DATA TABLE LISTING

PBGC Pension Data at a Glance (1975-2011)

Table PBGC's Single-Employer Program

S-1 Net Financial Position of PBGC's Single-Employer Program (1980-2011)

S-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2011)

S-3 PBGC Terminations and Claims (1975-2011)

S-4 PBGC Claims (1975-2011)

S-5 Top 10 Firms Presenting Claims (1975-2011)

S-6 PBGC Trusteed Terminations by Fiscal Year and Size of Claim (1975-2011)

S-7 PBGC Claims by Fiscal Year and Size of Claim (1975-2011)

S-8 PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2011)

S-9 PBGC Claims by Fiscal Year and Funded Ratio (1975-2011)

S-10 PBGC Trusteed Plans by Size of Claim and Funded Ratio (1975-2011)

S-11 PBGC Claims by Size of Claim and Funded Ratio (1975-2011)

S-12 Average Claim per Vested Participant by Plan Size (1975-2011)

S-13 PBGC Trusteed Plans by Fiscal Year and Plan Size (1975-2011)

S-14 PBGC Claims by Fiscal Year and Plan Size (1975-2011)

S-15 PBGC Trusteed Plans by Size of Claim and Plan Size (1975-2011)

S-16 PBGC Claims by Size of Claim and Plan Size (1975-2011)

S-17 PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2011)

S-18 PBGC Claims by Funded Ratio and Plan Size (1975-2011)

S-19 PBGC Claims by Industry (1975-2011)

S-20 PBGC Benefit Payments, Payees, and Deferred Payees (1980-2011)

S-21 PBGC Payees and Benefit Payments by Date of Plan Termination (2011)

S-22 PBGC Payees and Benefit Payments by Size of Trusteed Plan (2011)

S-23 Total PBGC Payees and Average Benefit Payments by Gender and Age (2011)

S-24 PBGC Retired Payees and Average Benefit Payments by Gender and Age (2011)

S-25 PBGC Beneficiary Payees and Average Benefit Payments by Gender and Age (2011)

S-26 Total PBGC Payees and Benefit Payments by Size of Monthly Payment (2011)

S-27 PBGC Retired Payees and Benefit Payments by Size of Monthly Payment (2011)

S-28 PBGC Beneficiary Payees and Benefit Payments by Size of Monthly Payment (2011)

S-29 PBGC Payees and Benefit Payments by Industry (2011)

S-30 PBGC-Insured Plan Participants (1980-2011)

S-31 PBGC-Insured Plans (1980-2011)

S-32 PBGC-Insured Plan Participants by Participant Status (1980-2010)

S-33 PBGC-Insured Active Participants as a Percent of Private-Sector Wage and Salary Workers (1980-2010)

S-34 PBGC-Insured Hybrid Plans by Plan Size (2001-2010)

S-35 PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2010)

S-36 PBGC-Insured Plans by Status of Benefit Accruals and Whether a Plan is Open to New Entrants (2008-2011)

S-37 Active Participants in PBGC-Insured Plans by Status Of Benefit Accruals and Whether a Plan is Open to New 

Entrants (2008-2011)

S-38 PBGC-Insured Plans, Participants and Premiums by Industry (2010)

S-39 PBGC's Historic Premium Rates

S-40 PBGC Premium Revenue (1980-2011)

S-41 PBGC Premium Revenue by Size of Plan and Type of Premium (2010)

S-42 PBGC-Insured Plans and Participants by Total Premium Paid (2010)

S-43 PBGC-Insured Plans and Participants by Variable-Rate Premium Status (1992-2010) 

S-44 Funding of PBGC-Insured Plans (1980-2010)

S-45 Funding of Underfunded PBGC-Insured Plans (1980-2010)

S-46 Funding of Overfunded PBGC-Insured Plans (1980-2010)

S-47 Concentration of Underfunding in PBGC-Insured Plans (1990-2010)

S-48 Plans, Participants and Funding of PBGC-Insured Plans by Funding Ratio (2010) 

S-49 Various Measures of Underfunding in PBGC-Insured Plans (1992-2011)

S-50 Funding of PBGC-Insured Plans by Industry (2010)

S-51 Pension Funding Data for PBGC-Insured Plans by Region and State (2010)

S-52 PBGC Pension Data by Region and State (2010)

S-53 PBGC Maximum Guaranteed Benefits (1990-2012)

PBGC's Multiemployer Program

M-1 Net Financial Position of PBGC's Multiemployer Program (1980-2011)

M-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2011)

M-3 PBGC Payees and Benefit Payments (1980-2011)
M-4 PBGC Financial Assistance to Insolvent Plans (1981-2011)

M-5 PBGC-Insured Plan Participants (1980-2011)

M-6 PBGC-Insured Plans (1980-2011)

M-7 PBGC-Insured Plan Participants by Participant Status (1980-2010)

M-8 PBGC-Insured Plans and Participants by Industry (2010)

M-9 Funding of PBGC-Insured Plans (1980-2010)

M-10 Funding of Underfunded PBGC-Insured Plans (1980-2010)

M-11 Funding of Overfunded PBGC-Insured Plans (1980-2010)

M-12 Concentration of Underfunding in PBGC-Insured Plans (1990-2010)

M-13 Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio (2010)

M-14 Funding of PBGC-Insured Plans by Industry (2010)

M-15 PBGC Maximum Guaranteed Benefits (1980-2012)

M-16 PBGC's Historic Premium Rates
PBGC AT A GLANCE,1975-2011

 Fiscal Year 2011:

Net Financial Position -$23,266 -$2,770 -$26,036

 Total Assets $78,960 $1,739 $80,699

 Total Liabilities $102,226 $4,509 $106,735

Premium Revenue* $2,072 $92 $2,164

Number of Insured Plans 25,607 1,454 $27,061

Number of Insured Participants 33.4 million 10.3 million 43.7 million

New Plans Trusteed or Pending Trusteeship 152 n/a 152

Change in Gross Claims $1,032 n/a $1,032

Number of Payees** 780,682 97 780,779

Total Benefits Paid $5,340 *** $5,340

Number of Plans Receiving Financial Assistance n/a 49 49

Amount of Financial Assistance Granted n/a $114 $114

 Fiscal Years 1975-2011:

Plans Trusteed or Pending Trusteeship 4,292 10 4,302

Amount of Claims $45,671 $31 $45,702

Number of Plans Receiving Financial Assistance n/a 68 68

Total Amount of Financial Assistance Granted n/a $693 $693

Sources: PBGC Pension Insurance Data 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 2011.

***Less than $500,000.

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

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

Program Program Programs

Single-Employer Multiemployer Combined
Table S-1

Net Financial Position of PBGC's Single-Employer Program (1980-2011)

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

Source: PBGC Annual Reports (1980-2011).

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

Data for 2009 and 2010 were revised.
Table S-2

PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2011) 

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

Source: PBGC Annual Reports (1980-2011).

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

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 74.3 708.5

2000 1,892 73 266.3 367.2 100.9 15.3 85.6

2001 1,748 117 2,535.5 3,686.1 1,150.7 184.9 965.8

2002 1,452 186 4,520.3 8,309.6 3,789.3 283.6 3,505.8

2003 1,203 170 6,947.3 13,399.9 6,452.7 202.5 6,250.2

2004 1,198 164 2,848.2 6,116.4 3,268.2 526.6 2,741.6

2005 1,108 126 10,239.9 21,541.1 11,301.2 1,796.5 9,504.7

2006 1,247 88 2,353.9 4,588.3 2,234.4 1,324.0 910.4

2007 1,233 75 629.4 972.6 343.2 29.9 313.4

2008 1,405 78 535.0 816.9 281.9 28.4 253.6

2009 1,294 175 10,012.0 18,779.5 8,767.5 769.8 7,997.7

2010 1,308 112 1,231.1 2,369.0 1,138.0 83.6 1,054.4

2011 1,400 45 617.1 1,138.1 521.0 9.2 511.8

TOTAL 134,327 4,292 $47,733.2 $93,404.7 $45,671.5 $6,150.4 $39,521.1

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 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 152 underfunded terminated plans during FY 2011, but only 45 of these plans had termination dates during FY 2011.

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

The annual numbers of standard terminations shown in this table may differ from those reported in previous years as they now represent the number of termination cases that were closed

during the fiscal year, while earlier years show the the number of standard termination applications received.

