-2012)

S-13 PBGC Trusteed Plans by Fiscal Year and Plan Size (1975-2012)

S-14 PBGC Claims by Fiscal Year and Plan Size (1975-2012)

S-15 PBGC Trusteed Plans by Size of Claim and Plan Size (1975-2012)

S-16 PBGC Claims by Size of Claim and Plan Size (1975-2012)

S-17 PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2012)

S-18 PBGC Claims by Funded Ratio and Plan Size (1975-2012)

S-19 PBGC Claims by Industry (1975-2012)

S-20 PBGC Benefit Payments, Payees and Deferred Payees (1980-2012)

S-21 PBGC Payees and Benefit Payments by Date of Plan Termination (2012)

S-22 PBGC Payees and Benefit Payments by Size of Trusteed Plan (2012)

S-23 Total PBGC Payees and Average Benefit Payments by Gender and Age (2012)

S-24 PBGC Retired Payees and Average Benefit Payments by Gender and Age (2012) 

S-25 PBGC Beneficiary Payees and Average Benefit Payments by Gender and Age (2012)

S-26 Total PBGC Payees and Benefit Payments by Size of Monthly Payment (2012) 

S-27 PBGC Retired Payees and Benefit Payments by Size of Monthly Payment (2012) 

S-28 PBGC Beneficiary Payees and Benefit Payments by Size of Monthly Payment (2012)

S-29 PBGC Payees and Benefit Payments by Industry (2012)

S-30 PBGC-Insured Plan Participants (1980-2013)

S-31 PBGC-Insured Plans (1980-2013)

S-32 PBGC-Insured Plan Participants by Participant Status (1980-2011)

S-33 PBGC-Insured Active Participants as a Percent of Private-Sector Wage and Salary Workers (1980-2011)

S-34 PBGC-Insured Hybrid Plans by Plan Size (2001-2011)

S-35 PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2011)

S-36 PBGC-Insured Hard-Frozen Plans by Status of Benefit Accruals and Participation Freeze (2008-2011)

S-37 PBGC-Insured Participants by Status of Benefit Accruals and Participation Freeze (2008-2011)

S-38 PBGC-Insured Plans, Participants and Premiums by Industry (2011)

S-39 PBGC's Historic Premium Rates

S-40 PBGC Premium Revenue (1980-2012)

S-41 PBGC Premium Revenue by Size of Plan and Type of Premium (2011)

S-42 PBGC-Insured Plans and Participants by Total Premium Paid (2011)

S-43 PBGC-Insured Plans and Participants by Variable-Rate Premium Status (1992-2011) 

S-44 Funding of PBGC-Insured Plans (1980-2011)

S-45 Funding of Underfunded PBGC-Insured Plans (1980-2011)

S-46 Funding of Overfunded PBGC-Insured Plans (1980-2011)

S-47 Concentration of Underfunding in PBGC-Insured Plans (1990-2011)

S-48 Plans, Participants and Funding of PBGC-Insured Plans by Funding Ratio (2011) 

S-49 Various Measures of Underfunding in PBGC-Insured Plans (1992-2012)

S-50 Funding of PBGC-Insured Plans by Industry (2011)

S-51 Pension Funding Data for PBGC-Insured Plans by Region and State (2011)

S-52 PBGC Pension Data by Region and State

S-53 PBGC Maximum Guaranteed Benefits (1990-2012)
PBGC's Multiemployer Program

M-1 Net Financial Position of PBGC's Multiemployer Program (1980-2012)

M-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2012)

M-3 PBGC Payees and Benefit Payments (1980-2012)

M-4 PBGC Financial Assistance to Insolvent Plans (1981-2012)

M-5 PBGC-Insured Plan Participants (1980-2013)

M-6 PBGC-Insured Plans (1980-2013)

M-7 PBGC-Insured Plan Participants by Participant Status (1980-2011)

M-8 PBGC-Insured Plans and Participants by Industry (2011)

M-9 Funding of PBGC-Insured Plans (1980-2011)

M-10 Funding of Underfunded PBGC-Insured Plans (1980-2011)

M-11 Funding of Overfunded PBGC-Insured Plans (1980-2011)

M-12 Concentration of Underfunding in PBGC-Insured Plans (1990-2011)

M-13 Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2011) 

M-14 Funding of PBGC-Insured Plans by Industry (2011)

M-15 PBGC Maximum Guaranteed Benefits (1980-2013)

M-16 Illustrative Annual PBGC Maximum Guaranteed Benefits Amounts, 2013

M-17 PBGC's Historic Premium Rates
PBGC DATA BOOK AT A GLANCE

 Fiscal Year 2012:

Net Financial Position -$29,142 -$5,237 -$34,379

 Total Assets $82,973 $1,807 $84,780

 Total Liabilities $112,115 $7,044 $119,159

Premium Revenue* $2,642 $92 $2,734

Number of Insured Plans 23,399 1,461 $24,860

Number of Insured Participants 32.5 million 10.4 million 42.9 million

New Plans Trusteed or Pending Trusteeship 155 n/a 155

Change in Gross Claims $1,023 n/a $1,023

Number of Payees** 781,160 74 781,234

Total Benefits Paid $5,410 *** $5,410

Number of Plans Receiving Financial Assistance n/a 49 49

Amount of Financial Assistance Granted n/a $95 $95

 Fiscal Years 1975-2012:

Plans Trusteed or Pending Trusteeship 4,447 10 4,457

Amount of Claims $46,694 $31 $46,725

Number of Plans Receiving Financial Assistance n/a 81 81

Total Amount of Financial Assistance Granted n/a $788 $788

Sources: PBGC Pension Insurance Data Book Tables S-1, S-2, S-3, S-20, S-30, S-31, M-1, M-2, M-3, M-4, M-5 and M-6.

*Beginning in FY 2009, PBGC started to report premium income net of bad debt expense for premium, interest, and penalties.

**The number of payees includes those receiving a periodic pension benefit payment and those who received a

 lump-sum benefit payment from PBGC during FY 2012.

***Less than $500,000.

Due to rounding of individual items, numbers may not add up exactly across columns.

Single-Employer Multiemployer Combined

Program Program Programs

(Dollars in millions) (Dollars in millions) (Dollars in millions)
Table S-1

Net Financial Position of PBGC's Single-Employer Program (1980-2012)

Fiscal Year Assets Liabilities Net Position

 (in millions) (in millions) (in millions)

1980 $430 $524 -$95

1985 1,155 2,480 -1,325

1990 2,797 4,710 -1,913

1995 10,371 10,686 -315

1996 12,043 11,174 869

1997 15,314 11,833 3,481

1998 17,631 12,619 5,012

1999 18,431 11,393 7,038

2000 20,830 11,126 9,704

2001 21,768 14,036 7,732

2002 25,430 29,068 -3,638

2003 34,016 45,254 -11,238

2004 38,993 62,298 -23,305

2005 56,470 79,246 -22,776

2006 59,972 78,114 -18,142

2007 67,241 80,352 -13,111

2008 64,612 75,290 -10,678

2009 68,736 89,813 -21,077

2010 77,463 99,057 -21,594

2011 78,960 102,226 -23,266

2012 82,973 112,115 -29,142

Source: PBGC Annual Reports (1980-2012).

Due to rounding of individual items, numbers may not add up across columns. 
Table S-2

PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2012) 

Single-Employer Program

Total Administrative & Premiums Minus

Fiscal Premium Benefit Investment Benefits Paid

Year Revenue Payments Expenses and Expenses

(in millions) (in millions) (in millions) (in millions)

1980 $71 $37 $20 $14

1985 82 170 33 -121

1990 659 369 63 227

1995 838 761 138 -61

1996 1,146 790 150 206

1997 1,067 823 155 89

1998 966 847 158 -39

1999 902 901 161 -160

2000 807 902 167 -262

2001 821 1,042 184 -405

2002 787 1,537 225 -975

2003 948 2,488 290 -1,830

2004 1,458 3,006 288 -1,836

2005 1,451 3,685 342 -2,576

2006 1,442 4,082 405 -3,045

2007 1,476 4,266 378 -3,168

2008 1,340 4,292 400 -3,352

2009 1,822 4,478 417 -3,073

2010 2,231 5,467 449 -3,685

2011 2,072 5,340 424 -3,692

2012 2,642 5,384 443 -3,185

Source: PBGC Annual Reports (1980-2012).

Due to rounding of individual items, numbers may not add up across columns.

*Beginning in 2009, PBGC has reported premium income net of bad debt expense for premium, interest, and penalties.
Standard Trusteed

Terminations Terminations

Filings

1975-1979 7,955 586 $145.2 $397.4 $252.2 $56.4 $195.8

1980-1984 28,025 622 513.7 1,257.3 743.7 157.8 585.8

1985-1989 42,599 537 649.7 2,351.4 1,701.7 160.8 1,541.0

1990-1994 24,171 694 2,274.8 5,116.8 2,842.0 446.9 2,395.0

1995-1999 15,089 444 1,414.1 2,196.9 782.9 74.5 708.4

2000 1,892 73 266.3 367.2 100.9 15.3 85.6

2001 1,748 117 2,535.5 3,686.1 1,150.7 185.1 965.5

2002 1,452 186 4,518.5 8,309.6 3,791.1 284.1 3,507.0

2003 1,203 172 6,932.8 13,408.5 6,475.7 207.4 6,268.3

2004 1,198 164 2,848.2 6,115.6 3,267.4 527.1 2,740.3

2005 1,108 129 10,304.9 21,567.9 11,262.9 1,798.0 9,464.9

2006 1,247 89 2,355.3 4,590.1 2,234.8 1,326.1 908.6

2007 1,233 77 630.0 974.6 344.6 29.9 314.7

2008 1,405 82 535.4 816.5 281.1 30.6 250.5

2009 1,294 184 10,038.4 18,839.5 8,801.1 785.9 8,015.1

2010 1,308 144 1,316.9 2,547.2 1,230.4 149.9 1,080.4

2011 1,400 85 821.2 1,512.7 691.5 19.0 672.5

2012 1,332 62 646.5 1,385.7 739.2 39.8 699.4

TOTAL 135,659 4,447 $48,747.3 $95,440.9 $46,693.6 $6,294.8 $40,398.8

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Due to rounding of individual items, numbers may not add up across columns.

Trusteed terminations include plans pending trusteeship.

Claims figures shown in this table are calculated on a plan basis and identified with fiscal year of plan termination for each plan.

The annual numbers of trusteed terminations shown in this table may differ from those reported elsewhere as they reflect the fiscal year of plan termination rather than the fiscal year in which

 the loss was incurred. For example, PBGC became responsible for 155 underfunded terminated plans during FY 2012, but only 62 of these plans had termination dates during FY 2012.

 The rest had termination dates in earlier fiscal years and are allocated to those years.

Values are subject to change as PBGC completes reviews, establishes termination dates, and determines recoveries.

Claims

Table S-3

PBGC Terminations and Claims (1975-2012)

Single-Employer Program

Fiscal Gross Net

Year Assets Liabilities Claims Recoveries

(in millions) (in millions) (in millions) (in millions) (in millions)
Claims of Top 10 Firms and Other Claims and

Percent of Total Annual Claims Percent of Total Annual Claims

1975-1979 $252,206,149 --- --- $252,206,149 100.0%

1980-1984 743,655,890 --- --- 743,655,890 100.0%

1985-1989 1,701,719,003 --- --- 1,701,719,003 100.0%

1990-1994 2,841,969,967 $841,082,434 29.6% 2,000,887,534 70.4%

1995 162,127,462 --- --- 162,127,462 100.0%

1996 168,621,640 --- --- 168,621,640 100.0%

1997 207,994,972 --- --- 207,994,972 100.0%

1998 75,461,515 --- --- 75,461,515 100.0%

1999 168,647,559 --- --- 168,647,559 100.0%

2000 100,893,537 --- --- 100,893,537 100.0%

2001 1,150,651,496 668,377,106 58.1% 482,274,391 41.9%

2002 3,791,077,815 2,081,361,845 54.9% 1,709,715,970 45.1%

2003 6,475,651,564 5,549,967,048 85.7% 925,684,516 14.3%

2004 3,267,408,915 692,584,383 21.2% 2,574,824,532 78.8%

2005 11,262,934,564 9,501,240,579 84.4% 1,761,693,985 15.6%

2006 2,234,757,449 1,720,156,504 77.0% 514,600,945 23.0%

2007 344,581,019 --- --- 344,581,019 100.0%

2008 281,060,529 --- --- 281,060,529 100.0%

2009 8,801,074,888 6,387,327,984 72.6% 2,413,746,904 27.4%

2010 1,230,353,606 --- --- 1,230,353,606 100.0%

2011 691,491,084 --- --- 691,491,084 100.0%

2012 739,244,305 --- --- 739,244,305 100.0%

TOTAL (1975-2012) $46,693,584,930 $27,442,097,883 58.8% $19,251,487,046 41.2%

Sources: PBGC Fiscal Year Closing File (9/30/11) and PBGC Case Management System.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Annual claims for Top 10 firms are summations of all claims in that fiscal year associated with the Top 10 firms. See Table S-5 for a list of the Top 10

 firms with the largest claim values.

Values are subject to change as PBGC completes reviews and establishes termination dates.

Table S-4

PBGC Claims (1975-2011)

Single-Employer Program

Fiscal

Year Total Claims
Number Fiscal Year(s)

of of Plan Vested

Top 10 Firms Plans Termination(s) Participants

1. United Airlines 4 2005 $7,304,186,216 123,957 $58,925 15.6%

2. Delphi 6 2009 6,387,327,984 69,042 92,514 13.7%

3. Bethlehem Steel 1 2003 3,702,771,655 91,312 40,551 7.9%

4. US Airways 4 2003, 2005 2,723,720,013 55,770 48,838 5.8%

5. LTV Steel* 6 2002, 2003, 2004 2,134,985,884 83,094 25,694 4.6%

6. Delta Air Lines 1 2006 1,720,156,504 13,291 129,423 3.7%

7. National Steel 7 2003 1,319,009,117 33,737 39,097 2.8%

8. Pan American Air 3 1991, 1992 841,082,434 31,999 26,285 1.8%

9. Trans World Airlines 2 2001 668,377,106 32,263 20,717 1.4%

10. Weirton Steel 1 2004 640,480,970 9,410 68,064 1.4%

Top 10 Total 35 $27,442,097,883 543,875 $50,457 58.8%

All Other Total 4,412 19,251,487,046 1,451,798 13,260 41.2%

TOTAL 4,447 $46,693,584,930 1,995,673 $23,397 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/12), PBGC Case Management System, and PBGC Participant System (PRISM). 

Due to rounding of individual items, numbers and percentages may not add up to totals.

Data in this table have been calculated on a firm basis and, except as noted, include all trusteed plans of each firm.

Values and distributions are subject to change as PBGC completes its reviews and establishes termination dates.

* Does not include 1986 termination of a Republic Steel plan sponsored by LTV. 

 (by firm) (1975-2012)

Table S-5

Top 10 Firms Presenting Claims (1975-2012) 

Single-Employer Program 

Average

Claim Per Percent

Vested of Total

Claims Participant Claims
1975-1979 545 36 5 --- --- 586

1980-1984 538 66 18 --- --- 622

1985-1989 451 66 15 5 --- 537

1990-1994 534 137 17 6 --- 694

1995-1999 310 118 16 --- --- 444

2000-2004 358 246 83 23 2 712

2005-2009 224 247 71 12 7 561

2010 54 68 21 1 --- 144

2011 22 47 16 --- --- 85

2012 12 36 13 1 --- 62

TOTAL 3,048 1,067 275 48 9 4,447

Percent of Total 68.5% 24.0% 6.2% 1.1% 0.2% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews and establishes termination dates.

Due to rounding of individual items, percentages may not add up to 100%.

SIZE OF CLAIM

Table S-6

PBGC Trusteed Terminations by Fiscal Year and Size of Claim (1975-2012)

Single-Employer Program

Fiscal Year Less Than $1 Million $1-$9 Million $10-$99 Million $100-$999 Million $1 Billion or More Total
1975-1979 $62,193,310 $89,626,004 $100,386,836 --- --- $252,206,149 0.6%

1980-1984 79,647,495 193,552,903 470,455,492 --- --- 743,655,890 1.6%

1985-1989 75,869,416 218,541,696 424,362,733 $982,945,159 --- 1,701,719,003 3.6%

1990-1994 125,685,495 449,076,658 447,349,949 1,819,857,864 --- 2,841,969,967 6.1%

1995-1999 94,510,168 307,763,071 380,579,909 --- --- 782,853,148 1.7%

2000-2004 119,695,321 815,255,989 2,448,537,545 6,005,417,296 $5,396,777,176 14,785,683,327 31.7%

2005-2009 90,979,818 798,981,594 2,234,459,427 4,448,785,639 15,351,201,971 22,924,408,449 49.1%

2010 23,829,864 221,078,570 704,367,803 281,077,369 --- 1,230,353,606 2.6%

2011 11,533,204 138,173,470 541,784,410 --- --- 691,491,084 1.5%

2012 4,696,045 128,623,531 490,589,682 115,335,047 --- 739,244,305 1.6%

TOTAL $688,640,136 $3,360,673,487 $8,242,873,786 $13,653,418,374 $20,747,979,147 $46,693,584,930 100.0%

Percent of Total 1.5% 7.2% 17.7% 29.2% 44.4% 100.0%

 

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews and establishes termination dates.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

SIZE OF CLAIM

Table S-7

PBGC Claims by Fiscal Year and Size of Claim (1975-2012)

Single-Employer Program

Fiscal Year Less Than $1 Million $1-$9 Million $10-$99 Million $100-$999 Million $1 Billion or More Total
1975-1979 163 149 127 147 586

1980-1984 221 134 134 133 622

1985-1989 169 112 129 127 537

1990-1994 190 153 181 170 694

1995-1999 118 101 139 86 444

2000-2004 118 201 248 145 712

2005-2009 106 168 210 77 561

2010 25 47 65 7 144

2011 16 30 38 1 85

2012 19 29 13 1 62

TOTAL 1,145 1,124 1,284 894 4,447

Percent of Total 25.7% 25.3% 28.9% 20.1% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews and establishes termination dates.

