TABLE DATA BOOK LISTING

PBGC 2010 Pension Data at a Glance

PBGC's Single-Employer Program

S-1 Net Financial Position of PBGC's Single-Employer Program (1980-2010)

S-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2010)

S-3 PBGC Terminations and Claims (1975-2010)

S-4 PBGC Claims (1975-2010)

S-5 Top 10 Firms Presenting Claims (1975-2010)

S-6 PBGC Trusteed Terminations by Fiscal Year and Size of Claim (1975-2010)

S-7 PBGC Claims by Fiscal Year and Size of Claim (1975-2010)

S-8 PBGC Trusteed Plans by Fiscal Year and Funded Ratio (1975-2010)

S-9 PBGC Claims by Fiscal Year and Funded Ratio (1975-2010)

S-10 PBGC Trusteed Plans by Size of Claim and Funded Ratio (1975-2010)

S-11 PBGC Claims by Size of Claim and Funded Ratio (1975-2010)

S-12 Average Claim per Vested Participant by Plan Size (1975-2010)

S-13 PBGC Trusteed Plans by Fiscal Year and Plan Size (1975-2010)

S-14 PBGC Claims by Fiscal Year and Plan Size (1975-2010)

S-15 PBGC Trusteed Plans by Size of Claim and Plan Size (1975-2010)

S-16 PBGC Claims by Size of Claim and Plan Size (1975-2010)

S-17 PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2010)

S-18 PBGC Claims by Funded Ratio and Plan Size (1975-2010)

S-19 PBGC Claims by Industry (1975-2010)

S-20 PBGC Benefit Payments, Payees and Deferred Payees (1980-2010)

S-21 PBGC Payees and Benefit Payments by Date of Plan Termination (2010)

S-22 PBGC Payees and Benefit Payments by Size of Trusteed Plan (2010)

S-23 Total PBGC Payees and Average Benefit Payments by Gender and Age (2010)

S-24

PBGC Retired Payees and Average Benefit Payments by Gender and Age 

(2010) 

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

(2010)

S-26 Total PBGC Payees and Benefit Payments by Size of Monthly Payment (2010) 

S-27 PBGC Retired Payees and Benefit Payments by Size of Monthly Payment (2010) 

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

(2010)

S-29 PBGC Payees and Benefit Payments by Industry (2010)

S-30 PBGC-Insured Plan Participants (1980-2010)

S-31 PBGC-Insured Plans (1980-2010)

S-32 PBGC-Insured Plan Participants by Participant Status (1980-2009)

S-33 PBGC-Insured Active Participants as a Percent of Private-Sector Wage and 

Salary Workers (1980-2009)

S-34 PBGC-Insured Hybrid Plans by Plan Size (2001-2009)

S-35 PBGC-Insured Hybrid Plan Participants by Plan Size (2001-2009)

S-36 PBGC-Insured Hard-Frozen Plans by Plan Size (2003-2009)

S-37 PBGC-Insured Hard-Frozen Plan Participants by Plan Size (2003-2009)

S-38 PBGC-Insured Plans, Participants and Premiums by Industry (2009)

S-39 PBGC's Historic Premium Rates

S-40 PBGC Premium Revenue (1980-2010)

S-41 PBGC Premium Revenue by Size of Plan and Type of Premium (2009)

S-42 PBGC-Insured Plans and Participants by Total Premium Paid (2009)

S-43

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

2009) 

S-44 Funding of PBGC-Insured Plans (1980-2009)
S-45 Funding of Underfunded PBGC-Insured Plans (1980-2009)

S-46 Funding of Overfunded PBGC-Insured Plans (1980-2009)

S-47 Concentration of Underfunding in PBGC-Insured Plans (1990-2009)

S-48

Plans, Participants and Funding of PBGC-Insured Plans by Funding Ratio 

(2009) 

S-49 Various Measures of Underfunding in PBGC-Insured Plans (1992-2010)

S-50 Funding of PBGC-Insured Plans by Industry (2009)

S-51 Pension Funding Data for PBGC-Insured Plans by Region and State (2009)

S-52 PBGC Pension Data by Region and State

S-53 PBGC Maximum Guaranteed Benefits (1990-2011)

PBGC's Multiemployer Program

M-1 Net Financial Position of PBGC's Multiemployer Program (1980-2010)

M-2 PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2010)

M-3 PBGC Payees and Benefit Payments (1980-2010)