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

(in millions)

Assets Liabilities Claims Recoveries

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

Year Claims

Table S-3

PBGC Terminations and Claims (1975-2011)

Single-Employer Program

Fiscal Gross Net
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 100,912,737 --- --- 100,912,737 100.0%

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

2002 3,789,316,275 2,081,361,846 54.9% 1,707,954,429 45.1%

2003 6,452,653,196 5,534,400,377 85.8% 918,252,819 14.2%

2004 3,268,244,304 692,584,383 21.2% 2,575,659,921 78.8%

2005 11,301,232,905 9,544,132,212 84.5% 1,757,100,693 15.5%

2006 2,234,407,593 1,720,156,504 77.0% 514,251,089 23.0%

2007 343,224,536 --- --- 343,224,536 100.0%

2008 281,923,602 --- --- 281,923,602 100.0%

2009 8,767,482,749 6,387,323,184 72.9% 2,380,159,564 27.1%

2010 1,137,971,872 --- --- 1,137,971,872 100.0%

2011 521,048,169 --- --- 521,048,169 100.0%

TOTAL (1975-2011) $45,671,473,593 $27,469,418,046 60.1% $18,202,055,547 39.9%

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 $7,347,077,849 123,957 $59,271 16.1%

2. Delphi 6 2009 6,387,323,184 69,042 92,514 14.0%

3. Bethlehem Steel 1 2003 3,702,771,655 91,312 40,551 8.1%

4. US Airways 4 2003, 2005 2,751,534,173 55,770 49,337 6.0%

5. LTV Steel* 6 2002, 2003, 2004 2,134,985,884 83,094 25,694 4.7%

6. Delta Air Lines 1 2006 1,720,156,504 13,291 129,423 3.8%

7. National Steel 7 2003 1,275,628,286 33,737 37,811 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 1.5%

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

Top 10 Total 35 $27,469,418,046 543,875 $50,507 60.1%

All Other Total 4,257 18,202,055,547 1,408,291 12,925 39.9%

TOTAL 4,292 $45,671,473,593 1,952,166 $23,395 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/11), 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) (1975-2011)

Table S-5

Top 10 Firms Presenting Claims (1975-2011) 

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 358 244 83 23 2 710

2005-2009 205 248 70 12 7 542

2010 39 53 19 1 --- 112

2011 10 23 12 --- --- 45

TOTAL 2,990 991 255 47 9 4,292

Percent of Total 69.7% 23.1% 5.9% 1.1% 0.2% 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, percentages may not add up to 100%.

Fiscal Year Less Than $1 Million $1-$9 Million $10-$99 Million $100-$999 Million $1 Billion or More Total

SIZE OF CLAIM

Table S-6

PBGC Trusteed Terminations by Fiscal Year and Size of Claim (1975-2011)

Single-Employer Program
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 3.7%

1990-1994 125,685,495 449,076,658 447,349,949 1,819,857,864 --- 2,841,969,967 6.2%

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

2000-2004 119,312,908 807,299,754 2,442,101,256 5,996,286,914 $5,396,777,176 14,761,778,009 32.3%

2005-2009 83,042,378 797,074,535 2,205,657,441 4,448,403,427 15,394,093,604 22,928,271,384 50.2%

2010 17,350,701 176,870,083 662,673,719 281,077,369 --- 1,137,971,872 2.5%

2011 4,332,467 75,578,455 441,137,247 --- --- 521,048,169 1.1%

TOTAL $661,944,338 $3,115,383,160 $7,574,704,582 $13,528,570,733 $20,790,870,780 $45,671,473,593 100.0%

Percent of Total 1.4% 6.8% 16.6% 29.6% 45.5% 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%.

Fiscal Year Less Than $1 Million $1-$9 Million $10-$99 Million $100-$999 Million $1 Billion or More Total

SIZE OF CLAIM

Table S-7

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

Single-Employer Program
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 117 200 247 146 710

2005-2009 102 167 204 69 542

2010 20 40 46 6 112

2011 10 11 23 1 45

TOTAL 1,110 1,067 1,230 885 4,292

Percent of Total 25.9% 24.9% 28.7% 20.6% 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, percentages may not add up to 100%.

Total

Table S-8

PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2011)

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 713,633,452 7,639,125,236 6,223,043,036 185,976,285 14,761,778,009

2005-2009 238,299,297 16,242,841,885 6,222,944,042 224,186,161 22,928,271,385

2010 34,286,305 318,082,751 783,197,228 2,405,588 1,137,971,872

2011 105,091,828 144,233,158 260,341,638 11,381,545 521,048,169

TOTAL $4,209,891,842 $25,894,976,581 $14,879,160,931 $687,444,239 45,671,473,593

Percent of Total 9.2% 56.7% 32.6% 1.5% 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%.

Total

Table S-9

PBGC Claims by Fiscal Year and Funded Ratio (1975-2011)

Single-Employer Program

Fiscal FUNDED RATIO

Year Less Than 25% 25%-49% 50%-74% 75% or More
Less Than 25% 847 215 39 9 --- 1,110

25% - 49% 625 321 97 18 6 1,067

50% - 74% 726 375 106 20 3 1,230

75% or more 792 80 13 --- --- 885

 TOTAL 2,990 991 255 47 9 4,292

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.

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

Table S-10

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

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion
 Less Than 25% $220,797,514 $595,548,891 $1,096,167,239 $2,297,378,198 --- $4,209,891,841 9.2%

 25% - 49% 173,954,084 1,081,600,037 3,110,819,744 5,707,115,355 $15,821,487,362 25,894,976,581 56.7%

 50% - 74% 191,558,695 1,209,113,845 2,985,027,792 5,524,077,181 4,969,383,419 14,879,160,931 32.6%

 75% or more 75,634,045 229,120,388 382,689,806 --- --- 687,444,239 1.5%

 TOTAL $661,944,338 $3,115,383,161 $7,574,704,581 $13,528,570,733 $20,790,870,781 $45,671,473,593 100.0%

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%.

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

Table S-11

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

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion
Average 

Number of Plan Vested Claim Per 

Participants Participants Plans Claims Claims Participant

(2011 Dollars) (2011 Dollars)

Fewer Than 100 91,239 2,647 $768,665,006 1.7% $8,425 $1,154,649,084 2.0% $12,655

100-999 420,703 1,363 4,320,747,727 9.5% 10,270 6,146,506,365 10.8% 14,610

1,000-4,999 419,682 214 7,013,376,704 15.4% 16,711 9,576,680,381 16.8% 22,819

5,000-9,999 244,071 34 5,316,464,442 11.6% 21,782 6,912,185,112 12.1% 28,320

10,000 or more 776,471 34 28,252,219,713 61.9% 36,385 33,113,656,856 58.2% 42,646

TOTAL 1,952,166 4,292 $45,671,473,593 100.0% $23,395 $56,903,677,798 100.0% $29,149

 

Sources: PBGC Fiscal Year Closing File (9/30/11), 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 1975-2011.

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

Claims in 2011 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 (1975-2011)

Single-Employer Program

Average 

Claim Per 
Fiscal Year

1975-1979 275 198 104 9 --- --- 586 13.7%

1980-1984 225 232 146 19 --- --- 622 14.5%

1985-1989 178 205 136 13 4 1 537 12.5%

1990-1994 170 259 243 18 1 3 694 16.2%

1995-1999 110 156 150 24 4 --- 444 10.3%

2000-2004 119 196 308 59 16 12 710 16.5%

2005-2009 94 153 215 56 6 18 542 12.6%

2010 25 32 44 9 2 --- 112 2.6%

2011 5 15 17 7 1 --- 45 1.0%

TOTAL 1,201 1,446 1,363 214 34 34 4,292 100.0%

Percent of Total 28.0% 33.7% 31.8% 5.0% 0.8% 0.8% 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, percentages may not add up to 100%.

Fewer Than 25 25-99 100-999 1,000-4,999 5,000-9,999 10,000 or More Total

NUMBER OF PLAN PARTICIPANTS

Table S-13

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

Single-Employer Program
1975-1979 $10,500,637 $26,435,645 $122,694,866 $92,575,001 --- --- $252,206,149 0.6%

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 3.7%

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 6.2%

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

2000-2004 23,798,513 132,949,699 1,298,601,552 2,671,680,664 3,227,539,232 7,407,208,350 14,761,778,009 32.3%

2005-2009 43,988,550 144,129,311 1,019,729,333 1,554,884,123 810,171,137 19,355,368,930 22,928,271,384 50.2%

2010 9,023,700 53,837,642 333,342,784 407,127,497 334,640,249 --- 1,137,971,872 2.5%

2011 4,960,437 23,407,371 116,123,157 365,175,659 11,381,545 --- 521,048,169 1.1%

TOTAL $152,012,976 $616,652,030 $4,320,747,727 $7,013,376,704 $5,316,464,442 $28,252,219,713 $45,671,473,593 100.0%

Percent of Total 0.3% 1.4% 9.5% 15.4% 11.6% 61.9% 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%.

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

Table S-14

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

Single-Employer Program
Number of Plan

Participants

Fewer Than 25 1,184 17 --- --- --- 1,201

25-99 1,275 171 --- --- --- 1,446

100-999 522 746 95 --- --- 1,363

1,000-4,999 8 56 138 12 --- 214

5,000-9,999 --- 1 16 17 --- 34

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

TOTAL 2,990 991 255 47 9 4,292

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.

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

Table S-15

PBGC Trusteed Plans by Size of Claim and Plan Size (1975-2011)

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion
Number of Plan

Participants

Fewer Than 25 $125,407,570 $26,605,407 --- --- --- $152,012,977

25-99 317,628,380 299,023,649 --- --- --- 616,652,030

100-999 213,779,473 2,502,267,552 $1,604,700,702 --- --- 4,320,747,727

1,000-4,999 4,499,065 281,065,716 4,813,039,157 $1,914,772,766 --- 7,013,376,704

5,000-9,999 --- 6,420,836 807,378,399 4,502,665,208 --- 5,316,464,442

10,000 or more 629,850 --- 349,586,324 7,111,132,759 $20,790,870,780 28,252,219,713

TOTAL $661,944,338 $3,115,383,160 $7,574,704,582 $13,528,570,733 $20,790,870,780 $45,671,473,593

Percent of Total 1.4% 6.8% 16.6% 29.6% 45.5% 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%.