Due to rounding of individual items, percentages may not add up to 100%.

Total

Table S-8

PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2012)

Single-Employer Program

FUNDED RATIO

Fiscal Year Less Than 25% 25%-49% 50%-74% 75% or More
1975-1979 $170,657,349 $54,478,598 $21,092,607 $5,977,596 $252,206,149

1980-1984 304,624,812 308,867,603 119,301,161 10,862,314 743,655,890

1985-1989 876,068,116 676,479,120 142,113,170 7,058,596 1,701,719,003

1990-1994 1,664,086,089 326,486,171 767,438,473 83,959,235 2,841,969,967

1995-1999 103,144,593 184,382,060 339,689,576 155,636,919 782,853,148

2000-2004 720,188,898 7,963,128,028 5,916,626,243 185,740,158 14,785,683,327

2005-2009 245,726,921 16,207,032,226 6,240,931,412 230,717,890 22,924,408,449

2010 42,052,012 360,971,258 825,042,354 2,287,982 1,230,353,606

2011 109,491,613 175,429,106 395,188,820 11,381,545 691,491,084

2012 30,396,773 513,001,325 179,362,016 16,484,190 739,244,305

TOTAL $4,266,437,177 $26,770,255,495 $14,946,785,831 $710,106,426 46,693,584,930

Percent of Total 9.1% 57.3% 32.0% 1.5% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews and establishes termination dates.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Total

Table S-9

PBGC Claims by Fiscal Year and Funded Ratio (1975-2012)

Single-Employer Program

Fiscal FUNDED RATIO

Year Less Than 25% 25%-49% 50%-74% 75% or More
Less Than 25% 864 233 39 9 --- 1,145

25% - 49% 645 347 106 20 6 1,124

50% - 74% 740 406 116 19 3 1,284

75% or more 799 81 14 --- --- 894

 TOTAL 3,048 1,067 275 48 9 4,447

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews.

Table S-10

PBGC Trusteed Plans by Size of Claim and Funded Ratio (1975-2012)

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion

Funded Ratio $1 Million $1-$9 Million $10-$99 Million $100-$999 Million or More Total
 Less Than 25% $229,740,438 $643,167,702 $1,096,150,839 $2,297,378,198 --- $4,266,437,177 9.1%

 25% - 49% 184,729,701 1,174,757,596 3,467,172,710 6,146,501,394 $15,797,094,095 26,770,255,495 57.3%

 50% - 74% 197,291,447 1,312,243,707 3,276,826,843 5,209,538,782 4,950,885,052 14,946,785,831 32.0%

 75% or more 76,878,550 230,504,482 402,723,394 --- --- 710,106,426 1.5%

 TOTAL $688,640,136 $3,360,673,487 $8,242,873,786 $13,653,418,374 $20,747,979,147 $46,693,584,930 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/11) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Table S-11

PBGC Claims by Size of Claim and Funded Ratio (1975-2011)

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion

Funded Ratio $1 Million $1 - $9 Million $10 - $99 Million $100 - $999 Million or More Total
Average 

Number of Plan Vested Claim Per 

Participants Participants Plans Claims Claims Participant

(2012 Dollars) (2012 Dollars)

Fewer Than 100 94,692 2,737 $874,700,061 1.9% $9,237 $1,291,586,570 2.2% $13,640

100-999 439,001 1,418 4,765,890,076 10.2% 10,856 6,749,138,081 11.4% 15,374

1,000-4,999 435,934 223 7,404,541,322 15.9% 16,985 10,207,931,862 17.2% 23,416

5,000-9,999 249,575 35 5,427,558,473 11.6% 21,747 7,190,657,222 12.1% 28,812

10,000 or more 776,471 34 28,220,894,999 60.4% 36,345 33,883,982,269 57.1% 43,638

TOTAL 1,995,673 4,447 $46,693,584,930 100.0% $23,397 $59,323,296,004 100.0% $29,726

 

Sources: PBGC Fiscal Year Closing File (9/30/12), PBGC Case Management System, and Bureau of Labor Statistics.

Claim values and distributions are subject to change as PBGC completes reviews.

Claims calculations represent aggregated and average counts of plans, claims, and participants over the period 1975-2012.

The number of vested participants and claims values are calculated as of date of plan termination.

Claims in 2012 dollars are calculated using Consumer Price Index - Urban Consumers.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Participant

Table S-12

Average Claim per Vested Participant by Plan Size (1975-2012)

Single-Employer Program

Average 

Claim Per 
Fiscal Year

1975-1979 275 198 104 9 --- --- 586 13.2%

1980-1984 225 232 146 19 --- --- 622 14.0%

1985-1989 178 205 136 13 4 1 537 12.1%

1990-1994 170 259 243 18 1 3 694 15.6%

1995-1999 110 156 150 24 4 --- 444 10.0%

2000-2004 119 196 310 59 16 12 712 16.0%

2005-2009 100 162 218 57 6 18 561 12.6%

2010 31 48 53 10 2 --- 144 3.2%

2011 16 29 30 9 1 --- 85 1.9%

2012 9 19 28 5 1 --- 62 1.4%

TOTAL 1,233 1,504 1,418 223 35 34 4,447 100.0%

Percent of Total 27.7% 33.8% 31.9% 5.0% 0.8% 0.8% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews and establishes termination dates.

Due to rounding of individual items, percentages may not add up to 100%.

NUMBER OF PLAN PARTICIPANTS

Table S-13

PBGC Trusteed Plans by Fiscal Year and Plan Size (1975-2012)

Single-Employer Program

Fewer Than 25 25-99 100-999 1,000-4,999 5,000-9,999 10,000 or More Total
1975-1979 $10,500,637 $26,435,645 $122,694,866 $92,575,001 --- --- $252,206,149 0.5%

1980-1984 14,656,453 43,603,693 241,453,003 443,942,741 --- --- 743,655,891 1.6%

1985-1989 10,395,184 48,393,525 305,384,721 354,600,414 $738,503,991 $244,441,168 1,701,719,003 3.6%

1990-1994 18,144,608 80,295,376 565,528,731 870,001,122 62,798,864 1,245,201,266 2,841,969,967 6.1%

1995-1999 16,544,894 63,599,766 317,889,581 253,389,484 131,429,424 --- 782,853,148 1.7%

2000-2004 23,798,513 135,337,759 1,305,976,271 2,682,411,819 3,222,950,881 7,415,208,084 14,785,683,327 31.7%

2005-2009 43,211,919 148,206,522 1,026,277,252 1,580,149,804 810,518,471 19,316,044,481 22,924,408,449 49.1%

2010 10,049,433 72,920,612 385,343,479 427,399,832 334,640,249 --- 1,230,353,606 2.6%

2011 13,864,259 45,084,630 207,562,339 413,598,311 11,381,545 --- 691,491,084 1.5%

2012 5,724,655 43,931,976 287,779,833 286,472,794 115,335,047 --- 739,244,305 1.6%

TOTAL $166,890,555 $707,809,506 $4,765,890,076 $7,404,541,322 $5,427,558,473 $28,220,894,998 $46,693,584,930 100.0%

Percent of Total 0.4% 1.5% 10.2% 15.9% 11.6% 60.4% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/11) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews and establishes termination dates.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

NUMBER OF PLAN PARTICIPANTS

Table S-14

PBGC Claims by Fiscal Year and Plan Size (1975-2011)

Single-Employer Program

Fiscal Year Fewer Than 25 25-99 100-999 1,000-4,999 5,000-9,999 10,000 or More Total
Number of Plan

Participants

Fewer Than 25 1,211 22 --- --- --- 1,233

25-99 1,301 203 --- --- --- 1,504

100-999 527 785 106 --- --- 1,418

1,000-4,999 8 56 147 12 --- 223

5,000-9,999 --- 1 16 18 --- 35

10,000 or more 1 --- 6 18 9 34

TOTAL 3,048 1,067 275 48 9 4,447

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews.

Total

Table S-15

PBGC Trusteed Plans by Size of Claim and Plan Size (1975-2012)

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion

$1 Million $1 - $9 Million $10 - $99 Million $100 - $999 Million or More
Number of Plan

Participants

Fewer Than 25 $134,636,671 $32,253,884 --- --- --- $166,890,555

25-99 331,747,857 376,061,649 --- --- --- 707,809,506

100-999 217,126,694 2,664,798,504 $1,883,964,879 --- --- 4,765,890,076

1,000-4,999 4,499,065 281,138,615 5,198,411,879 $1,920,491,764 --- 7,404,541,322

5,000-9,999 --- 6,420,836 807,378,399 4,613,759,238 --- 5,427,558,473

10,000 or more 629,850 --- 353,118,630 7,119,167,372 $20,747,979,147 28,220,894,999

TOTAL $688,640,136 $3,360,673,487 $8,242,873,786 $13,653,418,374 $20,747,979,147 $46,693,584,930

Percent of Total 1.5% 7.2% 17.7% 29.2% 44.4% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Total

Table S-16

PBGC Claims by Size of Claim and Plan Size (1975-2012)

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion

$1 Million $1 - $9 Million $10 - $99 Million $100 - $999 Million or More
Fewer Than 25 454 257 220 302 1,233

25-99 418 384 405 297 1,504

100-999 237 385 543 253 1,418

1,000-4,999 32 70 88 33 223

5,000-9,999 3 15 12 5 35

10,000 or more 1 13 16 4 34

TOTAL 1,145 1,124 1,284 894 4,447

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews.

 50%-74% 75% or More Total

Table S-17

PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2012)

Single-Employer Program

Number of Plan FUNDED RATIO

Participants Less Than 25% 25%-49%
Number of Plan

Participants

Fewer Than 25 $88,208,548 $48,874,198 $25,499,668 $4,308,141 $166,890,555

25-99 262,375,100 246,047,396 176,920,564 22,466,447 707,809,506

100-999 794,857,205 1,793,280,211 1,964,080,901 213,671,759 4,765,890,076

1,000-4,999 1,757,433,095 2,821,421,143 2,655,067,502 170,619,582 7,404,541,322

5,000-9,999 584,025,842 3,154,228,435 1,519,773,293 169,530,904 5,427,558,473

10,000 or more 779,537,388 18,706,404,113 8,605,443,903 129,509,595 28,220,894,999

TOTAL $4,266,437,177 $26,770,255,495 $14,946,785,832 $710,106,426 $46,693,584,930

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Claim values and distributions are subject to change as PBGC completes reviews.

Due to rounding of individual items, numbers may not add up to totals.

Total

Table S-18

PBGC Claims by Funded Ratio and Plan Size (1975-2012)

Single-Employer Program

FUNDED RATIO

Less Than 25% 25%-49% 50%-74% 75% or More
Table S-19

PBGC Claims by Industry (1975-2012)

Single-Employer Program

Vested 

Industry Total Claims Plans Participants

AGRICULTURE, MINING, AND CONSTRUCTION $677,309,145 1.5% 246 52,327

MANUFACTURING 27,049,468,291 57.9% 2,702 1,193,729

Apparel and Textile Mill Products 1,260,009,339 2.7% 199 170,190

Fabricated Metal Products 1,673,135,762 3.6% 641 119,776

Food and Tobacco Products 419,971,411 0.9% 178 43,553

Machinery Manufacturing 1,260,117,569 2.7% 278 93,318

Motor Vehicle Equipment 7,004,780,153 15.0% 121 130,244

Primary Metals 12,146,122,950 26.0% 348 400,282

Rubber and Miscellaneous Plastics 509,124,740 1.1% 127 35,930

Other Manufacturing 2,776,206,367 5.9% 810 200,436

TRANSPORTATION AND PUBLIC UTILITIES 14,415,327,539 30.9% 199 342,821

Air Transportation 14,011,829,690 30.0% 42 310,259

Other Transportation and Utilities 403,497,849 0.9% 157 32,562

INFORMATION 128,555,828 0.3% 58 9,721

WHOLESALE TRADE 502,848,978 1.1% 284 39,963

RETAIL TRADE 686,888,630 1.5% 319 134,433

FINANCE, INSURANCE, AND REAL ESTATE 1,049,741,388 2.2% 136 82,955

SERVICES 2,183,445,131 4.7% 503 139,724

TOTAL $46,693,584,930 100.0% 4,447 1,995,673

Sources: PBGC Fiscal Year Closing File (9/30/12) and PBGC Case Management System.

Values and distributions are subject to change as PBGC completes reviews.

Industry classifications for PBGC claims are based on the principal business activity codes used in the North American Industry Classification System.

Due to rounding of individual items, numbers and percentages may not add up to totals.
Table S-20

PBGC Benefit Payments, Payees, and Deferred Payees (1980-2012)

Single-Employer Program

LUMP-SUM PAYMENTS ALL PAYMENTS

Average Median 

Fiscal Payees Monthly Monthly Payees Average Payees Deferred

Year Total in Year Payment Payment Total in Year Payment Total in Year Payees

(in millions) (in thousands) (in millions) (in thousands) (in millions) (in thousands) (in thousands)

1980 $34 28 $124 $91 $3 2 $1,623 $37 30 25

1985 166 75 226 128 4 2 1,782 170 77 92

1990 356 110 262 184 13 6 2,437 369 116 85

1995 739 182 344 232 22 6 3,335 761 187 163

1996 770 199 328 225 20 7 2,757 790 206 182

1997 800 204 316 212 23 9 2,629 823 213 202

1998 826 208 313 208 21 9 2,198 847 216 213

1999 844 214 311 208 56 16 3,553 901 229 225

2000 831 226 309 206 71 19 3,726 902 243 226

2001 954 266 325 208 88 18 4,817 1,042 283 246

2002 1,458 343 383 242 79 21 3,757 1,537 362 326

2003 2,401 457 453 275 87 22 4,220 2,488 477 375

2004 2,918 517 475 281 88 21 4,229 3,006 533 424

2005 3,607 683 487 286 78 17 4,633 3,685 698 489

2006 4,011 612 531 296 71 13 5,145 4,082 622 520

2007 4,179 630 539 281 87 17 5,154 4,266 645 534

2008 4,211 639 534 289 81 17 4,828 4,292 653 495

2009 4,409 743 598 305 69 12 4,289 4,478 754 565

2010 5,361 746 594 316 106 16 6,661 5,467 758 614

2011 5,172 775 579 287 168 48 3,517 5,340 781 595

2012 5,299 781 559 284 85 38 2,198 5,384 786 590

Sources: PBGC Participant System (PRISM), fiscal year calculations, PBGC Management Reports, and PBGC Benefit Payment Reports.

Lump-sum payments include cash-outs of pensions with de minimis present values and back payments to current pensioners.

Since some payees received both pensions and lump-sum payments, total number of payees may be less than the sum of pensioners and lump-sum recipients.

Excludes participants in plans that are in probable termination status as of end of fiscal year.

Due to rounding of individual items, numbers may not add up across columns.