M-4 PBGC Financial Assistance to Insolvent Plans (1981-2010)

M-5 PBGC-Insured Plan Participants (1980-2010)

M-6 PBGC-Insured Plans (1980-2010)

M-7 PBGC-Insured Plan Participants by Participant Status (1980-2009)

M-8 PBGC-Insured Plans and Participants by Industry (2009)

M-9 Funding of PBGC-Insured Plans (1980-2009)

M-10 Funding of Underfunded PBGC-Insured Plans (1980-2009)

M-11 Funding of Overfunded PBGC-Insured Plans (1980-2009)

M-12 Concentration of Underfunding in PBGC-Insured Plans (1990-2009)

M-13

Plans, Participants, and Funding of PBGC-Insured Plans by Funding Ratio 

(2009) 

M-14 Funding of PBGC-Insured Plans by Industry (2009)

M-15 PBGC Maximum Guaranteed Benefits (1980-2011)

M-16 PBGC's Historic Premium Rates
PBGC DATA BOOK AT A GLANCE

 Fiscal Year 2010:

Net Financial Position -$21,594 -$1,436 -$23,030

 Total Assets $77,827 $1,628 $79,455

 Total Liabilities $99,421 $3,064 $102,485

Premium Revenue* $2,231 $93 $2,324

Number of Insured Plans 26,124 1,460 27,584

Number of Insured Participants 33.8 million 10.4 million 44.2 million

New Plans Trusteed or Pending Trusteeship 147 n/a 147

Change in Gross Claims $1,722 n/a $1,722

Number of Payees** 758,391 110 758,501

Total Benefits Paid $5,467 *** $5,467

Number of Plans Receiving Financial Assistance n/a 50 50

Amount of Financial Assistance Granted n/a $97 $97

 Fiscal Years 1975-2010:

Plans Trusteed or Pending Trusteeship 4,140 10 4,150

Amount of Claims $44,640 $31 $44,671

Number of Plans Receiving Financial Assistance n/a 63 63

Total Amount of Financial Assistance Granted n/a $600 $600

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

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

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

 lump-sum benefit payment from PBGC during FY 2010.

***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)

Single-Employer Multiemployer Combined

Program Program Programs
Table S-1

Net Financial Position of PBGC's Single-Employer Program (1980-2010)

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 67,583 88,660 -21,077

2010 77,827 99,421 -21,594

Source: PBGC Annual Reports (1980-2010).

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

Data for 2009 were revised.
Table S-2

PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2010) 

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

Source: PBGC Annual Reports (1980-2010).

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

Data for 2009 were revised.

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

Terminations Terminations

1975-1979 28,572 586 $145.2 $397.4 $252.2 $56.4 $195.8

1980-1984 29,236 622 513.7 1,257.3 743.7 157.8 585.8

1985-1989 48,519 537 649.7 2,351.4 1,701.7 160.7 1,541.0

1990-1994 36,340 694 2,274.8 5,116.8 2,842.0 446.8 2,395.1

1995-1999 15,620 443 1,413.3 2,196.0 782.6 74.3 708.3

2000 1,882 73 266.3 367.2 100.9 15.3 85.6

2001 1,565 117 2,535.5 3,686.1 1,150.7 184.9 965.7

2002 1,214 185 4,515.0 8,303.9 3,788.8 283.1 3,505.7

2003 1,119 167 6,945.3 13,397.3 6,452.0 190.6 6,261.4

2004 1,189 164 2,848.0 6,115.1 3,267.1 526.8 2,740.3

2005 1,266 126 10,239.9 21,541.7 11,301.8 1,794.7 9,507.1

2006 1,248 84 2,346.3 4,580.9 2,234.6 1,315.7 918.9

2007 1,582 74 629.3 972.7 343.4 26.4 317.0

2008 1,590 74 520.6 813.2 292.6 26.6 266.0

2009 1,230 149 9,888.3 18,453.0 8,564.7 720.7 7,844.0

2010 1,441 45 937.3 1,758.6 821.3 4.7 816.6

TOTAL 173,613 4,140 $46,668.5 $91,308.6 $44,640.1 $5,985.5 $38,654.3

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 147 underfunded terminated plans during FY 2010, but only 45 of these plans had termination dates during FY 2010.