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

Table S-16

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

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion
Fewer Than 25 443 245 213 300 1,201

25-99 400 362 391 293 1,446

100-999 231 367 515 250 1,363

1,000-4,999 32 67 82 33 214

5,000-9,999 3 13 13 5 34

10,000 or more 1 13 16 4 34

TOTAL 1,110 1,067 1,230 885 4,292

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.

75% or More Total

Table S-17

PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2011)

Single-Employer Program

Number of Plan FUNDED RATIO

Participants Less Than 25% 25%-49% 50%-74%
Number of Plan

Participants

Fewer Than 25 $80,203,870 $43,303,864 $24,114,993 $4,390,250 $152,012,977

25-99 233,812,698 205,989,463 156,739,887 20,109,982 616,652,030

100-999 774,878,950 1,561,092,771 1,787,942,683 196,833,323 4,320,747,727

1,000-4,999 1,757,433,095 2,633,231,711 2,452,109,407 170,602,491 7,013,376,704

5,000-9,999 584,025,842 2,720,596,271 1,842,311,426 169,530,904 5,316,464,442

10,000 or more 779,537,388 18,730,762,501 8,615,942,535 125,977,288 28,252,219,713

TOTAL $4,209,891,842 $25,894,976,581 $14,879,160,931 $687,444,239 $45,671,473,593

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.

Total

Table S-18

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

Single-Employer Program

FUNDED RATIO

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

PBGC Claims by Industry (1975-2011)

Single-Employer Program

Vested 

Industry Total Claims Plans Participants

AGRICULTURE, MINING, AND CONSTRUCTION $662,929,189 1.5% 238 51,889

MANUFACTURING 26,716,612,279 58.5% 2,636 1,178,786

Apparel and Textile Mill Products 1,256,051,288 2.8% 196 169,781

Fabricated Metal Products 1,616,268,042 3.5% 622 116,904

Food and Tobacco Products 404,830,472 0.9% 174 41,542

Machinery Manufacturing 1,194,509,216 2.6% 273 91,179

Motor Vehicle Equipment 6,970,359,392 15.3% 118 128,236

Primary Metals 12,055,681,801 26.4% 340 398,296

Rubber and Miscellaneous Plastics 493,629,207 1.1% 121 34,969

Other Manufacturing 2,725,282,861 6.0% 792 197,879

TRANSPORTATION AND PUBLIC UTILITIES 14,467,132,988 31.7% 194 341,350

Air Transportation 14,083,781,694 30.8% 42 310,259

Other Transportation and Utilities 383,351,294 0.8% 152 31,091

INFORMATION 125,423,582 0.3% 56 9,644

WHOLESALE TRADE 481,153,712 1.1% 271 39,040

RETAIL TRADE 684,285,182 1.5% 310 134,053

FINANCE, INSURANCE, AND REAL ESTATE 1,032,013,369 2.3% 131 82,187

SERVICES 1,501,923,292 3.3% 456 115,217

TOTAL $45,671,473,593 100.0% 4,292 1,952,166

Sources: PBGC Fiscal Year Closing File (9/30/11) 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 (1980-2011)

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

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 5,398 0.7% $7.0 0.1% $109 $85 1,423

1980 to 1984 22,924 2.9% 55.9 1.0% 202 162 3,575

1985 to 1989 36,387 4.7% 120.5 2.3% 272 198 7,145

1990 to 1994 88,719 11.4% 366.9 6.9% 338 242 26,551

1995 7,446 1.0% 26.8 0.5% 297 158 3,946

1996 9,866 1.3% 26.0 0.5% 218 120 4,405

1997 13,010 1.7% 43.2 0.8% 275 196 7,464

1998 4,496 0.6% 14.1 0.3% 258 151 4,009

1999 8,198 1.1% 23.7 0.4% 237 151 13,043

2000 9,640 1.2% 26.1 0.5% 224 124 3,976

2001 48,202 6.2% 282.6 5.3% 482 294 25,335

2002 97,987 12.6% 560.6 10.5% 475 309 39,515

2003 102,411 13.1% 886.9 16.6% 722 436 47,726

2004 69,903 9.0% 349.7 6.5% 423 244 44,559

2005 106,186 13.6% 1,107.5 20.7% 848 447 127,166

2006 17,352 2.2% 271.5 5.1% 1,298 486 17,673

2007 12,263 1.6% 56.7 1.1% 375 193 13,888

2008 8,477 1.1% 42.3 0.8% 471 217 14,643

2009 92,357 11.8% 990.3 18.5% 1,093 542 140,107

2010 17,917 2.3% 76.2 1.4% 466 285 32,419

2011 1,543 0.2% 5.7 0.1% 609 364 16,285

TOTAL 780,682 100.0% $5,340.3 100.0% $579 $287 594,853

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%.

Deferred

Payees in 2011

(in millions)

Plan Termination Payees in 2011 Benefit Payments in 2011 Pension Pension

Fiscal Year of Monthly Monthly

Table S-21

PBGC Payees and Benefit Payments by Date of Plan Termination (2011)

Single-Employer Program

Average Median
Table S-22

PBGC Payees and Benefit Payments by Size of Trusteed Plan (2011)

Single-Employer Program

Number

of Plan

Participants Payees

Fewer Than 100 44,443 5.7% $122.6 2.3% $228 $133

100 - 499 98,063 12.6% 353.0 6.6% 306 189

500 - 999 62,114 8.0% 244.1 4.6% 336 202

1,000 - 4,999 166,003 21.3% 824.2 15.4% 423 240

5,000 - 9,999 92,986 11.9% 714.1 13.4% 652 389

10,000 - 24,999 140,157 18.0% 1,296.2 24.3% 741 313

25,000 or more 176,916 22.7% 1,786.0 33.4% 890 616

TOTAL 780,682 100.0% $5,340.3 100.0% $579 $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 58,871 100.0% $629 34,195 58.1% $742 24,676 41.9% $476

60 - 64 119,631 100.0% 690 73,856 61.7% 800 45,775 38.3% 515

65 - 69 160,361 100.0% 662 102,124 63.7% 775 58,237 36.3% 467

70 - 74 136,673 100.0% 617 87,590 64.1% 771 49,083 35.9% 348

75 - 79 113,173 100.0% 549 68,637 60.6% 731 44,536 39.4% 273

80 - 84 91,921 100.0% 461 50,332 54.8% 658 41,589 45.2% 229

85 and older 94,248 100.0% 364 42,182 44.8% 576 52,066 55.2% 198

TOTAL 774,878 100.0% $579 458,916 59.2% $738 315,962 40.8% $352

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

* Total payees include retirees plus beneficiaries. In these tables, a beneficiary is someone other than a former employee who receives pension benefits – for example, a surviving spouse.

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.

Age Pension Pension Pension

Average Average Average 

Monthly Monthly Monthly 

Table S-23

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

Single-Employer Program

TOTAL PERIODIC PAYEES MALE FEMALE
Single-Employer Program

Payees Payees Payees

Younger Than 60 49,619 100.0% $677 33,233 67.0% $755 16,386 33.0% $519

60 - 64 109,213 100.0% 722 73,213 67.0% 805 36,000 33.0% 555

65 - 69 145,603 100.0% 695 101,182 69.5% 780 44,421 30.5% 504

70 - 74 119,460 100.0% 666 86,646 72.5% 777 32,814 27.5% 372

75 - 79 93,329 100.0% 615 67,834 72.7% 738 25,495 27.3% 289

80 - 84 70,490 100.0% 540 49,683 70.5% 665 20,807 29.5% 242

85 and older 65,295 100.0% 443 41,397 63.4% 584 23,898 36.6% 198

TOTAL 653,009 100.0% $640 453,188 69.4% $745 199,821 30.6% $401

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.

Monthly Monthly Monthly 

Age Pension Pension Pension

Average Average Average 

Table S-24

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

TOTAL RETIRED PAYEES MALE FEMALE
Single-Employer Program

Payees Payees Payees

Younger Than 60 9,252 100.0% $387 962 10.4% $316 8,290 89.6% $395

60 - 64 10,418 100.0% 374 643 6.2% 324 9,775 93.8% 377

65 - 69 14,758 100.0% 351 942 6.4% 304 13,816 93.6% 355

70 - 74 17,213 100.0% 300 944 5.5% 256 16,269 94.5% 302

75 - 79 19,844 100.0% 250 803 4.0% 186 19,041 96.0% 253

80 - 84 21,431 100.0% 215 649 3.0% 171 20,782 97.0% 216

85 and older 28,953 100.0% 196 785 2.7% 144 28,168 97.3% 198

TOTAL 121,869 100.0% $271 5,728 4.7% $247 116,141 95.3% $273

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

* In these tables, a beneficiary is someone other than a former employee who receives pension benefits – for example, a surviving spouse.

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.