PERIODIC PENSION PAYMENTS
Prior to 1980 4,789 0.6% $6.4 0.1% $108 $85 1,383

1980 to 1984 21,072 2.7% 52.8 1.0% 201 161 3,551

1985 to 1989 34,263 4.4% 115.7 2.1% 270 197 6,563

1990 to 1994 86,304 11.0% 363.9 6.8% 335 240 24,254

1995 7,308 0.9% 27.1 0.5% 297 160 3,639

1996 9,599 1.2% 26.2 0.5% 218 122 4,036

1997 12,751 1.6% 43.6 0.8% 274 197 6,916

1998 4,457 0.6% 14.3 0.3% 259 153 3,775

1999 8,358 1.1% 24.9 0.5% 238 152 12,447

2000 9,246 1.2% 26.1 0.5% 227 125 3,668

2001 47,685 6.1% 282.7 5.3% 474 288 23,636

2002 95,274 12.1% 552.7 10.3% 468 301 36,796

2003 99,553 12.7% 872.8 16.2% 709 426 45,595

2004 66,014 8.4% 342.6 6.4% 414 235 40,799

2005 107,049 13.6% 1,067.8 19.8% 824 449 123,203

2006 20,789 2.6% 282.1 5.2% 1,083 440 18,052

2007 12,480 1.6% 55.7 1.0% 362 191 13,224

2008 10,683 1.4% 47.5 0.9% 424 215 12,440

2009 94,782 12.1% 1,009.5 18.7% 890 512 132,710

2010 22,278 2.8% 120.5 2.2% 462 272 34,432

2011 8,956 1.1% 44.6 0.8% 497 284 21,312

2012 2,635 0.3% 4.7 0.1% 436 191 17,087

TOTAL 786,325 100.0% $5,384.4 100.0% $559 $284 589,518

Sources: PBGC Participant System (PRISM), fiscal year calculations, and PBGC Management Reports.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Table S-21

PBGC Payees and Benefit Payments by Date of Plan Termination (2012)

Single-Employer Program

Average Median

Plan Termination Payees in 2012 Benefit Payments in 2012 Pension Pension

Fiscal Year of Monthly Monthly Deferred

Payees in 2011

(in millions)
Table S-22

PBGC Payees and Benefit Payments by Size of Trusteed Plan (2012)

Single-Employer Program

Number

of Plan

Participants Payees

Fewer Than 100 41,933 5.3% $129.2 2.4% $239 $137

100 - 499 98,550 12.5% 377.0 7.0% 308 192

500 - 999 62,902 8.0% 256.1 4.8% 330 204

1,000 - 4,999 173,013 22.0% 875.1 16.3% 417 239

5,000 - 9,999 93,712 11.9% 742.5 13.8% 646 387

10,000 - 24,999 141,355 18.0% 1,259.7 23.4% 730 307

25,000 or more 174,860 22.2% 1,744.9 32.4% 814 640

TOTAL 786,325 100.0% $5,384.4 100.0% $559 $287

Sources: PBGC Participant System (PRISM), fiscal year calculations, and PBGC Management Reports.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

(in millions)

Average Median

Monthly Pension Monthly Pension

Payments Payment Payment
Payees Payees Payees

Younger Than 60 53,470 100.0% $558 30,500 57.0% $661 22,970 43.0% $424

60 - 64 114,005 100.0% 637 70,156 61.5% 737 43,849 38.5% 481

65 - 69 169,687 100.0% 626 106,503 62.8% 726 63,184 37.2% 460

70 - 74 144,754 100.0% 606 91,564 63.3% 751 53,190 36.7% 361

75 - 79 114,901 100.0% 557 68,929 60.0% 735 45,972 40.0% 286

80 - 84 91,319 100.0% 475 48,584 53.2% 673 42,735 46.8% 237

85 and older 92,469 100.0% 370 37,320 40.4% 582 55,149 59.6% 203

TOTAL 780,605 100.0% $559 453,556 58.1% $710 327,049 41.9% $346

Sources: PBGC Participant System (PRISM), fiscal year calculations, and PBGC Management Reports.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Numbers in table include periodic payees only.

Table S-23

Total PBGC Payees and Average Benefit Payments by Gender and Age (2012)

Single-Employer Program

TOTAL PERIODIC PAYEES MALE FEMALE

Age Pension Pension Pension

Average Average Average 

Monthly Monthly Monthly 
Single-Employer Program

Payees Payees Payees

Younger Than 60 44,313 100.0% $601 29,507 66.6% $673 14,806 33.4% $456

60 - 64 103,722 100.0% 665 69,475 67.0% 742 34,247 33.0% 516

65 - 69 154,248 100.0% 654 105,427 68.3% 730 48,821 31.7% 492

70 - 74 126,808 100.0% 650 90,463 71.3% 757 36,345 28.7% 385

75 - 79 95,126 100.0% 617 67,961 71.4% 743 27,165 28.6% 299

80 - 84 70,437 100.0% 546 47,790 67.8% 680 22,647 32.2% 245

85 and older 64,435 100.0% 436 36,429 56.5% 591 28,006 43.5% 198

TOTAL 659,089 100.0% $611 447,052 67.8% $717 212,037 32.2% $385

Sources: PBGC Participant System (PRISM), fiscal year calculations, and PBGC Management Reports.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Numbers in table include periodic payees only.

Average Average Average 

Table S-24

PBGC Retired Payees and Average Benefit Payments by Gender and Age (2012)

TOTAL RETIRED PAYEES MALE FEMALE

Monthly Monthly Monthly 

Age Pension Pension Pension
Single-Employer Program

Payees Payees Payees

Younger Than 60 9,157 100.0% $361 993 10.8% $295 8,164 89.2% $369

60 - 64 10,283 100.0% 357 681 6.6% 284 9,602 93.4% 362

65 - 69 15,439 100.0% 347 1,076 7.0% 278 14,363 93.0% 352

70 - 74 17,946 100.0% 305 1,101 6.1% 253 16,845 93.9% 308

75 - 79 19,775 100.0% 265 968 4.9% 185 18,807 95.1% 269

80 - 84 20,882 100.0% 227 794 3.8% 172 20,088 96.2% 229

85 and older 28,034 100.0% 207 891 3.2% 149 27,143 96.8% 209

TOTAL 121,516 100.0% $276 6,504 5.4% $233 115,012 94.6% $279

Sources: PBGC Participant System (PRISM), fiscal year calculations, and PBGC Management Reports.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Numbers in table include periodic payees only.

Average Average Average 

Table S-25

PBGC Beneficiary Payees and Average Benefit Payments by Gender and Age (2011)

TOTAL BENEFICIARY PAYEES MALE FEMALE

Monthly Monthly Monthly 

Age Pension Pension Pension
Table S-26

Single-Employer Program

Less Than $50 42,805 5.5% $17,280,390 0.3%

$50 - $99 105,896 13.6% 101,425,711 1.9%

$100 - $149 90,565 11.6% 136,889,031 2.6%

$150 - $199 65,398 8.4% 138,576,751 2.6%

$200 - $249 54,321 7.0% 148,763,293 2.8%

$250 - $299 41,409 5.3% 139,266,763 2.6%

$300 - $349 37,362 4.8% 149,021,569 2.8%

$350 - $399 28,735 3.7% 133,052,141 2.5%

$400 - $449 27,232 3.5% 143,073,818 2.7%

$450 - $499 22,457 2.9% 132,415,391 2.5%

$500 - $549 21,577 2.8% 140,861,311 2.7%

$550 - $599 18,432 2.4% 132,978,327 2.5%

$600 - $749 44,221 5.7% 370,519,565 7.0%

$750 - $999 48,030 6.2% 516,660,412 9.8%

$1,000 - $1,499 65,042 8.3% 991,240,773 18.7%

$1,500 - $1,999 37,264 4.8% 779,075,974 14.7%

$2,000 - $2,499 14,196 1.8% 382,509,046 7.2%

$2,500 or more 15,662 2.0% 745,453,938 14.1%

TOTAL 780,605 100.0% $5,299,064,201 100.0%

Sources: PBGC Participant System (PRISM), fiscal year calculations, and PBGC Management Reports.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Numbers in table include periodic payees only.

Total PBGC Payees and Benefit Payments by Size of Monthly Payment (2012)

Monthly Payment Total Payees Total Pension Payments
Less Than $50 31,960 4.8% $13,206,098 0.3%

$50 - $99 74,216 11.3% 69,921,903 1.4%

$100 - $149 69,327 10.5% 105,151,384 2.2%

$150 - $199 53,966 8.2% 114,443,426 2.3%

$200 - $249 45,856 7.0% 125,269,954 2.6%

$250 - $299 34,825 5.3% 116,975,544 2.4%

$300 - $349 32,034 4.9% 127,886,230 2.6%

$350 - $399 25,038 3.8% 115,965,952 2.4%

$400 - $449 24,227 3.7% 127,484,680 2.6%

$450 - $499 20,053 3.0% 118,489,720 2.4%

$500 - $549 19,493 3.0% 127,521,243 2.6%

$550 - $599 16,729 2.5% 121,063,963 2.5%

$600 - $749 40,406 6.1% 339,512,141 6.9%

$750 - $999 44,191 6.7% 476,616,799 9.7%

$1,000 - $1,499 61,827 9.4% 944,907,121 19.3%

$1,500 - $1,999 36,240 5.5% 757,631,922 15.5%

$2,000 - $2,499 13,715 2.1% 369,429,876 7.6%

$2,500 or more 14,986 2.3% 717,739,219 14.7%

TOTAL 659,089 100.0% $4,889,217,174 100.0%

Sources: PBGC Participant System (PRISM), fiscal year calculations, and PBGC Management Reports.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Numbers in table include periodic payees only.

Table S-27

PBGC Retired Payees and Benefit Payments by Size of Monthly Payment (2012)

Single-Employer Program

Monthly Payment Retired Payees Total Pension Payments
Less Than $50 10,845 8.9% $4,074,293 1.0%

$50 - $99 31,681 26.1% 31,503,807 7.7%

$100 - $149 21,238 17.5% 31,737,646 7.7%

$150 - $199 11,432 9.4% 24,133,325 5.9%

$200 - $249 8,465 7.0% 23,493,339 5.7%

$250 - $299 6,584 5.4% 22,291,219 5.4%

$300 - $349 5,328 4.4% 21,135,339 5.2%

$350 - $399 3,697 3.0% 17,086,189 4.2%

$400 - $449 3,005 2.5% 15,589,138 3.8%

$450 - $499 2,404 2.0% 13,925,671 3.4%

$500 - $549 2,084 1.7% 13,340,068 3.3%

$550 - $599 1,703 1.4% 11,914,364 2.9%

$600 - $749 3,815 3.1% 31,007,423 7.6%

$750 - $999 3,839 3.2% 40,043,613 9.8%

$1,000 - $1,499 3,215 2.6% 46,333,651 11.3%

$1,500 - $1,999 1,024 0.8% 21,444,052 5.2%

$2,000 - $2,499 481 0.4% 13,079,170 3.2%

$2,500 or more 676 0.6% 27,714,719 6.8%

TOTAL 121,516 100.0% $409,847,027 100.0%

Sources: PBGC Participant System (PRISM), fiscal year calculations, and PBGC Management Reports.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

Numbers in table include periodic payees only.

Table S-28

PBGC Beneficiary Payees and Benefit Payments by Size of Monthly Payment (2012)

Single-Employer Program

Monthly Payment Beneficiary Payees Total Pension Payments
Mean Median

Monthly Monthly

Pension Pension

AGRICULTURE, MINING, AND CONSTRUCTION 15,489 2.0% $85,166,074 1.6% $449 $261

MANUFACTURING 509,716 64.8% 3,157,381,415 58.6% 489 257

Apparel and Textile Mill Products 68,192 8.7% 154,874,659 2.9% 183 98

Fabricated Metal Products 43,776 5.6% 190,803,423 3.5% 357 224

Food and Tobacco Products 12,966 1.6% 38,487,932 0.7% 236 155

Machinery and Computer Equipment 36,069 4.6% 184,402,004 3.4% 400 223

Motor Vehicle Equipment 57,998 7.4% 759,055,181 14.1% 1091 1079

Primary Metals 206,762 26.3% 1,460,989,797 27.1% 564 373

Rubber and Miscellaneous Plastics 11,958 1.5% 45,149,151 0.8% 304 203

Other Manufacturing 71,995 9.2% 323,619,268 6.0% 369 215

TRANSPORTATION AND PUBLIC UTILITIES 155,187 19.7% 1,647,092,716 30.6% 854 487

Air Transportation 144,308 18.4% 1,596,191,066 29.6% 920 519

Other Transportation 10,829 1.4% 50,790,147 0.9% 379 190

Public Utilities 50 * 111,503 * 176 144

INFORMATION 3,983 0.5% 15,739,923 0.3% 316 192

WHOLESALE TRADE 11,567 1.5% 49,727,864 0.9% 352 208

RETAIL TRADE 33,680 4.3% 100,603,141 1.9% 241 148

FINANCE, INSURANCE, AND REAL ESTATE 22,754 2.9% 161,226,736 3.0% 595 335

SERVICES 33,530 4.3% 165,641,039 3.1% 418 234

Health Care 20,462 2.6% 108,442,278 2.0% 444 262

Other Services 13,068 1.7% 57,198,761 1.1% 388 196

NON-PROFIT ORGANIZATIONS 419 0.1% 1,869,868 * 371 155

TOTAL 786,325 100.0% $5,384,448,777 100.0% $559 $284

Sources: PBGC Participant System (PRISM), fiscal year calculations, and PBGC Management Reports.

Due to rounding of individual items, numbers and percentages may not add up to totals.

Industry classifications are based on principal business activity code used in the North American Industry Classification System. 

*Less than 0.05 of one percent.

Table S-29

PBGC Payees and Benefit Payments by Industry (2012)

 Single-Employer Program

Industry Payees Benefit Payments
Table S-30

PBGC-Insured Plan Participants (1980-2013)

Single-Employer Program

Total In Plans with In Plans with In Plans with In Plans with In Plans with In Plans with In Plans with

Insured 10,000 or more 5,000-9,999 1,000-4,999 250-999 100-249 25-99 Fewer Than 25

Year Participants Participants Participants Participants Participants Participants Participants Participants

(in thousands) (in thousands) (in thousands) (in thousands) (in thousands) (in thousands) (in thousands) (in thousands)

1980 27,518 12,044 2,833 5,776 3,852 1,436 1,064 513

1985 29,809 12,724 3,164 6,579 4,032 1,585 1,164 561

1990 31,633 14,336 3,351 6,989 4,064 1,429 1,023 441

1995 32,634 16,934 3,771 6,908 3,136 1,062 625 198

1996 32,724 17,076 3,843 6,896 3,128 1,005 591 185

1997 33,214 18,046 3,787 6,767 3,008 919 527 160

1998 33,545 18,568 3,905 6,719 2,883 847 476 147

1999 33,804 19,591 3,869 6,355 2,662 776 422 130

2000 34,108 20,337 3,738 6,225 2,569 733 387 119

2001 34,342 21,100 3,661 6,045 2,408 673 346 110

2002 34,248 21,573 3,537 5,846 2,263 605 322 102

2003 34,407 21,947 3,609 5,682 2,164 593 310 100

2004 34,523 22,378 3,603 5,491 2,083 565 304 100

2005 34,232 22,293 3,607 5,373 2,013 550 297 98

2006 33,933 22,143 3,705 5,196 1,974 530 289 96

2007 33,892 22,149 3,756 5,149 1,929 523 289 97

2008 33,888 22,251 3,703 5,164 1,888 504 282 96

2009 33,833 22,452 3,637 5,105 1,800 480 266 93

2010 33,447 22,555 3,504 4,903 1,689 452 254 89

2011 33,388 22,811 3,447 4,752 1,617 434 241 85

2012 32,516 22,313 3,417 4,566 1,499 407 233 82

2013 31,900 21,913 3,353 4,468 1,468 393 225 80

Source: PBGC Premium Filings.

Due to rounding of individual items, numbers may not add up across columns.
Table S-31

PBGC-Insured Plans (1980-2013)

Single-Employer Program

Insured Insured Insured Insured Insured Insured Insured

Total Plans with Plans with Plans with Plans with Plans with Plans with Plans with

Insured 10,000 or more 5,000-9,999 1,000-4,999 250-999 100-249 25-99 Fewer Than 25

Year Plans Participants Participants Participants Participants Participants Participants Participants

1980 95,439 349 365 2,858 7,439 8,512 19,069 56,847

1985 112,208 354 435 3,125 8,230 10,003 22,609 67,452

1990 91,899 458 477 3,400 8,085 8,976 19,464 51,039

1995 53,589 528 559 3,308 6,743 6,850 11,674 23,927

1996 48,748 531 556 3,280 6,217 6,225 10,931 21,008

1997 43,902 563 550 3,199 5,962 5,734 9,822 18,072

1998 41,462 570 565 3,139 5,693 5,255 8,788 17,452

1999 37,536 603 555 2,933 5,271 4,803 7,779 15,592

2000 35,373 621 531 2,875 5,056 4,536 7,150 14,604

2001 32,954 644 522 2,787 4,757 4,154 6,335 13,755

2002 31,229 632 505 2,671 4,461 3,742 5,875 13,343

2003 30,611 621 514 2,569 4,238 3,662 5,705 13,302

2004 30,148 627 510 2,478 4,083 3,483 5,616 13,351

2005 29,605 618 509 2,404 3,935 3,379 5,493 13,267

2006 28,923 592 525 2,337 3,850 3,272 5,341 13,006

2007 29,255 595 533 2,336 3,768 3,204 5,352 13,467

2008 28,876 591 524 2,339 3,700 3,090 5,253 13,379

2009 27,797 595 514 2,311 3,534 2,960 4,977 12,906

2010 26,377 570 492 2,200 3,313 2,777 4,796 12,229

2011 25,607 580 488 2,142 3,189 2,681 4,561 11,966

2012 24,215 568 484 2,053 2,976 2,506 4,408 11,220

2013 23,399 561 471 1,997 2,903 2,423 4,260 10,784

Source: PBGC Premium Filings.
Table S-32

PBGC-Insured Plan Participants by Participant Status (1980-2011)

Single-Employer Program

Active Retired Separated Vested

Year Participants Participants Participants

1980 77.6% 16.0% 6.4%

1985 72.2% 18.7% 9.1%

1990 68.1% 19.4% 12.6%

1995 57.8% 22.9% 19.3%

1996 55.3% 23.0% 21.8%

1997 54.7% 23.7% 21.5%

1998 54.2% 23.8% 22.0%

1999 53.7% 23.9% 22.4%

2000 51.9% 24.4% 23.7%

2001 51.3% 24.6% 24.1%

2002 49.8% 25.2% 25.0%

2003 48.6% 25.4% 26.0%

2004 47.2% 26.1% 26.7%

2005 45.7% 26.6% 27.6%

2006 44.8% 27.1% 28.1%

2007 43.5% 27.8% 28.7%

2008 43.3% 28.0% 28.7%

2009 40.2% 29.4% 30.4%

2010 38.5% 30.9% 30.6%

2011 37.8% 31.7% 30.5%

Source: Internal Revenue Service Form 5500 Series Filings for single-employer plans. Data for plan years prior to 1999 include only 

plans with 100 or more participants. Due to rounding of individual items, percentages may not add up to 100%.