Monthly Monthly Monthly 

Age Pension Pension Pension

Average Average Average 

Table S-25

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

TOTAL BENEFICIARY PAYEES MALE FEMALE
Table S-26

Single-Employer Program

Less Than $50 43,938 5.7% $16,945,015 0.3%

$50 - $99 106,352 13.7% 98,522,611 1.9%

$100 - $149 88,727 11.5% 130,710,415 2.5%

$150 - $199 63,099 8.1% 131,033,476 2.5%

$200 - $249 52,675 6.8% 140,914,639 2.7%

$250 - $299 40,450 5.2% 132,702,181 2.6%

$300 - $349 36,557 4.7% 141,414,892 2.7%

$350 - $399 28,501 3.7% 127,759,803 2.5%

$400 - $449 27,025 3.5% 137,122,416 2.7%

$450 - $499 22,561 2.9% 128,245,035 2.5%

$500 - $549 21,769 2.8% 136,407,873 2.6%

$550 - $599 18,979 2.4% 130,667,939 2.5%

$600 - $749 45,086 5.8% 362,743,164 7.0%

$750 - $999 48,096 6.2% 500,892,439 9.7%

$1,000 - $1,499 64,201 8.3% 964,832,035 18.7%

$1,500 - $1,999 37,062 4.8% 772,587,836 14.9%

$2,000 - $2,499 13,913 1.8% 373,803,358 7.2%

$2,500 or more 15,887 2.1% 745,144,735 14.4%

TOTAL 774,878 100.0% $5,172,449,860 100.0%

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

* Total payees include retirees plus beneficiaries. In these tables, a beneficiary is someone other than a former employee who receives pension benefits – for example, a surviving spouse

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 (2011)

Monthly Payment Total Payees Total Pension Payments
Less Than $50 33,825 5.2% $13,136,680 0.3%

$50 - $99 72,346 11.1% 64,870,636 1.4%

$100 - $149 65,805 10.1% 96,959,716 2.0%

$150 - $199 51,982 8.0% 107,439,631 2.2%

$200 - $249 44,336 6.8% 117,802,177 2.5%

$250 - $299 34,047 5.2% 110,964,297 2.3%

$300 - $349 31,490 4.8% 121,106,509 2.5%

$350 - $399 24,981 3.8% 111,423,607 2.3%

$400 - $449 24,187 3.7% 122,163,824 2.6%

$450 - $499 20,322 3.1% 115,040,474 2.4%

$500 - $549 19,833 3.0% 123,789,016 2.6%

$550 - $599 17,405 2.7% 119,331,951 2.5%

$600 - $749 41,619 6.4% 333,897,403 7.0%

$750 - $999 44,628 6.8% 463,892,862 9.7%

$1,000 - $1,499 61,293 9.4% 922,105,459 19.3%

$1,500 - $1,999 36,116 5.5% 752,554,725 15.7%

$2,000 - $2,499 13,484 2.1% 362,081,623 7.6%

$2,500 or more 15,310 2.3% 720,606,841 15.1%

TOTAL 653,009 100.0% $4,779,167,430 100.0%

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 (2011)

Single-Employer Program

Monthly Payment Retired Payees Total Pension Payments
Less Than $50 10,113 8.3% $3,808,335 1.0%

$50 - $99 34,006 27.9% 33,651,975 8.6%

$100 - $149 22,922 18.8% 33,750,699 8.6%

$150 - $199 11,117 9.1% 23,593,844 6.0%

$200 - $249 8,339 6.8% 23,112,463 5.9%

$250 - $299 6,403 5.3% 21,737,884 5.5%

$300 - $349 5,067 4.2% 20,308,383 5.2%

$350 - $399 3,520 2.9% 16,336,196 4.2%

$400 - $449 2,838 2.3% 14,958,592 3.8%

$450 - $499 2,239 1.8% 13,204,562 3.4%

$500 - $549 1,936 1.6% 12,618,857 3.2%

$550 - $599 1,574 1.3% 11,335,988 2.9%

$600 - $749 3,467 2.8% 28,845,761 7.3%

$750 - $999 3,468 2.8% 36,999,578 9.4%

$1,000 - $1,499 2,908 2.4% 42,726,576 10.9%

$1,500 - $1,999 946 0.8% 20,033,110 5.1%

$2,000 - $2,499 429 0.4% 11,721,735 3.0%

$2,500 or more 577 0.5% 24,537,894 6.2%

TOTAL 121,869 100.0% ################## 100.0%

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

* In these tables, a beneficiary is someone other than a former employee who receives pension benefits – for example, a surviving spouse.

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 (2011)

Single-Employer Program

Monthly Payment Beneficiary Payees Total Pension Payments
Mean Median

Monthly Monthly

Pension Pension

AGRICULTURE, MINING, AND CONSTRUCTION 15,190 1.9% $82,033,964 1.5% $452 $263

MANUFACTURING 517,302 66.3% 3,143,173,510 58.9% 520 261

Apparel and Textile Mill Products 69,087 8.8% 150,144,766 2.8% 183 97

Fabricated Metal Products 43,722 5.6% 184,817,947 3.5% 355 225

Food and Tobacco Products 13,712 1.8% 36,550,505 0.7% 233 155

Machinery and Computer Equipment 37,980 4.9% 182,308,470 3.4% 398 222

Motor Vehicle Equipment 56,800 7.3% 766,241,903 14.3% 1312 1115

Primary Metals 214,923 27.5% 1,480,331,199 27.7% 576 384

Rubber and Miscellaneous Plastics 12,045 1.5% 42,893,803 0.8% 300 203

Other Manufacturing 69,033 8.8% 299,884,917 5.6% 382 211

TRANSPORTATION AND PUBLIC UTILITIES 151,634 19.4% 1,698,156,920 31.8% 903 490

Air Transportation 140,684 18.0% 1,648,033,758 30.9% 945 522

Other Transportation 10,898 1.4% 50,014,077 0.9% 381 187

Public Utilities 52 * 109,085 * 174 144

INFORMATION 3,886 0.5% 13,126,887 0.2% 307 191

WHOLESALE TRADE 11,398 1.5% 46,241,832 0.9% 346 205

RETAIL TRADE 32,560 4.2% 91,117,385 1.7% 235 146

FINANCE, INSURANCE, AND REAL ESTATE 19,113 2.4% 138,930,113 2.6% 707 352

SERVICES 29,176 3.7% 125,971,130 2.4% 402 234

Health Care 18,052 2.3% 75,152,640 1.4% 417 258

Other Services 11,124 1.4% 50,818,490 1.0% 385 211

NON-PROFIT ORGANIZATIONS 423 0.1% 1,539,968 * 309 144

TOTAL 780,682 100.0% $5,340,291,709 100.0% $579 $287

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 (2011)

 Single-Employer Program

Industry Payees Benefit Payments
Table S-30

PBGC-Insured Plan Participants (1980-2011)

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

Source: PBGC Premium Filings.

2011 figures are estimates from PBGC internal calculations. 2010 estimates reported last year have been updated to reflect actual premium filings.

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

PBGC-Insured Plans (1980-2011)

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

Source: PBGC Premium Filings.

2011 figures are estimates from PBGC internal calculations. 2010 estimates reported last year have been updated to reflect actual premium filings.
Table S-32

PBGC-Insured Plan Participants by Participant Status (1980-2010)

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 38.7% 30.7% 30.7%

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%.

2010 figures are estimates from PBGC internal calculations. 2009 figures reported last year have been updated to reflect actual Form 5500 filings.
Single-Employer Multiemployer Total PBGC-Insured

Year Active Participants Active Participants Active Participants

1980 78,349 27.3% 7.7% 35.0%

1985 88,293 24.4% 6.1% 30.5%

1990 94,772 22.7% 5.3% 28.0%

1991 94,959 22.3% 5.2% 27.5%

1992 96,577 21.3% 5.0% 26.3%

1993 97,749 20.4% 4.7% 25.2%

1994 101,077 19.6% 4.5% 24.1%

1995 102,162 18.5% 4.4% 22.9%

1996 104,313 17.3% 4.3% 21.7%

1997 106,955 17.0% 4.3% 21.3%

1998 108,340 16.8% 4.2% 21.0%

1999 110,131 16.5% 4.2% 20.6%

2000 112,443 15.8% 4.2% 19.9%

2001 113,458 15.5% 4.1% 19.6%

2002 113,711 15.0% 4.1% 19.1%

2003 114,924 14.5% 4.0% 18.5%

2004 115,672 14.1% 3.9% 18.0%

2005 118,160 13.2% 3.8% 17.1%

2006 119,858 12.7% 3.7% 16.4%

2007 121,563 12.1% 3.7% 15.8%

2008 121,524 12.1% 3.7% 15.7%

2009 119,392 11.4% 3.6% 15.0%

2010 120,272 10.7% 3.4% 14.2%

Sources: PBGC Pension Insurance Data Book 2010 Tables S-30, S-32, M-5 and M-7 and data on employed and unemployed wage and 

 salary workers from Employment and Earnings (Bureau of Labor Statistics, U.S. Department of Labor).

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

2010 figures are estimates from PBGC internal calculations. 2009 figures reported last year have been updated

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 Private-Sector Wage and Salary Workers

(1980-2010)
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 3,357 12.1% 1,109 392 35.3% 2,311 381 16.5% 24,377 2,584 10.6%

2010 26,377 3,674 13.9% 1,062 390 36.7% 2,200 375 17.0% 23,115 2,909 12.6%

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.

2010 figures are estimates from PBGC internal calculations. 2009 figures reported last year have been updated to reflect actual Form 5500 filings.

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 (2001-2010)

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 12,096 35.8% 26,089 10,919 41.9% 5,105 938 18.4% 2,639 239 9.1%

2010 33,447 12,477 37.3% 26,059 11,324 43.5% 4,903 917 18.7% 2,484 237 9.5%

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.

2010 figures are estimates from PBGC internal calculations. 2009 figures reported last year have been updated to reflect actual Form 5500 filings.

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 (2001-2010)

Single-Employer Program

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

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

Total Closed to new 

entrants

Open to new 

entrants Total

NUMBER OF PLANS

2008 6,072 574 360 7,006 1,053 20,817 21,870 28,876

2009 7,143 655 390 8,188 1,158 18,451 19,609 27,797

2010 7,722 675 408 8,805 1,171 16,401 17,572 26,377

2011 8,156 706 375 9,237 1,298 15,072 16,370 25,607

PERCENT OF PLANS

2008 21.0% 2.0% 1.2% 24.3% 3.6% 72.1% 75.7% 100.0%

2009 25.7% 2.4% 1.4% 29.5% 4.2% 66.4% 70.5% 100.0%

2010 29.3% 2.6% 1.5% 33.4% 4.4% 62.2% 66.6% 100.0%

2011 31.9% 2.8% 1.4% 36.1% 5.1% 58.9% 63.9% 100.0%

Source: PBGC Premium Filings.

Hard-frozen plans are plans where no participants are receiving benefit accruals, so by definition the plan is closed to new entrants. 

2011 figures are estimates from PBGC internal calculations. 

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

Beginning of Plan 

Year All Plans
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

Total Closed to new 

entrants

Open to new 

entrants Total

NUMBER OF ACTIVE 

2008 1,202 819 521 2,542 1,357 10,586 11,943 14,485

2009 1,418 736 468 2,622 1,361 9,649 11,011 13,633

2010 1,728 969 554 3,250 1,425 8,943 10,368 13,618

2011 1,858 1,196 526 3,580 1,662 7,719 9,381 12,961

PERCENT OF ACTIVE 

PARTICIPANTS

2008 8.3% 5.7% 3.6% 17.5% 9.4% 73.1% 82.5% 100.0%

2009 10.4% 5.4% 3.4% 19.2% 10.0% 70.8% 80.8% 100.0%

2010 12.7% 7.1% 4.1% 23.9% 10.5% 65.7% 76.1% 100.0%

2011 14.3% 9.2% 5.6% 27.6% 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 benefit accruals, so by definition the plan is closed to new entrants. 

2011 figures are estimates from PBGC internal calculations. 

1 Includes, among other arrangements, 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 (2010)

Single-Employer Program

Industry

AGRICULTURE, MINING, AND CONSTRUCTION 2,328 8.8% 586 1.8% $37,434,901 1.7%

MANUFACTURING 6,512 24.7% 14,975 44.8% 1,073,290,573 48.1%

Chemical and Allied Products 589 2.2% 1,827 5.5% 132,287,870 5.9%

Fabricated Metal Products 1,081 4.1% 575 1.7% 45,074,945 2.0%

Food, Beverage and Tobacco Products 634 2.4% 1,292 3.9% 71,237,082 3.2%

Machinery and Computer Equipment 768 2.9% 1,846 5.5% 130,597,023 5.9%

Motor Vehicle Equipment 276 1.0% 1,918 5.7% 188,676,528 8.5%

Paper Manufacturing 249 0.9% 568 1.7% 39,360,770 1.8%

Primary Metals 370 1.4% 517 1.5% 59,390,768 2.7%

Rubber and Miscellaneous Plastics 321 1.2% 343 1.0% 42,252,787 1.9%

Other Manufacturing 2,224 8.4% 6,089 18.2% 364,412,799 16.3%

TRANSPORTATION AND PUBLIC UTILITIES 957 3.6% 2,395 7.2% 262,986,875 11.8%

Air Transportation 54 0.2% 589 1.8% 114,827,733 5.1%

Other Transportation 525 2.0% 731 2.2% 46,130,512 2.1%

Public Utilities 378 1.4% 1,076 3.2% 102,028,631 4.6%

INFORMATION 667 2.5% 2,389 7.1% 145,105,404 6.5%

WHOLESALE TRADE 1,898 7.2% 843 2.5% 42,348,236 1.9%

RETAIL TRADE 1,187 4.5% 1,847 5.5% 94,538,393 4.2%

FINANCE, INSURANCE, AND REAL ESTATE 4,778 18.1% 4,072 12.2% 192,670,390 8.6%

SERVICES 7,083 26.9% 6,111 18.3% 363,381,395 16.3%

Health Care 2,031 7.7% 3,073 9.2% 183,482,009 8.2%

Other Services 5,052 19.2% 3,038 9.1% 179,899,385 8.1%

NON-PROFIT ORGANIZATIONS 967 3.7% 229 0.7% 19,243,834 0.9%

TOTAL 26,377 100.0% 33,447 100.0% $2,231,000,000 100.0%

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

* 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.

** 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, this amount is 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 will not decline even if the national average wage index declines. The adjusted premium rate is 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

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.

Premium Premium Premium Premium

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

Table S-40

PBGC Premium Revenue (1980-2011)

Flat-Rate Variable-Rate Termination Total
Number of Plan Flat-Rate Variable-Rate Total

Participants Premium Premium Premium *

Fewer Than 100 $11,544,127 1.0% $11,329,642 1.1% $22,873,770 1.0%

100 - 499 37,349,068 3.1% 39,214,896 3.8% 76,563,965 3.4%

500 - 999 35,837,398 3.0% 42,434,628 4.1% 78,272,026 3.5%

1,000 - 2,499 83,347,417 7.0% 89,662,817 8.6% 173,010,234 7.8%

2,500 - 4,999 88,954,316 7.5% 85,887,161 8.2% 174,841,477 7.8%

5,000 - 9,999 123,291,402 10.4% 138,660,867 13.3% 261,952,269 11.7%

10,000 or more 807,676,271 68.0% 635,809,988 61.0% 1,443,486,259 64.7%

TOTAL $1,188,000,000 100.0% $1,043,000,000 100.0% $2,231,000,000 100.0%

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 (2010)

Single-Employer Program

53% 47% 100%
Percent of All Participants

Percent of All Plans in Plans That Pay

That Pay Variable- Percent of All Variable-Rate Percent of All

Plans Rate Premium Plans Participants Premium Participants

12,308 --- 46.7% 15,477,096 --- 46.3%

14,069 100.0% 53.3% 17,969,433 100.0% 53.7%

$0.01 - $9.99 1,347 9.6% 5.1% 2,004,572 11.2% 6.0%

$10.00 - $19.99 2,864 20.4% 10.9% 1,740,974 9.7% 5.2%

$20.00 - $29.99 2,068 14.7% 7.8% 2,124,155 11.8% 6.4%

$30.00 - $39.99 1,507 10.7% 5.7% 1,800,997 10.0% 5.4%

$40.00 - $49.99 1,138 8.1% 4.3% 1,636,853 9.1% 4.9%

$50.00 - $59.99 913 6.5% 3.5% 1,365,249 7.6% 4.1%

$60.00 - $69.99 736 5.2% 2.8% 1,453,950 8.1% 4.3%

$70.00 - $79.99 580 4.1% 2.2% 649,015 3.6% 1.9%

$80.00 - $89.99 490 3.5% 1.9% 955,859 5.3% 2.9%

$90.00 - $99.99 386 2.7% 1.5% 931,474 5.2% 2.8%

$100.00 - $149.99 1,137 8.1% 4.3% 2,053,581 11.4% 6.1%

$150.00 - $199.99 392 2.8% 1.5% 613,083 3.4% 1.8%

$200.00 - $249.99 180 1.3% 0.7% 311,435 1.7% 0.9%

$250.00 - $299.99 119 0.8% 0.5% 100,855 0.6% 0.3%

$300.00 or more 212 1.5% 0.8% 227,381 1.3% 0.7%

26,377 --- 100.0% 33,446,529 --- 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 (2010)

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%

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. 

6.69%

6.72% 7.12% 6.36%

4.94%

4.73%

4.86%

5.75%

Second Third

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

4.85%

5.95%

5.00%

6.30%

2.35% 5.65%

5.48%

5.24%

5.09%

4.30%

5.40%

4.93% 6.13%

4.67%

6.45%

Interest Rate**

Table S-43

PBGC-Insured Plans and Participants by Variable-Rate Premium Status (1992-2010)*

Single-Employer Program

Variable-Rate

Premium

First 

4.92%

6.16%
Table S-44

Funding of PBGC-Insured Plans (1980-2010) 

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%

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. Estimates for 2009 reported last year have been updated. 

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 (1980-2010) 

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%

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. Estimates for 2009 reported last year have been updated. 

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 (1980-2010)

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%

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. Estimates for 2009 reported last year have been updated. 

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 (1990-2010)

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%

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. Estimates for 2009 reported last year have been updated. 