2011 figures are estimates from PBGC internal calculations. 
Single-Employer Multiemployer Total PBGC-Insured

Year Active Participants Active Participants Active Participants

1980 74,095 28.8% 8.2% 37.0%

1985 82,180 26.2% 6.6% 32.8%

1990 89,614 24.0% 5.6% 29.6%

1991 88,875 23.8% 5.4% 29.1%

1992 90,372 22.8% 5.2% 28.0%

1993 92,399 21.6% 5.0% 26.6%

1994 95,595 20.7% 4.7% 25.4%

1995 96,429 19.6% 4.7% 24.2%

1996 98,896 18.3% 4.6% 22.9%

1997 101,999 17.8% 4.5% 22.3%

1998 103,698 17.5% 4.4% 21.9%

1999 105,707 17.2% 4.3% 21.5%

2000 108,097 16.4% 4.3% 20.7%

2001 106,747 16.5% 4.4% 20.9%

2002 106,687 16.0% 4.3% 20.3%

2003 108,331 15.4% 4.2% 19.7%

2004 109,462 14.9% 4.1% 19.0%

2005 112,422 13.9% 4.0% 17.9%

2006 114,520 13.3% 3.9% 17.2%

2007 115,524 12.8% 3.9% 16.6%

2008 112,265 13.1% 4.0% 17.0%

2009 107,103 12.7% 4.0% 16.7%

2010 108,986 11.8% 3.7% 15.6%

2011 110,672 11.1% 3.6% 14.7%

Sources: PBGC Pension 

 salary workers from Labor Force Statistics from the Current Population Survey (Bureau of Labor Statistics, U.S. Department of Labor).

 Previous versions of this table were based on employed and unemployed workers.

Due to rounding of individual items, percentages may not add up across columns.

PERCENTAGE OF PRIVATE-SECTOR WAGE AND SALARY WORKERS

Private-Sector 

Wage and Salary Workers

(in thousands)

Table S-33

PBGC-Insured Active Participants

as a Percent of Employed Private-Sector Wage and Salary Workers

(1980-2011)
TOTAL INSURED PLANS

Beginning Total Hybrid Percent Total Hybrid Percent Total Hybrid Percent Total Hybrid Percent

of Year Plans Plans Hybrid Plans Plans Hybrid Plans Plans Hybrid Plans Plans Hybrid

2001 32,954 1,227 3.7% 1,166 256 22.0% 2,787 290 10.4% 29,001 681 2.3%

2002 31,229 1,308 4.2% 1,137 263 23.1% 2,671 310 11.6% 27,421 735 2.7%

2003 30,611 1,541 5.0% 1,135 303 26.7% 2,569 326 12.7% 26,907 912 3.4%

2004 30,148 1,756 5.8% 1,137 342 30.1% 2,478 338 13.6% 26,533 1,076 4.1%

2005 29,605 1,944 6.6% 1,127 342 30.3% 2,404 331 13.8% 26,074 1,271 4.9%

2006 28,923 2,116 7.3% 1,117 352 31.5% 2,337 347 14.8% 25,469 1,417 5.6%

2007 29,255 2,439 8.3% 1,128 356 31.6% 2,336 350 15.0% 25,791 1,733 6.7%

2008 28,876 3,396 11.8% 1,115 357 32.0% 2,339 357 15.3% 25,422 2,682 10.5%

2009 27,797 3,251 11.7% 1,109 376 33.9% 2,311 364 15.8% 24,377 2,511 10.3%

2010 26,377 3,606 13.7% 1,062 389 36.6% 2,200 371 16.9% 23,115 2,846 12.3%

2011 25,607 3,996 15.6% 1,068 392 36.7% 2,142 376 17.6% 22,397 3,228 14.4%

Source: Internal Revenue Service Form 5500 Series Filings for single-employer plans.

Hybrid plans incorporate elements of both defined benefit and defined contribution plans but are treated as defined benefit plans. They often 

 express benefits in terms of an account balance. The two most common types of hybrid plans are Cash Balance Plans and Pension Equity Plans.

5,000 OR MORE PARTICIPANTS 1,000 - 4,999 PARTICIPANTS FEWER THAN 1,000 PARTICIPANTS

Table S-34

PBGC-Insured Hybrid Plans by Plan Size (2001-2011)

Single-Employer Program

INSURED PLANS WITH INSURED PLANS WITH INSURED PLANS WITH
TOTAL INSURED PLANS

Participants % in Participants % in Participants % in Participants % in

Beginning Total in Hybrid Hybrid Total in Hybrid Hybrid Total in Hybrid Hybrid Total in Hybrid Hybrid

of Year Participants Plans Plans Participants Plans Plans Participants Plans Plans Participants Plans Plans

(in thousands) (in thousands) (in thousands) (in thousands) (in thousands) (in thousands) (in thousands) (in thousands)

2001 34,342 7,034 20.5% 24,761 6,180 25.0% 6,045 698 11.5% 3,536 156 4.4%

2002 34,248 7,915 23.1% 25,110 6,999 27.9% 5,846 763 13.1% 3,292 153 4.6%

2003 34,407 8,475 24.6% 25,556 7,530 29.5% 5,682 789 13.9% 3,168 156 4.9%

2004 34,523 9,993 28.9% 25,981 8,979 34.6% 5,491 837 15.2% 3,051 177 5.8%

2005 34,232 10,333 30.2% 25,900 9,328 36.0% 5,373 821 15.3% 2,959 184 6.2%

2006 33,933 10,326 30.4% 25,848 9,284 35.9% 5,196 853 16.4% 2,889 189 6.5%

2007 33,892 10,921 32.2% 25,905 9,842 38.0% 5,149 874 17.0% 2,838 205 7.2%

2008 33,888 10,687 31.5% 25,954 9,569 36.9% 5,164 878 17.0% 2,770 240 8.7%

2009 33,833 11,602 34.3% 26,089 10,473 40.1% 5,105 896 17.5% 2,639 232 8.8%

2010 33,447 12,490 37.3% 26,059 11,344 43.5% 4,903 905 18.5% 2,484 241 9.7%

2011 33,388 12,642 37.9% 26,259 11,486 43.7% 4,752 914 19.2% 2,377 242 10.2%

Source: Internal Revenue Service Form 5500 Series Filings for single-employer plans.

Hybrid plans incorporate elements of both defined benefit and defined contribution plans but are treated as defined benefit plans. They often 

 express benefits in terms of an account balance. The two most common types of hybrid plans are Cash Balance Plans and Pension Equity Plans.

Because most hybrid plans converted from traditional defined benefit plans, not all participants will receive benefits based on the hybrid plan design.

5,000 OR MORE PARTICIPANTS 1,000 - 4,999 PARTICIPANTS FEWER THAN 1,000 PARTICIPANTS

Table S-35

PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2011)

Single-Employer Program

INSURED PLANS WITH INSURED PLANS WITH INSURED PLANS WITH
Table S-36

PBGC-Insured Plans by Status of Benefit Accruals

and Participation Freeze (2008-2011)

Single-Employer Program

With accrual or participation freeze provision

Total with 

provision Hard-Frozen

Accruals 

continue, but 

plan closed to 

new entrants

Partiallyfrozen and 

plan closed to 

new entrants1

Partiallyfrozen and 

open to new 

entrants1

NUMBER OF PLANS

2008 8,059 6,072 1,053 574 360 20,817 28,876

2009 9,346 7,143 1,158 655 390 18,451 27,797

2010 9,976 7,722 1,171 675 408 16,401 26,377

2011 10,535 8,156 1,298 706 375 15,072 25,607

PERCENT OF PLANS

2008 27.9% 21.0% 3.6% 2.0% 1.2% 72.1% 100.0%

2009 33.6% 25.7% 4.2% 2.4% 1.4% 66.4% 100.0%

2010 37.8% 29.3% 4.4% 2.6% 1.5% 62.2% 100.0%

2011 41.1% 31.9% 5.1% 2.8% 1.5% 58.9% 100.0%

Source: PBGC Premium Filings.

Hard-frozen plans are plans where no participants are receiving new benefit accruals for additional service or higher compensation.

2011 figures are estimates from PBGC internal calculations. 

1 Includes plans where only service is frozen, or pay and/or service is frozen for some participants.

Beginning of Plan 

Year

With no 

accrual or 

participation 

freeze

Total
Table S-37

Active Participants in PBGC-Insured Plans by Status of Benefit

Accruals and Whether a Plan is Open to New Entrants (2008-2011)

Single-Employer Program

Complete or partial accrual freeze No accrual freeze

Hard-Frozen

Accruals 

partially 

frozen and 

plan closed to 

new entrants1

Accruals 

partially 

frozen and 

open to new 

entrants1

Plan closed to 

new entrants

Plan open to 

new entrants Total

NUMBER OF ACTIVE 

PARTICIPANTS 

(in thousands)

2008 1,202 819 521 1,357 10,586 11,943 14,485

2009 1,418 736 468 1,361 9,649 11,011 13,633

2010 1,728 969 554 1,425 8,943 10,368 13,618

2011 1,858 1,196 526 1,662 7,719 9,381 12,961

PERCENT OF ACTIVE 

PARTICIPANTS

2008 8.3% 5.7% 3.6% 9.4% 73.1% 82.5% 100.0%

2009 10.4% 5.4% 3.4% 10.0% 70.8% 80.8% 100.0%

2010 12.7% 7.1% 4.1% 10.5% 65.7% 76.1% 100.0%

2011 14.3% 9.2% 4.1% 12.8% 59.6% 72.4% 100.0%

Source: PBGC Premium Filings and Form 5500.

Hard-frozen plans are plans where no participants are receiving new benefit accruals.

2011 figures are estimates from PBGC internal calculations. 

1 Includes plans where only service is frozen, or accruals are hard-frozen for some participants.

Beginning of Plan 

Year All Plans
Table S-38

PBGC-Insured Plans, Participants and Premiums by Industry (2011)

Single-Employer Program

Industry

AGRICULTURE, MINING, AND CONSTRUCTION 2,207 8.6% 564 1.7% $35,635,156 1.7%

MANUFACTURING 6,261 24.5% 14,931 44.8% 954,559,356 46.1%

Chemical and Allied Products 580 2.3% 1,946 5.8% 120,525,374 5.8%

Fabricated Metal Products 1,020 4.0% 564 1.7% 40,413,732 2.0%

Food, Beverage and Tobacco Products 620 2.4% 1,218 3.6% 66,788,589 3.2%

Machinery and Computer Equipment 745 2.9% 1,794 5.4% 120,063,423 5.8%

Motor Vehicle Equipment 258 1.0% 1,868 5.6% 145,409,943 7.0%

Paper Manufacturing 236 0.9% 558 1.7% 35,283,362 1.7%

Primary Metals 355 1.4% 486 1.5% 50,282,778 2.4%

Rubber and Miscellaneous Plastics 305 1.2% 330 1.0% 33,502,611 1.6%

Other Manufacturing 2,142 8.4% 6,167 18.5% 342,289,544 16.5%

TRANSPORTATION AND PUBLIC UTILITIES 938 3.7% 2,413 7.2% 251,032,624 12.1%

Air Transportation 53 0.2% 584 1.8% 114,711,704 5.5%

Other Transportation 511 2.0% 754 2.3% 44,011,329 2.1%

Public Utilities 374 1.5% 1,074 3.2% 92,309,591 4.5%

INFORMATION 648 2.5% 2,251 6.7% 135,935,136 6.6%

WHOLESALE TRADE 1,867 7.3% 772 2.3% 41,462,941 2.0%

RETAIL TRADE 1,134 4.4% 1,843 5.5% 93,219,944 4.5%

FINANCE, INSURANCE, AND REAL ESTATE 4,586 17.9% 4,107 12.3% 183,132,647 8.8%

SERVICES 7,070 27.6% 6,288 18.3% 358,415,603 17.3%

Health Care 2,117 8.3% 3,147 9.4% 182,208,110 8.8%

Other Services 4,953 19.3% 3,141 9.4% 176,207,493 8.5%

NON-PROFIT ORGANIZATIONS 896 3.5% 219 0.7% 18,606,593 0.9%

TOTAL 25,607 100.0% 33,388 100.0% $2,072,000,000 100.0%

Source: PBGC Premium Filings.

Due to rounding of individual items, numbers and percentages may not add up to totals.

Industry classifications are based on principal business activity codes used in the North American Industry Classification System. 

Insured Plans Insured Participants Premiums

(in thousands)
Flat-Rate Variable-Rate Premium Rate for 

Premium Premium* Certain Terminated Plans**

(per participant) (per participant)

September 2, 1974 - December 31, 1977 $1.00 -- --

1978 - 1985 2.60 -- --

1986 - 1987 8.50 -- --

1988 - 1990 16.00 $6 per $1,000 of unfunded vested benefits --

1991 - 2005 19.00 $9 per $1,000 of unfunded vested benefits --

2006 30.00*** $9 per $1,000 of unfunded vested benefits $1,250 per year for 3 years

2007 31.00 $9 per $1,000 of unfunded vested benefits $1,250 per year for 3 years

2008 33.00 $9 per $1,000 of unfunded vested benefits $1,250 per year for 3 years

2009 34.00 $9 per $1,000 of unfunded vested benefits $1,250 per year for 3 years

2010 - 2012 35.00 $9 per $1,000 of unfunded vested benefits $1,250 per year for 3 years

2013 42.00 $9 per $1,000 of unfunded vested benefits $1,250 per year for 3 years

* Only vested liabilities are used when determining underfunding for variable-rate premium payment purposes. Prior to July 1, 1996, the variable-rate premium

 was capped at various levels. Effective beginning with the 2007 plan year, a cap was imposed on the variable-rate premium for plans of small employers. If all 

 contributing sponsors to the plan and their controlled group members have 25 or fewer employees, the per-participant variable-rate premium for that plan will

 be capped at $5.00 times the number of participants in the plan. (The cap for the plan as a whole is effectively $5.00 times the square of the number of plan 

 participants.) Effective beginning with the 2008 plan year, an exemption that allowed some underfunded plans to escape payment of the variable-rate premium

 was eliminated and a modification was made to how underfunding is determined for variable-rate premium purposes. Effective with the 2013 plan year,

 the premium is capped at $400 per participant.

** Applies to certain distress or involuntary pension plan terminations that occur after 2005. For certain airline-related plans that terminate within five years of 

 electing to be covered under special funding rules, the annual termination premium (payable for three years) is $2,500 per participant. 

*** Beginning in 2007 and ending December 31, 2012, this amount was adjusted annually based on changes in the national average wage index (as defined in

 section 209(k)(1) of the Social Security Act). The premium rate wpuld not decline even if the national average wage index declined. The adjusted premium rate

 was rounded to the nearest multiple of $1. 

Beginning

Table S-39

PBGC's Historic Premium Rates

Single-Employer Program

For Plan Years
Single-Employer Program

Year

1980 $71.2 100.0% --- --- --- --- $71.2

1985 81.7 100.0% --- --- --- --- 81.7

1990 509.0 77.2% $150.0 22.8% --- --- 659.0

1995 587.0 70.0% 251.0 30.0% --- --- 838.0

1996 600.0 52.4% 546.0 47.6% --- --- 1,146.0

1997 646.0 60.5% 421.0 39.5% --- --- 1,067.0

1998 642.0 66.5% 324.0 33.5% --- --- 966.0

1999 611.0 67.7% 291.0 32.3% --- --- 902.0

2000 661.0 81.9% 146.0 18.1% --- --- 807.0

2001 674.0 82.1% 147.0 17.9% --- --- 821.0

2002 654.0 83.1% 133.0 16.9% --- --- 787.0

2003 647.0 68.2% 301.0 31.8% --- --- 948.0

2004 654.0 44.9% 804.0 55.1% --- --- 1,458.0

2005 664.0 45.8% 787.0 54.2% --- --- 1,451.0

2006 892.0 61.9% 550.0 38.1% --- --- 1,442.0

2007 1,057.0 71.6% 358.0 24.3% $61.0 4.1% 1,476.0

2008 1,104.0 78.7% 241.0 17.2% 57.0 4.1% 1,402.0

 2009* 1,126.0 61.8% 696.0 38.2% 0.0 0.0% 1,822.0

2010 1,188.0 53.2% 1,043.0 46.8% 0.0 0.0% 2,231.0

2011 1,143.0 55.2% 929.0 44.8% 0.0 0.0% 2,072.0

2012 1,123.0 42.5% 1,495.0 56.6% 24.0 0.9% 2,642.0

Source: PBGC Premium Filings.