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 (2010)

Single-Employer Program

Plans Underfunding Overfunding

(in millions) (in millions)

Less Than 40% 279 1.1% 132 0.4% $12,510 0.6% $8,178 1.8% --- ---

40% - 49% 481 1.8% 235 0.7% 19,790 0.9% 10,915 2.4% --- ---

50% - 59% 1,674 6.3% 2,040 6.1% 97,869 4.4% 42,094 9.4% --- ---

60% - 69% 4,709 17.9% 5,953 17.8% 350,947 15.9% 120,994 27.0% --- ---

70% - 79% 5,804 22.0% 9,440 28.2% 623,450 28.3% 154,813 34.5% --- ---

80% - 89% 5,386 20.4% 7,522 22.5% 595,120 27.0% 93,271 20.8% --- ---

90% - 99% 2,723 10.3% 3,189 9.5% 325,752 14.8% 18,689 4.2% --- ---

100% - 109% 2,164 8.2% 1,615 4.8% 98,120 4.5% --- --- $3,982 13.9%

110% - 119% 773 2.9% 749 2.2% 34,211 1.6% --- --- 4,213 14.7%

120% - 129% 439 1.7% 188 0.6% 18,324 0.8% --- --- 4,582 16.0%

130% - 139% 283 1.1% 231 0.7% 17,482 0.8% --- --- 6,337 22.1%

140% - 149% 194 0.7% 46 0.1% 3,499 0.2% --- --- 1,480 5.2%

150% or more 1,468 5.6% 2,107 6.3% 7,516 0.3% --- --- 8,042 28.1%

TOTAL 26,377 100.0% 33,447 100.0% $2,204,591 100.0% $448,954 100.0% $28,637 100.0%

UNDERFUNDED 21,056 79.8% 28,510 85.2% $2,025,439 91.9% $448,954 100.0% --- ---

OVERFUNDED 5,321 20.2% 4,936 14.8% $179,152 8.1% --- --- $28,637 100.0%

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.

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)
Beginning

of

Year

1992 $47.53 $31.67 --- $12.36 $74.0

1993 59.62 31.67 --- 13.06 84.2

1994 75.57 34.11 --- 18.23 109.3

1995 37.28 27.89 --- 14.56 61.7

1996 83.07 60.67 $38.10 22.47 94.5

1997 47.91 46.78 28.70 20.73 99.6

1998 49.24 36.00 25.20 15.38 87.8

1999 54.24 32.33 34.90 17.50 104.7

2000 6.57 16.22 7.37 3.79 22.8

2001 38.56 16.33 19.46 9.54 39.4

2002 142.57 14.78 95.57 34.10 163.9

2003 299.00 33.44 273.37 83.92 419.7

2004 321.83 89.33 283.34 95.67 452.1

2005 282.95 87.44 289.64 108.04 431.8

2006 185.88 61.11 212.50 73.30 313.8

2007 114.65 39.78 104.18 65.67 225.1

2008 84.93 26.78 58.03 46.73 150.0

2009 414.16 77.33 84.85 167.86 478.9

2010 448.95 115.90 146.85 169.74 514.1

2011 --- 103.22 167.18 227.12 ---

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 asa 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.

(in billions) (in billions) (in billions) (in billions) (in billions)

Filings Premium Filings Possible Plans

Form Variable- Section Total in

5500 Rate 4010 Reasonably PBGC-Insured

Table S-49

Various Measures of Underfunding in PBGC-Insured Plans (1992-2011)

Single-Employer Program

(A) (B) (C) (D) (E)
Table S-50

Funding of PBGC-Insured Plans by Industry (2010)

Single-Employer Program

 Average

Funding Ratio

AGRICULTURE, MINING, AND CONSTRUCTION 77% $28,198 1.3% $6,769 1.5% $240 0.8%

MANUFACTURING 82% 1,099,388 49.9% 210,966 47.0% 10,205 35.6%

Chemical and Allied Products 81% 144,522 6.6% 29,868 6.7% 2,375 8.3%

Computer and Electronic Products 81% 95,787 4.3% 18,675 4.2% 79 0.3%

Electrical Equipment 73% 28,134 1.3% 7,816 1.7% 124 0.4%

Fabricated Metal Products 85% 71,268 3.2% 11,701 2.6% 681 2.4%

Food and Tobacco Products 86% 80,274 3.6% 15,731 3.5% 4,246 14.8%

Machinery Manufacturing 85% 207,724 9.4% 31,935 7.1% 88 0.3%

Motor Vehicle Equipment 80% 30,919 1.4% 7,051 1.6% 938 3.3%

Paper Manufacturing 84% 49,393 2.2% 8,333 1.9% 219 0.8%

Petroleum and Coal Products 73% 37,305 1.7% 10,107 2.3% 64 0.2%

Primary Metals 81% 58,623 2.7% 11,316 2.5% 423 1.5%

Other Manufacturing 81% 295,439 13.4% 58,433 13.0% 968 3.4%

TRANSPORTATION AND PUBLIC UTILITIES 74% 241,573 11.0% 64,650 14.4% 1,343 4.7%

Air Transportation 58% 56,776 2.6% 23,771 5.3% 25 0.1%

Other Transportation 80% 36,958 1.7% 7,410 1.7% 78 0.3%

Public Utilities 78% 147,839 6.7% 33,470 7.5% 1,240 4.3%

INFORMATION 81% 161,848 7.3% 35,538 7.9% 4,300 15.0%

WHOLESALE TRADE 78% 35,908 1.6% 8,082 1.8% 250 0.9%

RETAIL TRADE 76% 41,346 1.9% 10,955 2.4% 848 3.0%

FINANCE, INSURANCE, AND REAL ESTATE 89% 247,709 11.2% 36,777 8.2% 8,517 29.7%

SERVICES 79% 331,320 15.0% 71,009 15.8% 2,791 9.7%

Health Care 72% 123,704 5.6% 35,337 7.9% 407 1.4%

Other Services 84% 207,617 9.4% 35,672 7.9% 2,385 8.3%

NON-PROFIT ORGANIZATIONS 76% 17,300 0.8% 4,209 0.9% 142 0.5%

TOTAL 81% $2,204,591 100.0% $448,954 100.0% $28,637 100.0%

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 (2010)

Single-Employer Program

OVERFUNDED UNDERFUNDED

Assets Liabilities* Assets Liabilities* Assets Liabilities*

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

NEW ENGLAND $19,817 $18,963 $854 $161,258 $202,567 $41,309 $181,075 $221,530

Connecticut 1,243 1,030 213 101,883 124,208 22,325 103,126 125,239

Maine 95 48 47 2,970 4,003 1,033 3,064 4,051

Massachusetts 1,693 1,438 255 47,101 61,635 14,534 48,794 63,073

New Hampshire 33 27 6 1,874 2,624 750 1,907 2,651

Rhode Island 16,696 16,372 323 6,654 9,027 2,373 23,350 25,400

Vermont 56 47 9 776 1,069 293 832 1,116

MID-ATLANTIC 88,131 70,922 17,208 454,082 584,306 130,224 542,213 655,228

Delaware 28 17 11 17,862 22,545 4,683 17,889 22,562

 District of Columbia 2,117 1,617 500 11,226 14,737 3,511 13,342 16,354

Maryland 1,337 1,079 258 33,905 47,003 13,098 35,242 48,082

New Jersey 43,756 32,395 11,361 121,478 152,303 30,826 165,234 184,698

New York 31,478 28,548 2,929 150,519 187,037 36,518 181,997 215,585

Pennsylvania 2,606 2,165 442 81,462 108,450 26,988 84,069 110,615

Virginia 6,624 4,949 1,676 36,590 50,691 14,101 43,214 55,640

West Virginia 185 152 33 1,042 1,541 499 1,227 1,693

SOUTHEAST 15,226 12,502 2,725 156,875 218,444 61,569 172,101 230,946

Alabama 610 521 89 4,562 5,910 1,348 5,172 6,432

Arkansas 79 60 19 1,997 2,669 672 2,076 2,729

Florida 3,720 2,713 1,007 13,471 18,572 5,101 17,191 21,286

Georgia 2,760 2,615 144 54,457 79,759 25,302 57,217 82,374

Kentucky 215 187 29 7,240 9,926 2,685 7,456 10,112

Louisiana 168 136 32 4,811 6,929 2,118 4,979 7,064

Mississippi 200 138 62 1,101 1,394 293 1,301 1,532

North Carolina 6,763 5,540 1,223 26,195 35,448 9,253 32,958 40,987

South Carolina 97 67 30 9,164 12,747 3,583 9,261 12,814

Tennessee 615 525 90 33,877 45,090 11,214 34,492 45,616

GREAT LAKES 44,275 40,979 3,297 425,713 539,790 114,077 469,989 580,769

Illinois 28,974 27,403 1,571 88,452 121,003 32,551 117,426 148,406

Indiana 5,644 5,131 513 11,567 15,280 3,713 17,211 20,412

Michigan 1,100 990 110 194,872 234,384 39,512 195,972 235,374

Minnesota 2,230 2,067 163 42,539 50,618 8,079 44,769 52,685

Ohio 5,052 4,371 681 60,865 82,820 21,955 65,917 87,191

Wisconsin 1,275 1,017 259 27,417 35,685 8,268 28,693 36,702

TOTAL

REGION/STATE Overfunding Underfunding

(in millions) (in millions)
Table S-51 (continued)

Pension Funding Data for PBGC-Insured Plans by Region and State (2010)

Single-Employer Program

OVERFUNDED UNDERFUNDED

Assets Liabilities* Assets Liabilities* Assets Liabilities*

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

MIDWEST $5,617 $5,182 $435 $42,438 $57,906 $15,468 $48,055 $63,088

Iowa 246 227 19 9,171 12,333 3,162 9,417 12,560

Kansas 1,209 1,025 184 7,966 11,286 3,320 9,175 12,311

Missouri 3,996 3,814 182 17,107 24,126 7,019 21,104 27,940

Nebraska 147 101 46 7,297 8,931 1,634 7,444 9,032

North Dakota 5 4 2 527 757 231 532 761

South Dakota 13 11 2 370 473 103 383 484

SOUTHWEST 15,185 13,137 2,048 138,012 179,707 41,695 153,196 192,844

Arizona 575 442 134 6,889 9,067 2,178 7,464 9,509

New Mexico 325 248 77 5,234 7,234 2,000 5,559 7,482

Oklahoma 77 55 21 7,480 10,257 2,777 7,556 10,312

Texas 14,208 12,393 1,815 118,409 153,149 34,740 132,617 165,541

ROCKY MOUNTAIN 220 188 33 23,115 30,363 7,248 23,335 30,551

Colorado 65 57 9 12,758 16,751 3,993 12,823 16,807

Idaho 34 27 7 1,848 2,619 771 1,882 2,646

Montana 10 8 2 578 739 161 588 747

Nevada 46 40 7 1,694 2,175 481 1,740 2,214

Utah 56 49 7 6,153 7,968 1,815 6,209 8,017

Wyoming 9 7 2 83 111 28 92 118

PACIFIC 18,974 16,957 2,017 171,791 207,993 36,202 190,764 224,950

Alaska 112 89 23 253 397 144 364 486

California 11,435 10,150 1,285 109,221 134,859 25,637 120,656 145,008

Hawaii 224 205 20 2,482 3,653 1,171 2,706 3,858

Oregon 572 489 84 6,112 8,817 2,705 6,684 9,306

Washington 6,631 6,025 606 53,723 60,267 6,544 60,354 66,292

U.S. TERRITORIES 344 323 21 2,501 3,444 943 2,845 3,767

Puerto Rico 344 323 21 2,404 3,300 896 2,748 3,622

Virgin Islands **   93 139 46 93 139

Other -- -- -- 4 6 1 4 6

FOREIGN COUNTRIES 1 **  1 700 919 219 701 919

TOTAL $207,789 $179,152 $28,637 $1,576,485 $2,025,439 $448,954 $1,784,273 $2,204,591

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.

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)
Table S-52

PBGC Pension Data by Region and State*

Single-Employer Program

CLAIMS COVERAGE BENEFITS PAID

1975-2011 2010 2011

Plans Plans Payees Payments

NEW ENGLAND 464 $1,208,395,300 1,858 1,598,970 34,846 $212,672,327 $509

Connecticut 135 404,086,257 667 484,031 7,481 39,760,844 432

Maine 16 118,453,837 92 100,144 3,067 19,259,540 540

Massachusetts 222 590,933,221 819 634,247 16,111 106,140,296 551

New Hampshire 28 30,314,087 101 196,950 4,646 31,641,556 569

Rhode Island 50 48,850,626 113 86,792 1,797 7,718,553 360

Vermont 13 15,757,271 66 96,806 1,744 8,151,538 394

MID-ATLANTIC 1,403 14,067,087,621 7,992 7,310,533 194,694 1,253,926,046 545

Delaware 11 35,504,230 89 120,173 1,564 10,278,979 550

District of Columbia 18 98,105,440 216 56,748 393 2,308,461 497

Maryland 79 102,634,522 460 634,247 16,769 148,183,357 714

New Jersey 230 452,258,474 1,459 1,121,616 16,729 94,973,053 504

New York 562 4,092,422,050 3,495 2,353,391 46,264 309,122,875 583

Pennsylvania 382 5,046,891,621 1,594 1,932,785 79,322 498,095,554 520

Virginia 62 3,034,947,209 546 864,579 18,698 95,477,816 450

West Virginia 59 1,204,324,074 133 226,994 14,955 95,485,951 525

SOUTHEAST 409 4,440,829,885 3,103 6,692,976 189,710 1,060,092,508 471

Alabama 27 204,793,966 216 420,606 16,339 72,204,183 383

Arkansas 17 23,719,337 116 283,742 3,843 15,415,364 334

Florida 93 405,594,489 836 2,032,929 52,304 388,047,903 622

Georgia 69 2,214,941,703 486 801,154 28,091 170,138,908 510

Kentucky 29 103,103,237 235 537,441 7,700 35,165,464 390

Louisiana 30 93,721,882 190 490,707 5,437 29,003,883 440

Mississippi 13 22,051,171 101 263,713 5,502 35,222,589 564

North Carolina 57 425,574,357 450 837,874 36,592 162,318,790 376

South Carolina 21 169,320,011 170 467,340 16,039 67,298,827 351

Tennessee 53 778,009,731 303 557,470 17,863 85,276,597 405

GREAT LAKES 1,309 22,885,385,801 5,226 7,030,128 218,745 1,682,559,558 667

Illinois 309 9,186,028,161 1,529 1,592,294 40,168 311,078,275 641

Indiana 117 1,438,981,395 421 1,014,795 31,284 297,575,970 816

Michigan 353 7,548,657,702 915 1,468,783 45,501 382,600,853 765

Minnesota 48 210,080,112 439 634,247 8,876 57,216,364 538

Ohio 389 4,127,890,739 1,416 1,618,999 80,581 558,912,768 604

Wisconsin 93 373,747,693 506 701,010 12,335 75,175,328 527

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

1975-2011 2010 2011

Plans Plans Payees Payments

MIDWEST 151 $445,539,647 993 1,692,439 25,126 $126,925,917 $422

Iowa 47 103,625,068 271 323,800 6,410 19,499,089 250

Kansas 25 44,246,580 159 270,390 2,958 18,128,577 517

Missouri 71 289,902,390 368 747,744 13,745 78,365,805 475

Nebraska 4 7,328,457 130 273,728 1,392 6,589,093 406

North Dakota 3 212,127 34 23,367 113 580,585 388

South Dakota 1 225,025 31 53,410 508 3,762,768 689

SOUTHWEST 191 714,734,102 1,959 2,900,846 35,186 248,716,671 583

Arizona 31 22,311,037 450 657,614 9,035 75,508,326 699

New Mexico 7 10,380,110 105 96,806 1,519 10,090,123 543

Oklahoma 24 414,196,986 158 317,124 3,711 19,238,550 425

Texas 129 267,845,969 1,246 1,829,302 20,921 143,879,672 565

ROCKY MOUNTAIN 50 249,481,296 709 1,351,948 18,955 194,065,621 846

Colorado 20 203,590,022 308 564,146 9,346 105,789,734 942

Idaho 7 12,709,942 66 90,130 1,891 14,104,145 604

Montana 4 2,288,314 43 53,410 600 5,627,228 764

Nevada 9 949,210 147 340,491 4,320 44,967,499 870

Utah 9 29,852,921 122 260,375 2,437 19,943,795 658

Wyoming 1 90,887 23 43,396 361 3,633,220 805

PACIFIC 297 1,634,794,935 4,413 4,800,251 57,539 536,793,680 770

Alaska 6 50,784,879 23 50,073 578 4,138,591 581

California 219 1,071,402,233 3,691 3,505,050 39,161 353,590,630 744

Hawaii 24 131,037,529 191 90,130 4,106 40,570,550 841

Oregon 23 76,876,516 206 440,635 3,528 29,328,764 691

Washington 25 304,693,778 302 714,363 10,166 109,165,145 876

PUERTO RICO 16 24,364,032 76 62,607 3,413 9,899,469 250

U.S. TERRITORIES --- --- 11 2,493 162 755,395 384

FOREIGN COUNTRIES 2 860,974 37 3,338 2,306 13,884,517 504

TOTAL 4,292 $45,671,473,593 26,377 33,446,529 780,682 $5,340,291,709 $579

Sources: PBGC Fiscal Year Closing File (9/30/11), Retirement Expectations and Pension Plan Coverage Topic Module (Wave 7) of the 2004 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

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 (1990-2012)

Single-Employer Program

Maximum Monthly Maximum Annual
Table M-1

Net Financial Position of PBGC's Multiemployer Program (1980-2011)

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

Source: PBGC Annual Reports (1980-2011).

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

Source: PBGC Annual Reports (1980-2011).

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.

1985

1990

1995

Table M-2

PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2011)

Multiemployer Program

1980

 2009**

1996

1997

1998

1999

2000

2011

2001

2002

2003

2010

2004

2005

2006

2007

2008
Table M-3

PBGC Payees and Benefit Payments (1980-2011)

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

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.