Premium data include penalties and interest.

Due to rounding of individual items, percentages may not add up to 100%.

*Beginning in 2009, PBGC began reporting premium income net of bad debt expense for premium, interest, and penalties.

Table S-40

PBGC Premium Revenue (1980-2012)

Flat-Rate Variable-Rate Termination Total

Premium Premium Premium Premium

(in millions) (in millions) (in millions) (in millions)
Number of Plan Flat-Rate Variable-Rate Total

Participants Premium Premium Premium *

Fewer Than 100 $11,612,050 1.0% $11,736,787 1.3% $23,348,837 1.1%

100 - 499 37,712,999 3.3% 39,821,350 4.3% 77,534,349 3.7%

500 - 999 31,244,923 2.7% 36,056,740 3.9% 67,301,663 3.2%

1,000 - 2,499 77,291,450 6.8% 82,249,035 8.9% 159,540,485 7.7%

2,500 - 4,999 83,666,125 7.3% 77,202,529 8.3% 160,868,654 7.8%

5,000 - 9,999 119,108,720 10.4% 127,481,358 13.7% 246,590,078 11.9%

10,000 or more 782,363,733 68.4% 554,452,201 59.7% 1,336,815,934 64.5%

TOTAL $1,143,000,000 100.0% $929,000,000 100.0% $2,072,000,000 100.0%

PERCENT OF TOTAL

Source: PBGC Premium Filings.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

"Percent of Total" represents the proportion of total premiums made up of the flat-rate and variable-rate premiums, respectively.

* Excludes termination premium revenues.

Table S-41

PBGC Premium Revenue by Size of Plan and Type of Premium (2011)

Single-Employer Program

55% 45% 100%
Percent of Participants

Percent of Variable-Rate in Variable-Rate

Premium-Paying Percent of All Premium-Paying Percent of All

Plans Plans Plans Participants Plans Participants

11,811 --- 46.1% 15,296,831 --- 45.8%

13,796 100.0% 53.9% 18,090,704 100.0% 54.2%

$0.01 - $9.99 1,269 9.2% 5.0% 2,145,669 11.9% 6.4%

$10.00 - $19.99 2,635 19.1% 10.3% 1,827,201 10.1% 5.5%

$20.00 - $29.99 1,964 14.2% 7.7% 1,905,498 10.5% 5.7%

$30.00 - $39.99 1,448 10.5% 5.7% 2,347,231 13.0% 7.0%

$40.00 - $49.99 1,096 7.9% 4.3% 1,629,230 9.0% 4.9%

$50.00 - $59.99 904 6.6% 3.5% 1,319,148 7.3% 4.0%

$60.00 - $69.99 770 5.6% 3.0% 1,482,089 8.2% 4.4%

$70.00 - $79.99 599 4.3% 2.3% 716,372 4.0% 2.1%

$80.00 - $89.99 478 3.5% 1.9% 989,379 5.5% 3.0%

$90.00 - $99.99 392 2.8% 1.5% 414,558 2.3% 1.2%

$100.00 - $149.99 1,170 8.5% 4.6% 2,038,313 11.3% 6.1%

$150.00 - $199.99 459 3.3% 1.8% 607,638 3.4% 1.8%

$200.00 - $249.99 229 1.7% 0.9% 349,982 1.9% 1.0%

$250.00 - $299.99 135 1.0% 0.5% 86,571 0.5% 0.3%

$300.00 or more 248 1.8% 1.0% 231,825 1.3% 0.7%

25,607 --- 100.0% 33,387,535 --- 100.0%

Source: PBGC Premium Filings.

Due to rounding of individual items, percentages may not add up to 100%.

Because the flat premium rate is now indexed, the row headings show only the per-participant variable-rate premium paid by plans.

 TOTAL VARIABLE-RATE PREMIUM PAYERS

 TOTAL ALL PLANS

Table S-42

PBGC-Insured Plans and Participants by Total Premium Paid (2011)

Single-Employer Program

Average Variable-Rate

Premium Per Participant

 NO VARIABLE-RATE PREMIUM PAID
Participants in Participants in

Plans Paying Plans Paying Plans Paying Plans Paying

Beginning Variable-Rate Flat-Rate Variable-Rate Flat-Rate

of Year Premium Premium Only Premium Premium only 

1992 30.8% 69.2% 27.4% 72.6%

1993 36.4% 63.6% 24.9% 75.1%

1994 43.1% 56.9% 34.2% 65.8%

1995 38.5% 61.5% 23.8% 76.2%

1996 46.8% 53.2% 32.1% 67.9%

1997 37.0% 63.0% 19.4% 80.6%

1998 35.6% 64.4% 16.6% 83.4%

1999 35.1% 64.9% 13.2% 86.8%

2000 28.0% 72.0% 7.4% 92.6%

2001 33.5% 66.5% 8.0% 92.0%

2002 35.7% 64.3% 9.8% 90.2%

2003 45.1% 54.9% 17.2% 82.8%

2004 50.0% 50.0% 33.1% 66.9%

2005 48.3% 51.7% 32.5% 67.5%

2006 38.3% 61.7% 14.4% 85.6%

2007 24.5% 75.5% 11.0% 89.0%

2008 33.4% 66.6% 23.7% 76.3%

2009 41.7% 58.3% 46.9% 53.1%

2010 53.3% 46.7% 53.7% 46.3%

2011 53.9% 46.1% 54.2% 45.8%

Source: PBGC Premium Filings.

*Excludes plans paying PBGC Termination Premium.

** Interest rates for valuing vested benefits for PBGC variable-rate premium for plans with premium payment years beginning in January of the respective year.

*** Beginning in 2008, plans were required to use spot segment interest rates published by the IRS for calculating a plan's vested liabilities to determine their variable-rate premiums. The first 

 segment rate applies to benefits expected to be paid within five years, the second to benefits expected to be paid from five to twenty years in the future, and the third to benefits expected to 

 be paid more than twenty years in the future. 

1.98% 5.23% 6.52%

Interest Rate**

Table S-43

PBGC-Insured Plans and Participants by Variable-Rate Premium Status (1992-2011)*

Single-Employer Program

Variable-Rate

Premium

First Second Third

Segment*** Segment*** Segment***

4.92%

6.16%

5.95%

5.00%

6.30%

4.85%

5.24%

5.09%

4.30%

5.40%

4.67%

2.35% 5.65% 6.45%

5.48%

6.69%

6.72% 7.12% 6.36%

4.94%

4.73%

4.86%

5.75%

4.93% 6.13%
Table S-44

Funding of PBGC-Insured Plans (1980-2011) 

Single-Employer Program

Beginning Assets Liabilities* Funding Underfunding Overfunding PBGC

of Year (in millions) (in millions) Ratio (in millions) (in millions) Rate

1980 $259,810 $212,072 123% $20,156 $67,894 8.50%

1985 500,673 308,617 162% 11,182 203,238 9.75%

1990 837,131 604,047 139% 35,689 268,773 7.25%

1991 848,251 687,896 123% 34,485 194,840 7.25%

1992 915,722 771,421 119% 47,528 191,829 6.25%

1993 951,972 844,803 113% 59,622 166,791 6.40%

1994 1,001,129 936,698 107% 75,569 140,000 5.65%

1995 1,032,503 887,730 116% 37,278 182,050 7.15%

1996 1,198,221 1,134,194 106% 83,071 147,098 5.30%

1997 1,368,188 1,192,222 115% 47,906 223,871 5.80%

1998 1,491,488 1,284,725 116% 49,242 256,005 5.40%

1999 1,692,755 1,455,469 116% 54,237 291,524 5.30%

2000 1,836,184 1,271,347 144% 6,566 571,403 7.00%

2001 1,714,534 1,374,416 125% 38,564 378,682 6.40%

2002 1,444,777 1,435,558 101% 142,573 151,793 5.70%

2003 1,372,490 1,620,607 85% 298,996 50,879 5.00%

2004 1,590,057 1,860,514 85% 321,831 51,373 4.00%

2005 1,728,856 1,946,593 89% 282,953 65,215 3.90%

2006 1,840,181 1,910,563 96% 185,883 115,502 4.50%

2007 2,071,160 1,864,958 111% 116,163 251,844 4.99%

2008 2,035,275 1,889,057 108% 84,932 231,150 5.37%

2009 1,561,308 1,945,001 80% 414,303 30,610 5.38%

2010 1,784,273 2,204,591 81% 448,954 28,637 4.52%

2011 2,019,906 2,377,262 85% 396,346 38,990 4.26%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. PBGC Premium filings are used for 2010 when the Form 5500 has not yet been filed.

 Data for plan years prior to 1999 include only plans with 100 or more participants. 

Due to rounding of individual items, numbers may not add up across columns.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year.

 The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007

 and later.
Table S-45

Funding of Underfunded PBGC-Insured Plans (1980-2011) 

Single-Employer Program

Beginning Funding PBGC

of Year Assets Liabilities* Underfunding Ratio Rate

(in millions) (in millions) (in millions)

1980 $53,840 $73,996 $20,156 73% 8.50%

1985 28,722 39,904 11,182 72% 9.75%

1990 95,068 130,758 35,689 73% 7.25%

1991 147,301 181,786 34,485 81% 7.25%

1992 172,372 219,900 47,528 78% 6.25%

1993 215,695 275,317 59,622 78% 6.40%

1994 308,516 384,085 75,569 80% 5.65%

1995 218,493 255,771 37,278 85% 7.15%

1996 493,597 576,668 83,071 86% 5.30%

1997 353,823 401,729 47,906 88% 5.80%

1998 358,514 407,756 49,242 88% 5.40%

1999 413,446 467,683 54,237 88% 5.30%

2000 63,218 69,784 6,566 91% 7.00%

2001 308,514 347,078 38,564 89% 6.40%

2002 778,351 920,925 142,573 85% 5.70%

2003 1,069,966 1,368,962 298,996 78% 5.00%

2004 1,229,811 1,551,642 321,831 79% 4.00%

2005 1,197,558 1,480,512 282,953 81% 3.90%

2006 971,052 1,156,935 185,883 84% 4.50%

2007 792,767 909,029 116,163 87% 4.99%

2008 698,799 783,731 84,932 89% 5.37%

2009 1,376,306 1,790,608 414,303 77% 5.38%

2010 1,576,485 2,025,439 448,954 78% 4.52%

2011 1,694,339 2,090,685 396,346 81% 4.26%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. PBGC Premium filings are used in 2010 when the Form 5500 has not yet been filed.

 Data for plan years prior to 1999 include only plans with 100 or more participants. 

 Final 2010 numbers will be available at end of 2013 when processing of amended filings for that year concludes. 

Due to rounding of individual items, numbers may not add up across columns.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year.

The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later.
Table S-46

Funding of Overfunded PBGC-Insured Plans (1980-2011)

Single-Employer Program

Beginning Funding PBGC

of Year Assets Liabilities* Overfunding Ratio Rate

(in millions) (in millions) (in millions)

1980 $205,970 $138,076 $67,894 149% 8.50%

1985 471,951 268,713 203,238 176% 9.75%

1990 742,063 473,289 268,773 157% 7.25%

1991 700,950 506,110 194,840 138% 7.25%

1992 743,350 551,520 191,829 135% 6.25%

1993 736,277 569,486 166,791 129% 6.40%

1994 692,613 552,613 140,000 125% 5.65%

1995 814,009 631,959 182,050 129% 7.15%

1996 704,624 557,526 147,098 126% 5.30%

1997 1,014,365 790,494 223,871 128% 5.80%

1998 1,132,974 876,969 256,005 129% 5.40%

1999 1,279,309 987,785 291,524 130% 5.30%

2000 1,772,966 1,201,563 571,403 148% 7.00%

2001 1,406,020 1,027,338 378,682 137% 6.40%

2002 666,426 514,633 151,793 129% 5.70%

2003 302,524 251,645 50,879 120% 5.00%

2004 360,246 308,872 51,373 117% 4.00%

2005 531,297 466,082 65,215 114% 3.90%

2006 869,129 753,627 115,502 115% 4.50%

2007 1,278,393 955,929 251,844 134% 4.99%

2008 1,336,476 1,105,326 231,150 121% 5.37%

2009 185,002 154,393 30,610 120% 5.38%

2010 207,789 179,152 28,637 116% 4.52%

2011 325,567 286,577 38,990 114% 4.26%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. PBGC Premium filings are used in 2010 when the Form 5500 has not yet been filed.

 Data for plan years prior to 1999 include only plans with 100 or more participants. 

Due to rounding of individual items, numbers may not add up across columns.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year.

The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later.
Table S-47

Concentration of Underfunding in PBGC-Insured Plans (1990-2011)

Single-Employer Program

Beginning Total 10 Plans With the Highest Next 40 Plans' All Other Plans'

of Year Underfunding Underfunding Underfunding Underfunding

(in millions) (in millions) (in millions) (in millions)

1990 $35,689 $14,119 39.6% $6,487 18.2% $15,083 42.3%

1991 34,485 14,067 40.8% 6,884 20.0% 13,534 39.2%

1992 47,528 21,610 45.5% 7,818 16.4% 18,100 38.1%

1993 59,622 25,894 43.4% 9,337 15.7% 24,392 40.9%

1994 75,569 28,658 37.9% 10,310 13.6% 36,601 48.4%

1995 37,278 6,535 17.5% 7,921 21.2% 22,822 61.2%

1996 83,071 13,850 16.7% 16,410 19.8% 52,810 63.6%

1997 47,906 7,751 16.2% 8,473 17.7% 31,682 66.1%

1998 49,242 14,432 29.3% 6,942 14.1% 27,868 56.6%

1999 54,237 11,500 21.2% 9,018 16.6% 33,719 62.2%

2000 6,566 1,631 24.8% 1,077 16.4% 3,858 58.8%

2001 38,564 12,776 33.1% 7,254 18.8% 18,534 48.1%

2002 142,573 33,691 23.6% 25,933 18.2% 82,949 58.2%

2003 298,996 34,922 11.7% 59,169 19.8% 204,905 68.5%

2004 321,831 34,899 10.8% 62,414 19.4% 224,517 69.8%

2005 282,953 29,255 10.3% 50,825 18.0% 202,874 71.7%

2006 185,883 23,881 12.8% 31,663 17.0% 130,339 70.1%

2007 116,163 16,997 14.6% 19,999 17.2% 79,168 68.2%

2008 84,932 19,242 22.7% 15,397 18.1% 50,293 59.2%

2009 414,303 55,607 13.4% 76,158 18.4% 282,538 68.2%

2010 448,953 63,561 14.2% 79,670 17.7% 305,723 68.1%

2011 396,346 59,146 14.9% 67,937 17.1% 269,263 67.9%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. PBGC Premium filings are used in 2010 when the Form 5500 has not yet been filed.

 Data for plan years prior to 1999 include only plans with 100 or more participants. 

Due to rounding of individual items, numbers may not add up across columns.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year.

The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later.
Table S-48

Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2011)

Single-Employer Program

Plans Underfunding Overfunding

(in millions) (in millions)

Less Than 40% 211 0.8% 157 0.5% $16,769 0.7% $10,987 2.8% --- ---

40% - 49% 337 1.3% 157 0.5% 14,877 0.6% 8,243 2.1% --- ---

50% - 59% 1,294 5.1% 1,252 3.7% 60,006 2.5% 25,391 6.4% --- ---

60% - 69% 4,108 16.0% 4,130 12.4% 232,921 9.8% 80,211 20.2% --- ---

70% - 79% 5,481 21.4% 8,165 24.5% 540,772 22.7% 131,705 33.2% --- ---

80% - 89% 4,621 18.0% 10,017 30.0% 746,804 31.4% 113,967 28.8% --- ---

90% - 99% 2,874 11.2% 5,245 15.7% 478,535 20.1% 25,841 6.5% --- ---

100% - 109% 3,619 14.1% 2,391 7.2% 160,247 6.7% --- --- $6,812 17.5%

110% - 119% 817 3.2% 1,096 3.3% 72,156 3.0% --- --- 10,320 26.5%

120% - 129% 445 1.7% 240 0.7% 16,365 0.7% --- --- 3,862 9.9%

130% - 139% 272 1.1% 101 0.3% 11,511 0.5% --- --- 3,756 9.6%

140% - 149% 195 0.8% 240 0.7% 19,976 0.8% --- --- 8,381 21.5%

150% or more 1,333 5.2% 198 0.6% 6,321 0.3% --- --- 5,859 15.0%

TOTAL 25,607 100.0% 33,388 100.0% $2,377,262 100.0% $396,346 100.0% $38,990 100.0%

UNDERFUNDED 18,926 73.9% 29,122 87.2% $2,090,685 87.9% $396,346 100.0% --- ---

OVERFUNDED 6,681 26.1% 4,265 12.8% $286,577 12.1% --- --- $38,990 100.0%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. PBGC Premium filings are used in 2010 when the Form 5500 has not yet been filed.

Due to rounding of individual items, numbers and percentages may not add up to totals.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year.

The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later.

Funding Ratio Participants Total Liabilities*

(in thousands) (in millions)
$47.53 $31.67 --- $12.36 $74.0

59.62 31.67 --- 13.06 84.2

75.57 34.11 --- 18.23 109.3

37.28 27.89 --- 14.56 61.7

83.07 60.67 $38.10 22.47 94.5

47.91 46.78 28.70 20.73 99.6

49.24 36.00 25.20 15.38 87.8

54.24 32.33 34.90 17.50 104.7

6.57 16.22 7.37 3.79 22.8

38.56 16.33 19.46 9.54 39.4

142.57 14.78 95.57 34.10 163.9

299.00 33.44 273.37 83.92 419.7

321.83 89.33 283.34 95.67 452.1

282.95 87.44 289.64 108.04 431.8

185.88 61.11 212.50 73.30 313.8

114.65 39.78 104.18 65.67 225.1

84.93 26.78 58.03 46.73 150.0

414.16 77.33 84.85 167.86 478.9

448.95 115.90 146.85 169.74 514.1

396.35 103.22 167.18 227.12 462.8

--- 166.11 225.72 294.63 --- 

Definitions:

 (A) Underfunding calculated from Internal Revenue Service Form 5500 Series Filings for single-employer plans. Vested liabilities have been adjusted to the PBGC rate that,

 along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality table was UP-84 for

 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Funding information from

 PBGC premium filings were used in 2008 whenever Form 5500 data was not available. Vested liabilities are used as a proxy for PBGC-guaranteed benefits.

 (B) Underfunding data from PBGC premium filings used to calculate the variable-rate premium. Underfunding is based on vested benefits. 

 (C) Data from filings made under Section 4010 of ERISA, which requires that companies annually provide PBGC with information on their underfunded plans. For the

 2007 and earlier plan years, the filing was required if aggregate underfunding exceeded $50 million or there was an outstanding lien for missed contributions 

 exceeding $1 million or an outstanding funding waiver of more than $1 million. For later plan years, a filing is required if plans are less than 80 percent funded in the 

 aggregate. Underfunding for years before 2010 is based on an estimate of vested benefits. Beginning in 2010, underfunding is based on total benefit liabilities.

 (D) Underfunding for plan sponsors with less than investment-grade bond ratings. Underfunding is based on estimated vested benefits.

 (E) Estimated total liabilities are based on all plan liabilities, whether vested or not. 

Only (A) and (E) represent the universe of PBGC-insured plans. Firms and plans included in the column (B), (C) and (D) totals may differ from year to year.

See "Underfunding Measures in Table S-47" in the Pension Insurance Data Book 2005, pp 16-23, for a further explanation of these measures.

2008

2009

2010

2011

2012

2003

2004

2005

2006

2007

1998

1999

2000

2001

2002

1993

1994

1995

1996

1997

Beginning

of

Year

1992

Table S-49

Various Measures of Underfunding in PBGC-Insured Plans (1992-2012)

Single-Employer Program

(A) (B) (C) (D) (E)

Form Variable- Section Total in

5500 Rate 4010 Reasonably PBGC-Insured

(in billions) (in billions) (in billions) (in billions) (in billions)

Filings Premium Filings Possible Plans
Table S-50

Funding of PBGC-Insured Plans by Industry (2011)

Single-Employer Program

 Average

Funding Ratio

AGRICULTURE, MINING, AND CONSTRUCTION 83% $31,078 1.3% $5,653 1.4% $390 1.0%

MANUFACTURING 86% 1,187,628 50.0% 183,829 46.4% 16,215 41.6%

Chemical and Allied Products 85% 153,838 6.5% 26,432 6.7% 3,098 7.9%

Computer and Electronic Products 88% 84,514 3.6% 14,717 3.7% 4,525 11.6%

Electrical Equipment 84% 100,732 4.2% 15,791 4.0% 22 0.1%

Fabricated Metal Products 78% 27,959 1.2% 6,484 1.6% 241 0.6%

Food and Tobacco Products 88% 76,657 3.2% 10,127 2.6% 913 2.3%

Machinery Manufacturing 84% 61,841 2.6% 9,976 2.5% 339 0.9%

Motor Vehicle Equipment 87% 207,177 8.7% 27,864 7.0% 91 0.2%

Paper Manufacturing 82% 31,671 1.3% 6,717 1.7% 1,112 2.9%

Petroleum and Coal Products 90% 70,487 3.0% 7,575 1.9% 526 1.3%

Primary Metals 76% 38,446 1.6% 9,390 2.4% 45 0.1%

Other Manufacturing 87% 334,306 14.1% 48,756 12.3% 5,303 13.6%

TRANSPORTATION AND PUBLIC UTILITIES 80% 257,135 10.8% 55,717 14.1% 3,881 10.0%

Air Transportation 59% 62,425 2.6% 25,588 6.5% 101 0.3%

Other Transportation 87% 41,119 1.7% 6,351 1.6% 938 2.4%

Public Utilities 86% 153,592 6.5% 23,778 6.0% 2,842 7.3%

INFORMATION 81% 166,804 7.0% 33,045 8.3% 1,556 4.0%

WHOLESALE TRADE 82% 39,165 1.6% 7,483 1.9% 296 0.8%

RETAIL TRADE 81% 44,942 1.9% 10,019 2.5% 1,257 3.2%

FINANCE, INSURANCE AND REAL ESTATE 92% 265,510 11.2% 33,001 8.3% 11,030 28.3%

SERVICES 84% 366,493 15.4% 63,720 16.1% 4,131 10.6%

Health Care 77% 141,152 5.9% 33,191 8.4% 1,350 3.5%

Other Services 88% 225,341 9.5% 30,529 7.7% 2,781 7.1%

NON-PROFIT ORGANIZATIONS 80% 18,507 0.8% 3,879 1.0% 233 0.6%

TOTAL 85% $2,377,262 100.0% $396,346 100.0% $38,990 100.0%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. PBGC Premium filings are used in 2010 when the Form 5500 has not yet been filed.

Due to rounding of individual items, numbers and percentages may not add up to totals.

Industry classifications are based on principal business activity codes used in the North American Industry Classification System. 

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity

 at the beginning of the relevant year.

The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income

 Tax Regulations for 2007 and later.

** Less than 0.05 percent

Industry Total Liabilities* Underfunding Overfunding

(in millions) (in millions) (in millions)
Table S-51

Pension Funding Data for PBGC-Insured Plans by Region and State (2011)

Single-Employer Program

Assets Liabilities* Assets Liabilities* Assets Liabilities*

(in millions) (in millions) (in millions) (in millions) (in millions) (in millions)

NEW ENGLAND $22,844 $20,904 $1,941 $176,610 $211,528 $34,918 $199,455 $232,432

Connecticut 1,924 1,681 242 110,392 130,073 19,682 112,316 131,755

Maine 107 52 55 3,339 4,161 822 3,446 4,213

Massachusetts 2,062 1,505 557 52,542 64,024 11,482 54,604 65,529

New Hampshire 43 37 6 2,106 2,820 715 2,148 2,857

Rhode Island 18,638 17,568 1,070 7,376 9,304 1,928 26,014 26,872

Vermont 71 61 11 856 1,145 289 927 1,206

MID-ATLANTIC 137,383 115,477 21,907 508,332 620,026 111,694 645,715 735,502

Delaware 747 694 52 17,816 22,084 4,268 18,562 22,778

 District of Columbia 2,120 1,566 554 13,275 16,938 3,663 15,394 18,504

Maryland 1,489 1,175 314 38,575 49,657 11,082 40,064 50,832

New Jersey 55,555 44,417 11,138 119,063 140,782 21,719 174,617 185,198

New York 36,345 31,910 4,435 168,717 198,884 30,166 205,063 230,794

Pennsylvania 6,203 5,622 581 89,389 114,523 25,134 95,592 120,144

Virginia 34,518 29,799 4,720 60,522 75,758 15,236 95,040 105,557

West Virginia 407 295 112 976 1,401 425 1,383 1,695

SOUTHEAST 34,973 30,628 4,346 168,325 226,703 58,378 203,298 257,330

Alabama 953 743 210 4,652 5,902 1,249 5,605 6,645

Arkansas 138 106 31 2,007 2,599 592 2,145 2,706

Florida 4,357 3,180 1,176 16,972 22,350 5,378 21,329 25,531

Georgia 18,623 17,597 1,026 50,003 75,510 25,507 68,626 93,107

Kentucky 334 274 60 7,998 10,732 2,733 8,333 11,006

Louisiana 485 421 64 5,777 7,371 1,594 6,262 7,791

Mississippi 470 389 81 992 1,301 309 1,462 1,690

North Carolina 7,997 6,530 1,468 33,049 40,552 7,502 41,047 47,081

South Carolina 875 788 87 9,406 12,717 3,312 10,281 13,505

Tennessee 741 599 142 37,468 47,669 10,201 38,210 48,268

GREAT LAKES 71,307 66,563 4,744 438,636 538,623 99,987 509,943 605,186

Illinois 32,435 30,607 1,828 99,730 128,489 28,759 132,164 159,095

Indiana 6,742 6,023 719 12,588 15,728 3,140 19,330 21,751

Michigan 1,561 1,482 79 200,422 235,647 35,225 201,983 237,129

Minnesota 17,755 17,239 516 32,557 39,490 6,933 50,312 56,729

Ohio 8,797 7,706 1,091 63,740 82,939 19,198 72,537 90,644

Wisconsin 4,018 3,508 510 29,600 36,331 6,731 33,618 39,839

TOTAL

REGION/STATE Overfunding Underfunding

(in millions) (in millions)

OVERFUNDED UNDERFUNDED
Table S-51 (continued)

Pension Funding Data for PBGC-Insured Plans by Region and State (2011)

Single-Employer Program

Assets Liabilities* Assets Liabilities* Assets Liabilities*

(in millions) (in millions) (in millions) (in millions) (in millions) (in millions)

MIDWEST $3,616 $3,128 $487 $48,786 $62,714 $13,928 $52,402 $65,842

Iowa 301 273 28 10,179 13,175 2,997 10,480 13,448

Kansas 1,674 1,465 208 8,397 11,736 3,339 10,071 13,202

Missouri 1,465 1,268 197 21,090 26,906 5,816 22,554 28,173

Nebraska 149 98 51 8,110 9,588 1,478 8,259 9,686

North Dakota 11 9 2 601 793 192 611 802

South Dakota 17 15 1 410 516 106 427 531

SOUTHWEST 27,595 25,006 2,589 155,960 197,053 41,093 183,555 222,059

Arizona 466 332 134 7,860 9,939 2,078 8,327 10,271

New Mexico 369 281 88 6,005 7,918 1,913 6,374 8,199

Oklahoma 1,123 974 149 8,283 10,154 1,871 9,406 11,128

Texas 25,636 23,418 2,218 133,812 169,042 35,230 159,448 192,460

ROCKY MOUNTAIN 326 287 39 25,950 32,120 6,170 26,276 32,407

Colorado 154 142 12 13,990 17,529 3,539 14,145 17,672

Idaho 30 25 5 2,098 2,780 682 2,128 2,804

Montana 12 11 2 642 794 152 654 804

Nevada 65 57 9 1,914 2,316 402 1,980 2,373

Utah 29 23 6 7,223 8,590 1,367 7,252 8,613

Wyoming 35 30 5 83 112 29 117 141

PACIFIC 27,342 24,417 2,925 168,136 197,276 29,139 195,479 221,693

Alaska 114 108 6 326 476 150 441 584

California 18,930 17,013 1,917 99,698 119,244 19,545 118,628 136,257

Hawaii 285 239 46 2,746 3,806 1,060 3,030 4,045

Oregon 1,081 848 233 6,303 8,476 2,173 7,385 9,324

Washington 6,932 6,209 723 59,062 65,274 6,211 65,994 71,483

U.S. TERRITORIES 177 167 10 2,803 3,621 818 2,980 3,788

Puerto Rico 177 167 10 2,675 3,454 779 2,852 3,620

Virgin Islands -- -- -- 123 161 38 123 161

Other -- -- -- 5 6 1 5 6

FOREIGN COUNTRIES 4 2 2 802 1,022 220 805 1,024

TOTAL $325,567 $286,577 $38,990 $1,694,339 $2,090,685 $396,346 $2,019,906 $2,377,262

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. PBGC Premium filings are used in 2010 when the Form 5500 has not yet been filed.

Due to rounding of individual items, numbers may not add up to totals or across columns.

Funding data is reported by state or country of plan administration.

* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning

 of the year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income

 Tax Regulations for 2007 and later.

**Less than $500,000.

TOTAL

REGION/STATE Overfunding Underfunding

(in millions) (in millions)

OVERFUNDED UNDERFUNDED
Table S-52

PBGC Pension Data by Region and State*

Single-Employer Program

CLAIMS COVERAGE BENEFITS PAID

1975-2012 2011 2012

Plans Plans Payees Payments

NEW ENGLAND 477 $1,400,415,103 1,705 1,856,411 34,928 $217,645,117 $504

Connecticut 141 422,652,615 617 529,012 7,532 41,402,802 447

Maine 16 118,453,837 80 146,046 3,115 19,906,383 518

Massachusetts 227 737,439,682 752 811,369 16,134 108,344,424 543

New Hampshire 29 57,163,364 91 197,974 4,678 31,691,521 546

Rhode Island 50 48,623,152 107 84,382 1,742 7,888,788 364

Vermont 14 16,082,453 58 87,628 1,727 8,411,199 390

MID-ATLANTIC 1,463 14,442,091,002 7,370 6,968,036 195,013 1,267,454,221 528

Delaware 13 38,743,068 79 142,801 1,594 10,608,329 536

District of Columbia 20 121,865,376 203 94,119 417 2,509,240 506

Maryland 81 104,204,044 420 681,550 16,495 143,556,357 700

New Jersey 243 565,606,235 1,327 1,087,234 17,747 101,651,513 481

New York 577 4,234,245,072 3,256 2,034,913 46,287 318,855,259 560

Pennsylvania 401 5,151,155,408 1,442 1,785,011 78,815 497,653,601 508

Virginia 67 3,013,808,154 515 895,751 19,020 97,937,571 425

West Virginia 61 1,212,463,645 128 246,656 14,638 94,682,349 521

SOUTHEAST 424 4,549,495,020 2,781 6,273,504 193,490 1,093,261,596 461

Alabama 31 242,576,806 190 447,876 18,564 87,746,889 390

Arkansas 17 23,412,630 107 279,111 3,787 15,709,888 329

Florida 96 414,104,685 696 1,421,518 52,823 390,754,068 605

Georgia 71 2,217,225,787 458 869,787 28,277 172,517,176 493

Kentucky 29 103,103,237 225 499,803 7,809 35,959,090 377

Louisiana 30 90,059,973 174 470,594 5,382 28,948,766 431

Mississippi 13 22,007,349 96 327,793 5,901 35,680,096 504

North Carolina 59 426,847,284 414 908,733 36,582 168,234,789 373

South Carolina 21 169,320,011 160 490,067 16,115 70,274,196 353

Tennessee 57 840,837,259 261 558,222 18,250 87,436,637 394

GREAT LAKES 1,345 23,092,782,246 4,818 6,773,305 217,937 1,689,134,247 633

Illinois 320 9,185,283,748 1,390 1,379,327 40,375 307,219,388 626

Indiana 119 1,495,366,853 370 869,787 31,380 295,230,774 774

Michigan 358 7,596,336,177 845 1,333,890 45,479 388,506,451 700

Minnesota 49 215,236,700 396 603,658 8,747 56,556,022 523

Ohio 404 4,221,808,488 1,348 1,875,884 79,708 565,605,935 577

Wisconsin 95 378,750,280 469 710,759 12,248 76,015,677 504

REGION/STATE

Mean Monthly

Claims Participants Pension
Table S-52 (continued)

PBGC Pension Data by Region and State*

Single-Employer Program

CLAIMS COVERAGE BENEFITS PAID

1975-2012 2011 2011

Plans Plans Payees Payments

MIDWEST 158 $461,645,035 920 1,869,393 24,980 $127,305,772 $413

Iowa 53 113,080,376 247 360,248 6,173 19,198,354 247

Kansas 25 44,246,580 145 347,266 2,986 18,723,917 506

Missouri 72 296,543,601 336 782,159 13,772 78,227,753 465

Nebraska 4 7,328,457 129 210,956 1,423 6,840,396 393

North Dakota 3 212,127 36 58,419 119 524,442 369

South Dakota 1 233,894 27 110,345 507 3,790,910 604

SOUTHWEST 198 802,910,690 1,827 2,872,245 36,097 250,678,250 565

Arizona 32 21,388,399 359 597,167 9,271 76,198,262 672

New Mexico 8 27,564,432 93 113,592 1,515 9,747,806 517

Oklahoma 25 414,617,095 148 308,320 3,876 19,861,457 419

Texas 133 339,340,764 1,227 1,853,166 21,435 144,870,726 549

ROCKY MOUNTAIN 50 249,688,096 623 1,187,844 19,233 188,551,711 816

Colorado 20 203,796,822 269 477,085 9,503 101,710,645 902

Idaho 7 12,709,942 61 110,346 1,899 14,078,504 602

Montana 4 2,288,314 40 68,155 609 5,694,454 765

Nevada 9 949,210 129 327,793 4,440 44,143,065 826

Utah 9 29,852,921 102 152,537 2,416 19,433,454 651

Wyoming 1 90,887 22 51,928 366 3,491,589 784

PACIFIC 314 1,669,252,534 4,060 4,654,011 58,693 524,017,984 740

Alaska 6 50,784,879 21 55,173 577 3,998,554 574

California 232 1,084,011,267 3,379 3,203,284 39,824 344,068,805 712

Hawaii 25 149,466,483 172 142,801 4,160 40,860,652 818

Oregon 23 72,139,821 205 493,312 3,916 30,210,315 662

Washington 28 312,850,084 283 759,441 10,216 104,879,658 856

PUERTO RICO 16 24,444,230 70 55,378 3,436 11,365,426 262

U.S. TERRITORIES --- --- 11 3,100 167 763,711 387

FOREIGN COUNTRIES 2 860,974 30 3,244 2,350 14,270,742 494

TOTAL 4,447 $46,693,584,930 24,215 32,516,471 786,325 $5,384,448,777 $559

Sources: PBGC Fiscal Year Closing File (9/30/12), Retirement Expectations and Pension Plan Coverage Topic Module (Wave 11) of the 2008 Survey of Income and

Program Participation (SIPP), PBGC Case Management System, PBGC Premium Filings, PBGC Participant System (PRISM), and fiscal year calculations.