PERIODIC PENSION PAYMENTS

 Payees in Year* Total

(in millions)

1980

2001

1999

2000

2002

1985

1990

1995

1996

1997

1998

2009

2011

2003

2004

2005

2006

2007

2008

2010
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 ---

TOTAL (7) 68 $693,119.3 32 $140,423.6 58 $552,695.7 $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.

 Plans Total Plans Plans 

2011

Table M-4

PBGC Financial Assistance to Insolvent Plans (1981-2011)

Multiemployer Program

Lump-Sum Lump-Sum Periodic 

Receiving Amount of Receiving a Amount of Receiving 

(in thousands)

Assistance Assistance

Periodic

Payment Payment Payments Payments

Financial Financial

Amount of Repayments of

Past Financial

Assistance

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

1981

1985

1997

1998

2006

2007

2008

2003

2004

1999

2009

2010

2005

1990

1995

1996

2000

2001

2002
Table M-5

PBGC-Insured Plan Participants (1980-2011)

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 10,271 7,867 838 681 597 202 63 22

Source: PBGC Premium Filings.

2011 figures are estimates from PBGC internal calculations. 2010 estimates reported last year have been updated to reflect actual premium filings. 

Due to rounding of individual items, numbers may not add up to totals.
Table M-6

PBGC-Insured Plans (1980-2011)

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 1,454 172 118 193 363 276 169 163

Source: PBGC Premium Filings.

2011 figures are estimates from PBGC internal calculations. 2010 estimates reported last year have been updated to reflect actual premium filings. 
Table M-7

PBGC-Insured Plan Participants by Participant Status (1980-2010)

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 39.3% 33.0% 27.7%

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%.

2009 and 2010 figures are estimates from PBGC internal calculations. Estimates for 2009 reported last year have been updated. 
AGRICULTURE 9 0.6% 15,646 0.2%

MINING 9 0.6% 143,632 1.4%

CONSTRUCTION 817 55.4% 3,902,447 37.5%

Building Construction 86 5.8% 720,433 6.9%

Heavy Construction 83 5.6% 602,208 5.8%

Plumbing, Heating, and Air Conditioning 160 10.8% 405,390 3.9%

Electrical Work 123 8.3% 803,455 7.7%

Building Finishing Contractors 83 5.6% 480,474 4.6%

Foundation, Structure, and Exterior Work 185 12.5% 534,469 5.1%

Other Construction 97 6.6% 356,018 3.4%

MANUFACTURING 172 11.7% 1,181,214 11.3%

Food and Tobacco Products 30 2.0% 194,721 1.9%

Apparel and Textile Products 8 0.5% 5,719 0.1%

Paper and Allied Products 5 0.3% 87,829 0.8%

Printing and Publishing 27 1.8% 170,496 1.6%

Machinery and Computer Equipment 6 0.4% 280,255 2.7%

Electrical and Electronic Equipment 8 0.5% 31,989 0.3%

Other Manufacturing 88 6.0% 410,205 3.9%

TRANSPORTATION AND PUBLIC UTILITIES 145 9.8% 1,591,243 15.3%

Trucking 69 4.7% 1,414,634 13.6%

Water Transportation 44 3.0% 113,248 1.1%

Other Transportation and Public Utilities 32 2.2% 63,361 0.6%

INFORMATION 28 1.9% 184,237 1.8%

WHOLESALE TRADE 36 2.4% 81,674 0.8%

RETAIL TRADE 87 5.9% 1,446,911 13.9%

SERVICES 172 11.7% 1,866,207 17.9%

Administrative/Support 43 2.9% 336,041 3.2%

Health Care/Social Assistance 17 1.2% 454,706 4.4%

Accommodation/Food Service 26 1.8% 689,509 6.6%

Other Services 86 5.8% 385,951 3.7%

TOTAL 1,475 100.0% 10,413,211 100.0%

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 (2010)

Multiemployer Program

Industry Insured Plans Insured Participants
Table M-9

Funding of PBGC-Insured Plans (1980-2010) 

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%

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. 

Estimates for 2009 reported last year have been updated. 

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 (1980-2010) 

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%

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. Estimates for 2009 reported last year have been updated. 

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 (1980-2010) 

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%

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. Estimates for 2009 reported last year have been updated. 

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 (1990-2010)

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%

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. Estimates for 2009 reported last year have been updated.

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 (2010)

Multiemployer Program

Funding Ratio Participants Total Liabilities* Underfunding Overfunding

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

Less Than 40% 228 15.5% 1,871 18.0% $172,327 22.8% $110,274 28.2% --- ---

40% - 49% 415 28.1% 4,444 42.7% 306,596 ############ 167,678 42.9% --- ---

50% - 59% 469 31.8% 2,557 24.6% 196,080 ############ 87,236 22.3% --- ---

60% - 69% 202 13.7% 1,047 10.1% 59,218 7.8% 21,643 5.5% --- ---

70% - 79% 73 4.9% 260 2.5% 11,446 1.5% 2,894 0.7% --- ---

80% - 89% 33 2.2% 110 1.1% 7,414 1.0% 1,178 0.3% --- ---

90% - 99% 16 1.1% 62 0.6% 2,620 0.3% 123 ** --- ---

100% - 109% 10 0.7% 30 0.3% 857 0.1% --- --- $18 5.1%

110% - 119% 2 0.1% 3 ** 27 ** --- --- 4 1.1%

130% - 139% 6 0.4% 4 ** 59 ** --- --- 19 5.3%

150% or more 21 1.4% 24 0.2% 356 ** --- --- 319 88.5%

TOTAL 1,475 100.0% 10,413 100.0% $756,999 100.0% $391,027 100.0% $360 100.0%

UNDERFUNDED 1,436 97.6% 10,352 99.4% $755,701 99.8% $391,027 100.0% --- ---

OVERFUNDED 39 2.4% 61 0.6% $1,298 0.2% --- --- $360 100.0%

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 65% $538 0.1% $188 *** ** ***

MINING 47 10,190 1.3 5,404 1.4% $2 0.4%

CONSTRUCTION 48 372,328 49.2 193,303 49.4 162 44.8

Building Construction 48 62,704 8.3 32,368 8.3 --- ---

Heavy Construction 49 73,095 9.7 36,997 9.5 6 1.6

Plumbing, Heating, and Air Conditioning 47 46,228 6.1 24,323 6.2 5 1.5

Electrical Work 50 55,012 7.3 27,489 7.0 --- ---

Building Finishing Contractors 51 26,984 3.6 13,306 3.4 3 1.0

Foundation, Structure, and Exterior Work 44 66,288 8.8 37,168 9.5 147 40.4

Other Construction 48 42,016 5,6 21,651 5.5 --- ---

MANUFACTURING 52 51,181 6.8 24,788 6.3 142 39.3

Food and Tobacco Products 48 13,626 1.8 7,204 1.8 81 22.6

Apparel and Textile Products 54 37 *** 17 *** ** 0.1

Paper and Allied Products 44 4,078 0.5 2,275 0.6 --- ---

Printing and Publishing 44 8,172 1.1 4,587 1.2 --- ---

Furniture and Fixtures 35 278 *** 181 *** --- ---

Machinery and Computer Equipment 61 12,725 1.7 4,986 1.3 52 14.5

Electrical and Electronic Equipment 73 265 *** 72 *** --- ---

Other Manufacturing 55 12,000 1.6 5,467 1.4 8 2.1

TRANSPORTATION AND PUBLIC UTILITIES 46 165,120 21.8 88,768 22.7 22 6.0

Trucking 45 145,857 19.3 79,670 20.4 --- ---

Water Transportation 53 14,732 1.9 6,906 1.8 22 6.0

Other Transportation and Public Utilities 52 4,531 0.6 2,192 0.6 --- ---

INFORMATION 46 18,981 2.5 10,213 2.6 2 0.5

WHOLESALE TRADE 57 2,873 0.4 1,231 0.3 4 1.1

RETAIL TRADE 48 58,666 7.7 30,452 7.8 8 2.2

SERVICES 52 77,122 10.2 36,680 9.4 20 5.5

Administration/Support 46 11,260 1.5 6,091 1.6 --- ---

Health Care/Social Assistance 54 21,461 2.8 9,819 2.5 8 2.2

Accommodation/Food Service 50 15,413 2.0 7,711 2.0 2 0.6

Other Services 55 28,989 3.8 13,060 3.3 10 2.8

TOTAL 48% $756,999 100.0% $391,027 100.0% $360 100.0%

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.

Table M-14

Funding of PBGC-Insured Plans by Industry (2010)

Multiemployer Program

Average

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

Industry Funding Ratio Total Liabilities* Underfunding Overfunding
Table M-15

PBGC Maximum Guaranteed Benefits (1980-2012)

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.

Date of Plan Monthly Benefit Formula Maximum Monthly Maximum Annual

Insolvency Guarantee Guarantee

-plus-

 benefit accrual rate

(30 Years of Service)* (30 Years of Service)*

 benefit accrual rate

-plus-

 benefit accrual rate

 benefit accrual rate
Table M-16

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

* Beginning in 2007, this amount is 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 will not decline even if the national

average wage index declines. The adjusted premium rate is rounded to the nearest multiple of $1. 

For Plan Years

Beginning

2006 - 2007 

2008 - 2012