Due to rounding of individual items, numbers may not add up to totals.

*Claims and plan coverage data by state of plan administration; benefits and participant coverage data by state of payee residence.

SIPP used to estimate participant coverage data.

Mean Monthly

Claims Participants Pension

REGION/STATE
Year of Plan

Termination

1990 $2,164.77 $25,977.24

1991 2,250.00 27,000.00

1992 2,352.27 28,227.24

1993 2,437.50 29,250.00

1994 2,556.82 30,681.84

1995 2,573.86 30,886.32

1996 2,642.05 31,704.60

1997 2,761.36 33,136.32

1998 2,880.68 34,568.16

1999 3,051.14 36,613.68

2000 3,221.59 38,659.08

2001 3,392.05 40,704.60

2002 3,579.55 42,954.60

2003 3,664.77 43,977.24

2004 3,698.86 44,386.32

2005 3,801.14 45,613.68

2006 3,971.59 47,659.08

2007 4,125.00 49,500.00

2008 4,312.50 51,750.00

2009 - 2011 4,500.00 54,000.00

2012 4,653.41 55,840.92

2013 4,789.77 57,477.24

2014 4,943.18 59,318.16

The Employee Retirement Income Security Act of 1974 (ERISA) mandates that the maximum guaranteed amounts be adjusted annually

 based on changes in the Social Security contribution and benefit base. The 2010 and 2011 guarantees are the same as for 2009 

 because the bases did not increase in either year.

The maximum guarantee shown applies to workers who retire at age 65. PBGC increases the maximum guarantee for people retiring 

 later than age 65 and reduces it for retirees taking earlier retirement or electing survivor's benefits.

In some instances, where a pension plan has adequate resources or PBGC recovers sufficient amounts, a participant may receive benefits in

 excess of the maximum guarantee.

The Pension Protection Act of 2006 provides that if a plan terminates while the sponsor is in a bankruptcy entered into after September 16, 2006,

 the applicable guarantees will generally be those for the year the sponsor entered bankruptcy regardless of the year the plan actually

 terminates. 

Guarantee Guarantee

Table S-53

PBGC Maximum Guaranteed Benefits (1990-2014)

Single-Employer Program

Maximum Monthly Maximum Annual
Table M-1

Net Financial Position of PBGC's Multiemployer Program (1980-2012)

Fiscal Year Assets Liabilities Net Position

 (in millions) (in millions) (in millions)

1980 $21 $30 -$9

1985 78 52 27

1990 190 58 132

1995 477 285 192

1996 505 381 124

1997 596 377 219

1998 745 404 341

1999 692 493 199

2000 694 427 267

2001 807 691 116

2002 944 786 158

2003 1,000 1,261 -261

2004 1,070 1,306 -236

2005 1,160 1,495 -335

2006 1,166 1,905 -739

2007 1,197 2,152 -955

2008 1,327 1,800 -473

2009 1,459 2,328 -869

2010 1,628 3,064 -1,436

2011 1,739 4,509 -2,770

2012 1,807 7,044 -5,237

Source: PBGC Annual Reports (1980-2012).

Due to rounding of individual items, numbers may not add up across columns.
Total Administrative & Premiums Minus

Premium Benefit Investment Benefits Paid

Fiscal Year Revenue Payments Expenses and Expenses

(in millions) (in millions) (in millions) (in millions)

$5 $4 $2 -$2

14 4 4 7

21 2 2 17

22 2 * 20

22 2 * 20

23 1 * 22

23 1 * 22

23 1 * 22

24 1 * 23

24 1 * 23

25 1 * 24

25 1 * 24

27 1 * 26

26 1 * 25

58 1 * 57

81 * * 81

90 * * 90

95 * * 95

93 * 12 81

92 * 14 78

92 * 20 72

Source: PBGC Annual Reports (1980-2012).

Due to rounding of individual items, numbers may not add up across columns.

* Less than $500,000.

**Beginning in FY 2009, PBGC reports premium income net of bad debt expense for premium, interest, and penalties.

2011

2001

2002

2003

2010

2004

2005

2006

2007

2008

 2009**

2012

Table M-2

PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2012)

Multiemployer Program

1980

1985

1990

1995

1996

1997

1998

1999

2000
Table M-3

PBGC Payees and Benefit Payments (1980-2012)

Multiemployer Program

 Average Median

Fiscal Year Monthly Payment Monthly Payment

4,100 $4 $77 $45

3,100 4 91 45

2,170 2 97 50

1,300 2 102 55

1,130 2 104 55

1,000 1 102 55

855 1 104 55

738 1 106 62

626 1 109 62

510 1 112 77

463 1 114 82

389 1 117 90

324 1 135 115

279 1 120 102

238 ** 120 105

203 ** 126 114

166 ** 127 114

134 ** 127 114

110 ** 136 150

97 ** 137 150

74 ** 139 150

Sources: PBGC Participant System (PRISM), fiscal year calculations, PBGC Management Reports, and PBGC Benefit Payment Reports.

Payments made on a quarterly, semi-annual, or annual basis were converted to their monthly equivalent.

*These payees were in the 10 multiemployer plans PBGC trusteed prior to October 1980. The Multiemployer Pension Plan (MPPAA)

 Amendments Act of 1980 (MPPAA) changed PBGC's responsibility from trusteeship of troubled plans to providing

 financial assistance (loans) to insolvent multiemployer plans.

**Less than $500,000.

2000

2001

2002

2009

2012

2003

2004

2005

2006

2007

2008

2010

2011

1995

1996

1997

1998

1999

1985

1990

PERIODIC PENSION PAYMENTS

 Payees in Year* Total

(in millions)

1980
Year (1) (2) (1)

1 $311.3 --- --- 1 $311.3 ---

3 1,300.0 --- --- 3 1,300.0 ---

3 1,000.0 --- --- 3 1,000.0 ---

9 4,346.4 --- --- 9 4,346.4 ---

12 4,021.8 --- --- 12 4,021.8 ---

14 4,494.1 --- --- 14 4,494.1 ---

18 5,437.6 --- --- 18 5,437.6 $3,175.5

21 19,219.7 1 $14,150.0 20 5,069.7 ---

21 91,032.6 2 86,513.6 19 4,519.0 ---

22 4,526.3 1 (3) 53.4 22 4,472.9 ---

23 4,893.9 --- --- 23 4,893.9 ---

24 5,022.1 1 230.9 23 4,791.2 ---

27 10,120.8 1 (3) 282.2 27 9,838.6 ---

29 13,757.7 1 (3) 535.0 28 13,222.7 ---

33 70,096.5 1 176.0 32 69,920.5 ---

36 71,869.5 3 (3) 641.1 36 71,228.4 ---

42 84,623.4 5 (4) 5,810.3 40 78,813.1 ---

43 (5) 85,636.5 4 (3) 7,308.7 41 78,327.8 ---

50 97,083.3 7 (6) 10,412.9 44 86,670.4 ---

49 114,325.8 5 (4) 14,309.5 47 100,016.3 ---

49 95,067.6 5 1,017.7 44 94,049.9

TOTAL (7) 73 $788,186.9 37 $141,441.3 63 $646,745.6 $3,340.5 (8)

Sources: PBGC Annual Reports and internal calculations.

(1) A number of plans received financial assistance in more than one year.

(2) Lump-sum payments were made to these insolvent multiemployer plans to facilitate mergers and closeouts.

(3) These plans received periodic payments before receiving lump-sum payments.

(4) Three of these five plans received periodic payments before receiving lump-sum payments.

(5) Two of these plans received small lump-sum payments to finalize closeouts initiated in 2008. These two plans are not included with plans 

 receiving a lump-sum payment for 2009.

(6) Six of these seven plans received periodic payments before receiving lump-sum payments.

(7) Total for plan columns represents the total number of multiemployer plans that ever received the stated type of financial assistance from

 PBGC's Multiemployer Insurance Program.

(8) Only one plan has repaid any of its past financial assistance. That plan repaid only the principal amount of the loans it received.

2012

2006

2007

2008

2009

2010

2011

2005

1990

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

1981

1985

Amount of Repayments of

Past Financial

Assistance

(in thousands) (in thousands) (in thousands) (in thousands)

Assistance Assistance

Periodic

Payment Payment Payments Payments

Financial Financial Lump-Sum Lump-Sum Periodic 

Receiving Amount of Receiving a Amount of Receiving 

Table M-4

PBGC Financial Assistance to Insolvent Plans (1981-2012)

Multiemployer Program

 Plans Total Plans Plans 
Table M-5

PBGC-Insured Plan Participants (1980-2013)

Multiemployer Program

Total In Plans with In Plans with In Plans with In Plans with In Plans with In Plans with In Plans with

Insured 10,000 or more 5,000-9,999 2,500-4,999 1,000-2,499 500-999 250-499 Fewer than 250

Year Participants Participants Participants Participants Participants Participants Participants Participants

(in thousands) (in thousands) (in thousands) (in thousands) (in thousands) (in thousands) (in thousands) (in thousands)

1980 7,997 5,072 925 751 731 299 147 71

1985 8,209 5,376 857 761 729 283 136 66

1990 8,534 5,731 891 757 695 290 121 48

1995 8,632 5,986 855 709 661 264 112 45

1996 8,649 5,976 904 713 636 266 106 48

1997 8,740 6,058 906 718 641 263 110 44

1998 8,876 6,212 930 675 650 259 108 42

1999 8,991 6,323 935 666 663 260 104 39

2000 9,132 6,464 953 683 640 261 97 35

2001 9,423 6,776 927 733 617 240 96 33

2002 9,630 6,970 930 739 647 227 87 29

2003 9,699 7,127 885 715 642 228 75 27

2004 9,829 7,248 897 723 643 217 74 26

2005 9,887 7,286 938 709 631 224 74 25

2006 9,911 7,320 944 709 627 219 68 24

2007 10,032 7,504 884 696 644 212 67 24

2008 10,170 7,589 930 716 639 205 67 24

2009 10,396 7,864 907 708 628 203 64 23

2010 10,413 7,921 895 701 612 199 63 23

2011 10,281 7,867 827 699 600 202 64 22

2012 10,372 7,972 823 689 607 200 61 21

2013 10,399 7,971 835 700 613 202 58 21

Source: PBGC Premium Filings.

Due to rounding of individual items, numbers may not add up to totals.
Table M-6

PBGC-Insured Plans (1980-2013)

Multiemployer Program

Insured Insured Insured Insured Insured Insured Insured

Total Plans with Plans with Plans with Plans with Plans with Plans with Plans with

Insured 10,000 or more 5,000-9,999 2,500-4,999 1,000-2,499 500-999 250-499 Fewer Than 250

Year Plans Participants Participants Participants Participants Participants Participants Participants

1980 2,244 120 131 211 452 420 404 506

1985 2,188 137 124 216 459 402 376 474

1990 1,983 140 127 214 428 402 332 340

1995 1,879 144 123 205 409 368 303 327

1996 1,876 143 132 206 400 373 287 335

1997 1,846 145 131 206 401 365 296 302

1998 1,817 147 136 193 400 357 290 294

1999 1,800 149 137 189 403 357 279 286

2000 1,744 152 138 197 388 357 258 254

2001 1,707 159 133 210 377 327 254 247

2002 1,671 163 133 212 397 316 233 217

2003 1,612 166 129 206 391 321 202 197

2004 1,586 166 129 208 393 305 198 187

2005 1,571 164 134 204 381 309 195 184

2006 1,538 162 132 203 380 305 184 172

2007 1,522 167 124 197 388 293 177 176

2008 1,517 167 130 205 388 283 176 168

2009 1,488 170 128 202 381 278 169 160

2010 1,475 168 126 199 372 273 169 168

2011 1,461 172 116 198 366 277 170 162

2012 1,448 174 117 196 368 274 165 154

2013 1,435 171 115 195 370 277 157 150

Source: PBGC Premium Filings.
Table M-7

PBGC-Insured Plan Participants by Participant Status (1980-2011)

Multiemployer Program

Active Retired Separated Vested

Year Participants Participants Participants

1980 75.9% 17.7% 6.5%

1985 66.1% 22.6% 11.4%

1990 58.6% 25.2% 16.2%

1995 52.4% 28.9% 18.7%

1996 52.1% 29.1% 18.8%

1997 52.2% 28.9% 18.9%

1998 51.2% 30.4% 18.3%

1999 50.9% 30.5% 18.6%

2000 51.1% 30.1% 18.7%

2001 49.5% 29.6% 20.9%

2002 48.1% 29.7% 22.2%

2003 47.1% 30.2% 22.8%

2004 46.0% 30.8% 23.2%

2005 45.7% 30.8% 23.5%

2006 45.3% 30.9% 23.8%

2007 44.6% 30.9% 24.5%

2008 43.8% 32.0% 24.2%

2009 41.3% 32.1% 26.7%

2010 39.1% 33.1% 27.7%

2011 38.3% 33.7% 27.9%

Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans. Data for plan years prior to 1999 include only plans

 with 100 or more participants.

Due to rounding of individual items, percentages may not add up to 100%.
AGRICULTURE 8 0.5% 15,204 0.1%

MINING 10 0.7% 140,663 1.4%

CONSTRUCTION 809 55.4% 3,776,016 36.7%

Building Construction 91 6.2% 770,862 7.5%

Heavy Construction 81 5.5% 566,113 5.5%

Plumbing, Heating, and Air Conditioning 160 11.0% 401,235 3.9%

Electrical Work 122 8.4% 795,214 7.7%

Building Finishing Contractors 85 5.8% 286,552 2.8%

Foundation, Structure, and Exterior Work 168 11.5% 612,017 6.0%

Other Construction 102 7.0% 344,023 3.3%

MANUFACTURING 169 11.6% 1,158,460 11.3%

Food and Tobacco Products 28 1.9% 189,584 1.8%

Apparel and Textile Products 8 0.5% 5,080 0.0%

Paper and Allied Products 5 0.3% 85,382 0.8%

Printing and Publishing 25 1.7% 161,833 1.6%

Machinery and Computer Equipment 6 0.4% 280,919 2.7%

Electrical and Electronic Equipment 7 0.5% 7,360 0.1%

Other Manufacturing 90 6.2% 428,302 4.2%

TRANSPORTATION AND PUBLIC UTILITIES 147 10.1% 1,555,149 15.1%

Trucking 73 5.0% 1,392,956 13.5%

Water Transportation 42 2.9% 106,485 1.0%

Other Transportation and Public Utilities 32 2.2% 55,708 0.5%

INFORMATION 33 2.3% 188,523 1.8%

WHOLESALE TRADE 34 2.3% 79,466 0.8%

RETAIL TRADE 84 5.7% 1,478,818 14.4%

SERVICES 167 11.4% 1,889,084 18.4%

Administrative/Support 40 2.7% 333,888 3.2%

Health Care/Social Assistance 17 1.2% 487,937 4.7%

Accommodation/Food Service 23 1.6% 670,301 6.5%

Other Services 87 6.0% 396,958 3.9%

TOTAL 1,461 100.0% 10,281,383 100.0%

Source: PBGC Premium Filings.

Due to rounding of individual items, numbers and percents may not add up to totals.

Industry classifications are based on principal business activity codes used in the North American Industry Classification System. 

However, whenever a sponsor indicated its activity as "Insurance & Employee Benefit Funds", a code covering

the principal activity of plan participants was determined and substituted.

Table M-8

PBGC-Insured Plans and Participants by Industry (2011)

Multiemployer Program

Industry Insured Plans Insured Participants
Table M-9

Funding of PBGC-Insured Plans (1980-2011) 

Multiemployer Program

Beginning Funding PBGC

of Year Assets Liabilities* Ratio Underfunding Overfunding Rate

(in millions) (in millions) (in millions) (in millions)

1980 $40,363 $52,123 77% $17,887 $6,126 8.50%

1985 88,182 75,942 116 6,432 18,672 9.75%

1990 166,348 156,149 107 11,574 21,773 7.25%

1991 165,734 160,370 103 13,068 18,432 7.25%

1992 184,670 187,829 98 17,835 14,676 6.25%

1993 197,461 202,177 98 19,864 15,148 6.40%

1994 206,625 225,982 91 29,193 9,837 5.65%

1995 209,947 218,458 96 22,726 14,216 7.15%

1996 238,571 270,551 88 40,019 8,039 5.30%

1997 268,471 287,569 93 32,549 13,452 5.80%

1998 304,158 331,017 92 39,497 12,638 5.40%

1999 320,704 351,021 91 44,379 14,063 5.30%

2000 356,659 339,741 105 21,135 38,054 7.00%

2001 351,108 385,272 91 48,412 14,249 6.40%

2002 330,104 429,329 77 102,469 3,245 5.70%

2003 308,678 486,845 63 178,915 748 5.00%

2004 347,471 556,018 62 209,181 634 4.00%

2005 372,404 598,551 62 226,717 569 3.90%

2006 388,962 588,629 66 200,701 1,034 4.50%

2007 430,091 621,289 69 192,849 1,651 4.99%

2008 440,132 648,069 68 210,167 2,230 5.37%

2009 326,940 672,513 49 345,788 215 5.38%

2010 366,333 756,999 48 391,027 360 4.52%

2011 398,263 798,963 50 401,080 380 4.26%

Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans. Data for plan years prior to 1999 include only plans with 100 or more participants. 

 participants. 

Due to rounding of individual items, numbers may not add up across columns.

* Vested liabilities have been adjusted to an interest rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning

 of the relevant year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the 

 Income Tax Regulations for 2007 and later years.
Table M-10

Funding of Underfunded PBGC-Insured Plans (1980-2011) 

Multiemployer Program

Beginning Funding PBGC

of Year Assets Liabilities* Underfunding Ratio Rate

(in millions) (in millions) (in millions)

1980 $24,819 $42,706 $17,887 77% 8.50%

1985 22,813 29,246 6,432 78% 9.75%

1990 56,512 68,086 11,574 83% 7.25%

1991 62,563 75,631 13,068 83% 7.25%

1992 93,790 111,625 17,835 84% 6.25%

1993 95,331 115,195 19,864 83% 6.40%

1994 128,718 157,911 29,193 82% 5.65%

1995 118,707 141,434 22,726 84% 7.15%

1996 168,347 208,366 40,019 81% 5.30%

1997 152,633 185,182 32,549 82% 5.80%

1998 180,084 219,582 39,497 82% 5.40%

1999 206,568 250,947 44,379 82% 5.30%

2000 110,729 131,864 21,135 84% 7.00%

2001 222,296 270,708 48,412 82% 6.40%

2002 295,338 397,807 102,469 74% 5.70%

2003 304,027 482,942 178,915 63% 5.00%

2004 342,777 551,959 209,181 62% 4.00%

2005 368,382 595,099 226,717 62% 3.90%

2006 381,439 582,139 200,701 66% 4.50%

2007 416,689 609,537 192,849 68% 4.99%

2008 410,109 620,276 210,167 66% 5.37%

2009 325,936 671,725 345,788 49% 5.38%

2010 364,674 755,701 391,027 48% 4.52%

2011 395,062 796,142 401,080 50% 4.26%

Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans. Data for plan years prior to 1999 include only plans with 100 or more 

 participants. 

Due to rounding of individual items, numbers may not add up across columns.

* Vested liabilities have been adjusted to an interest rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning

 of the relevant year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the 

 Income Tax Regulations for 2007 and later years.
Table M-11

Funding of Overfunded PBGC-Insured Plans (1980-2011) 

Multiemployer Program

Beginning Funding PBGC

of Year Assets Liabilities* Overfunding Ratio Rate

(in millions) (in millions) (in millions)

1980 $15,543 $9,417 $6,126 165% 8.50%

1985 65,368 46,697 18,672 140% 9.75%

1990 109,836 88,062 21,773 125% 7.25%

1991 103,171 84,739 18,432 122% 7.25%

1992 90,880 76,204 14,676 119% 6.25%

1993 102,130 86,981 15,148 117% 6.40%

1994 77,907 68,070 9,837 114% 5.65%

1995 91,240 77,024 14,216 118% 7.15%

1996 70,224 62,185 8,039 113% 5.30%

1997 115,838 102,386 13,452 113% 5.80%

1998 124,073 111,435 12,638 111% 5.40%

1999 114,136 100,074 14,063 114% 5.30%

2000 245,930 207,877 38,054 118% 7.00%

2001 128,812 114,564 14,249 112% 6.40%

2002 34,766 31,522 3,245 110% 5.70%

2003 4,651 3,903 748 119% 5.00%

2004 4,694 4,060 634 116% 4.00%

2005 4,021 3,452 569 116% 3.90%

2006 7,523 6,489 1,034 116% 4.50%

2007 13,402 11,752 1,651 114% 4.99%

2008 30,022 27,793 2,230 108% 5.37%

2009 1,004 789 215 127% 5.38%

2010 1,659 1,298 360 128% 4.52%

2011 3,202 2,821 380 113% 4.26%

Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans. Data for plan years prior to 1999 include only plans with 100 or more 

 participants. Final 2010 numbers will be available at end of 2012 when processing of amended returns

 for that year concludes. 

Due to rounding of individual items, numbers may not add up across columns.

* Vested liabilities have been adjusted to an interest rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning

 of the relevant year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the 

 Income Tax Regulations for 2007 and later years.
Table M-12

Concentration of Underfunding in PBGC-Insured Plans (1990-2011)

Multiemployer Program

Beginning Total 10 Plans with the Highest Next 40 Plans' All Other Plans'

of Year Underfunding Underfunding Underfunding Underfunding

(in millions) (in millions) (in millions) (in millions)

1990 $11,574 $6,760 58.4% $2,791 24.1% $2,023 17.5%

1991 13,068 7,906 60.5% 3,123 23.9% 2,038 15.6%

1992 17,835 9,500 53.3% 4,411 24.7% 3,923 22.0%

1993 19,864 10,348 52.1% 4,927 24.8% 4,590 23.1%

1994 29,193 13,575 46.5% 7,012 24.0% 8,606 29.5%

1995 22,726 11,340 49.9% 6,236 27.4% 5,150 22.7%

1996 40,019 16,157 40.4% 10,900 27.2% 12,962 32.4%

1997 32,549 14,666 45.1% 8,166 25.1% 9,717 29.9%

1998 39,497 17,532 44.4% 9,375 23.7% 12,590 31.9%

1999 44,379 19,244 43.4% 10,675 24.1% 14,459 32.6%

2000 21,135 11,493 54.4% 5,255 24.9% 4,387 20.8%

2001 48,412 20,032 41.4% 11,193 23.1% 17,187 35.5%

2002 102,469 34,276 33.5% 24,641 24.0% 43,552 42.5%

2003 178,915 57,902 32.4% 40,600 22.7% 80,413 44.9%

2004 209,181 63,736 30.5% 48,901 23.4% 96,544 46.2%

2005 226,717 68,829 30.4% 52,710 23.2% 105,178 46.4%

2006 200,701 62,461 31.1% 47,822 23.8% 90,418 45.1%

2007 192,849 59,583 30.9% 47,345 24.6% 85,920 44.6%

2008 210,167 58,100 27.6% 55,648 26.5% 96,419 45.9%

2009 345,788 94,545 27.3% 90,896 26.3% 160,347 46.4%

2010 391,027 106,143 27.1% 102,595 26.2% 182,288 46.6%

2011 401,080 108,541 27.1% 108,402 27.0% 184,137 45.9%

Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans. Data for plan years prior to 1999 include only plans with 100 or more 

 participants. 

Due to rounding of individual items, numbers may not add up across columns.

* Vested liabilities have been adjusted to an interest rate that, along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning

 of the relevant year. The assumed mortality table was UP-84 for 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the 

 Income Tax Regulations for 2007 and later years.
Table M-13

Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2011)

Multiemployer Program

Funding Ratio Participants Total Liabilities* Underfunding Overfunding

(in thousands) (in millions) (in millions) (in millions)

Less Than 40% 194 13.3% 1,449,833 14.1% $141,425 17.7% $91,251 22.8% --- ---

40% - 49% 364 24.9% 3,603,122 35.0% 291,780 36.5% 160,703 40.1% --- ---

50% - 59% 472 32.3% 2,839,108 27.6% 202,335 25.3% 93,703 23.4% --- ---

60% - 69% 252 17.2% 1,887,389 18.4% 137,299 17.2% 50,843 12.7% --- ---

70% - 79% 89 6.1% 281,818 2.7% 13,354 1.7% 3,367 0.8% --- ---

80% - 89% 43 2.9% 104,661 1.0% 7,162 0.9% 1,005 0.3% --- ---

90% - 99% 29 2.0% 57,342 0.6% 2,786 0.3% 208 ** --- ---

100% - 109% 7 0.5% 48,873 0.5% 2,488 0.3% --- --- $143 37.6%

110% - 119% 3 0.2% 3,022 ** 40 ** --- --- 5 1.3%

120% - 129% 1 0.1% 332 ** 1 ** --- --- 0 0.0%

130% - 139% 3 0.2% 1,980 ** 29 ** --- --- 11 2.8%

150% or more 4 0.3% 3,904 ** 264 ** --- --- 222 58.2%

TOTAL 1,461 100.0% 10,281,383 100.0% $798,963 100.0% $401,080 100.0% $380 100.0%

UNDERFUNDED 1,443 97.6% 10,223,272 99.4% $796,142 99.6% $401,080 100.0% --- ---

OVERFUNDED 18 2.4% 58,111 0.6% $2,821 0.4% --- --- $380 100.0%

Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans.

Due to aggregation and rounding of individual items, numbers may not add up to total and percentages may not add up to 100%.

*Vested liabilities have been adjusted to an interest rate that, along with the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations, reflects the cost to purchase an annuity at the beginning of 2010.

** Less than 0.05 of one percent.

Plans
AGRICULTURE 74% $930 0.1% $238 0.1% --- ---

MINING 50 10,821 1.4 5,460 1.4 --- ---

CONSTRUCTION 50 379,463 47.5 189,225 47.2 226 59.4

Building Construction 51 64,757 8.1 31,974 8.0 *** 0.1

Heavy Construction 50 62,925 7.9 31,729 7.9 1 0.3

Plumbing, Heating, and Air Conditioning 50 45,162 5.7 22,448 5.6 7 1.8

Electrical Work 52 58,916 7.4 28,331 7.1 --- ---

Building Finishing Contractors 47 36,463 4.6 19,241 4.8 2 0.5

Foundation, Structure, and Exterior Work 49 56,359 7.1 28,963 7.2 216 56.7

Other Construction 52 54,881 6.9 26,538 6.6 --- ---

MANUFACTURING 53 57,130 7.1 26,763 6.6 63 16.5

Food and Tobacco Products 49 15,222 1.9 7,788 1.9 2 0.4

Apparel and Textile Products 40 44 *** 26 *** --- ---

Paper and Allied Products 46 3,960 0.5 2,142 0.5 --- ---

Printing and Publishing 46 6,797 0.9 3,697 0.9 --- ---

Furniture and Fixtures 35 290 *** 190 *** --- ---

Machinery and Computer Equipment 64 13,495 1.7 4,959 1.2 61 16.0

Electrical and Electronic Equipment 53 1,004 0.1 473 0.1 --- ---

Other Manufacturing 54 16,318 2.0 7,488 1.9 --- ---

TRANSPORTATION AND PUBLIC UTILITIES 47 170,656 21.4 90,376 22.5 28 7.5

Trucking 46 150,248 18.8 80,960 20.2 --- ---

Water Transportation 55 16,113 2.0 7,335 1.8 28 7.5

Other Transportation and Public Utilities 52 4,295 0.5 2,081 0.5 --- ---

INFORMATION 47 16,971 2.1 9,000 2.2 1 0.4

WHOLESALE TRADE 46 8,808 1.1 4,715 1.2 --- ---

RETAIL TRADE 49 60,412 7.6 30,606 7.6 12 3.1

SERVICES 52 93,772 11.7 44,697 9.4 48 13.3

Administration/Support 46 15,507 1.9 8,186 2.0 --- ---

Health Care/Social Assistance 54 23,734 3.0 10,637 2.7 48 12.5

Accommodation/Food Service 50 6,897 0.9 3,182 0.8 2 0.6

Other Services 55 47,633 6.0 22,693 5.7 1 0.1

TOTAL 48% $798,963 100.0% $401,080 100.0% $380 100.0%

Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans.

Due to rounding of individual items, numbers may not add up to totals and percentages may not add up to 100%.

*Vested liabilities have been adjusted to an interest rate that, along with the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations,

 reflects the cost to purchase an annuity at the beginning of 2010.

** Less than $500,000.

*** Less than 0.05 of one percent.

(in millions) (in millions) (in millions)

Industry Funding Ratio Total Liabilities* Underfunding Overfunding

Table M-14

Funding of PBGC-Insured Plans by Industry (2011)

Multiemployer Program

Average
Table M-15

PBGC Maximum Guaranteed Benefits (1980-2013)

Multiemployer Program

The participant's years of service multiplied

by the sum of:

 (1) 100% of the first $5 of the monthly

September 27, 1980, to December 21, 2000 $487.50 $5,850.00

 (2) 75% of the next $15 of the monthly

The participant's years of service multiplied

by the sum of:

 (1) 100% of the first $11 of the monthly

On or after December 22, 2000** $1,072.50 $12,870.00

 (2) 75% of the next $33 of the monthly

* The formula presumes that the workers' monthly benefits are calculated by multiplying the monthly benefit accrual rate (a plan-specified dollar amount) 

 times years of service. If the monthly benefit accrual rate prior to December 22, 2000, was less than $20 per year of service or if the accrual rate 

 after December 21, 2000 is less than $44 per year of service then the maximum benefit guarantee for a participant with 30 years of service will be lower

 than the amounts shown. Note that there is no cap on applicable years of service; 30 years was selected for illustrative purposes only.

** The increased guarantee does not apply to multiemployer plans that received financial aid from PBGC between December 22, 1999, and December 21, 2000.

 The original, lower monthly benefit guarantee continues to apply to participants in these plans.

-plus-

 benefit accrual rate

(30 Years of Service)* (30 Years of Service)*

 benefit accrual rate

-plus-

 benefit accrual rate

 benefit accrual rate

Date of Plan Monthly Benefit Formula Maximum Monthly Maximum Annual

Insolvency Guarantee Guarantee
$10 $30 $50 $70 $90

10 $1,200 $3,030 $4,290 $4,290 $4,290

(100%) (84%) (72%) (51%) (40%)

20 $2,400 $6,060 $8,580 $8,580 $8,580

(100%) (84%) (72%) (51%) (40%)

30 $3,600 $9,090 $12,870 $12,870 $12,870

(100%) (84%) (72%) (51%) (40%)

40 $4,800 $12,120 $17,160 $17,160 $17,160

(100%) (84%) (72%) (51%) (40%)

Guarantee varies based on each participant's years of service and the plan's benefit multiplier (i.e., monthly benefit accrual rate). 

The amounts shown above assumes that plan benefits are determined by multiplying a plan-specified benefit accrual rate by years 

of service (as is the case for most multiemployer plans).

This table applies only to plans that became insolvent on or after December 31, 2000.

 If the accrual rate was amended to increase benefits within five years before plan's termination date, some or all the increase will 

not be guaranteed.

Table M-16

Illustrative Annual PBGC Maximum Guaranteed Benefit Amounts 

(and Percentage of Benefit Guaranteed), 2013

Multiemployer Program

Years of 

service

Monthly Accrual Rate per Year of Service
Table M-17

PBGC's Historic Premium Rates

Multiemployer Program

Premium Rate

(per participant)

September 2, 1974 - August 31, 1979 $0.50

September 1, 1979 - September 26, 1980 $0.50 for plan years beginning in September 1979,

growing gradually to $1.00 for plan years beginning

September 1, 1980, to September 26, 1980

September 27, 1980 - September 26, 1984 $1.40

September 27, 1984 - September 26, 1986 $1.80

September 27, 1986 - September 26, 1988 $2.20

September 27, 1988 - December 31, 2005 $2.60

$8.00*

$9.00

$12.00

* Beginning in 2007 and ending December 31, 2012, this amount was adjusted annually based on changes in the national

average wage index (as defined in section 209(k)(1) of the Social Security Act). The premium rate did not decline even

if the national average wage index declined. The adjusted premium rate was rounded to the nearest multiple of $1. 

For Plan Years

Beginning

2006 - 2007 

2008 - 2012 

2013