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

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

(in millions)

Assets Liabilities Claims Recoveries

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

Year Claims

Table S-3

PBGC Terminations and Claims (1975-2010)

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 168,385,827 --- --- 168,385,827 100.0%

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% 482,274,390 41.9%

2002 3,788,841,637 2,081,361,846 54.9% 1,707,479,791 45.1%

2003 6,451,981,046 5,534,400,376 85.8% 917,580,670 14.2%

2004 3,267,083,151 692,584,383 21.2% 2,574,498,768 78.8%

2005 11,301,845,126 9,544,132,211 84.4% 1,757,712,915 15.6%

2006 2,234,607,532 1,720,156,504 77.0% 514,451,028 23.0%

2007 343,395,175 --- --- 343,395,175 100.0%

2008 292,558,608 --- --- 292,558,608 100.0%

2009 8,564,713,880 6,379,801,122 74.5% 2,184,912,758 25.5%

2010 821,272,389 --- --- 821,272,389 100.0%

TOTAL (1975-2010) $44,640,031,122 $27,461,895,981 61.5% $17,178,135,141 38.5%

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

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 $7,347,077,848 123,957 $59,271 16.5%

2. Delphi 6 2009 6,379,801,122 69,042 92,405 14.3%

3. Bethlehem Steel 1 2003 3,702,771,654 91,312 40,551 8.3%

4. US Airways 4 2003, 2005 2,751,534,173 55,770 49,337 6.2%

5. LTV Steel* 6 2002, 2003, 2004 2,134,985,884 83,094 25,694 4.8%

6. Delta Air Lines 1 2006 1,720,156,504 13,291 129,423 3.9%

7. National Steel 7 2003 1,275,628,286 33,737 37,811 2.9%

8. Pan American Air 3 1991, 1992 841,082,434 31,999 26,285 1.9%

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 $27,461,895,981 543,875 $50,493 61.5%

All Other Total 4,105 17,178,135,141 1,353,378 12,693 38.5%

TOTAL 4,140 $44,640,031,122 1,897,253 $23,704 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/10), 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) (1975-2010)

Table S-5

Top 10 Firms Presenting Claims (1975-2010) 

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 309 118 16 --- --- 443

2000-2004 352 245 83 23 2 705

2005-2009 184 234 72 11 7 508

2010 14 17 13 1 --- 45

TOTAL 2,927 919 239 46 9 4,140

Percent of Total 72.0% 21.3% 5.5% 1.1% 0.2% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

Single-Employer Program
1975-1979 $62,193,310 $89,626,004 $100,386,836 --- --- $252,206,150 0.6%

1980-1984 79,647,495 193,552,903 470,455,492 --- --- 743,655,890 1.7%

1985-1989 75,869,416 218,541,696 424,362,733 $982,945,159 --- 1,701,719,003 3.8%

1990-1994 125,685,495 449,076,658 447,349,949 1,819,857,864 --- 2,841,969,967 6.4%

1995-1999 94,274,355 307,763,071 380,579,909 --- --- 782,617,335 1.8%

2000-2004 115,928,418 806,461,414 2,444,016,147 5,881,406,167 $5,396,777,175 14,644,589,320 32.8%

2005-2009 77,654,700 765,755,160 2,208,314,480 4,413,705,188 15,386,571,540 22,852,001,068 51.2%

2010 7,156,839 53,644,573 506,894,248 253,576,730 --- 821,272,389 1.8%

TOTAL $638,410,027 $2,884,421,479 $6,982,359,794 $13,351,491,108 $20,783,348,715 $44,640,031,123 100.0%

Percent of Total 1.4% 6.5% 15.6% 29.9% 46.6% 100.0%

 

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

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 85 443

2000-2004 118 197 247 144 706

2005-2009 96 156 193 62 507

2010 8 17 17 3 45

TOTAL 1,083 1,019 1,167 871 4,140

Percent of Total 26.2% 24.6% 28.2% 21.0% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

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 103,144,593 184,382,060 339,689,576 155,401,106 782,617,335

2000-2004 714,098,774 7,632,573,835 6,227,295,812 185,501,647 14,759,470,067

2005-2009 258,017,684 16,171,463,213 6,061,947,616 245,691,807 22,737,120,321

2010 14,404,266 297,541,205 508,220,606 1,106,312 821,272,389

TOTAL $4,105,101,684 $25,652,271,805 $14,187,099,021 $695,558,614 $44,640,031,122

Percent of Total 9.2% 57.5% 31.8% 1.6% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

Single-Employer Program

Fiscal FUNDED RATIO

Year Less Than 25% 25%-49% 50%-74% 75% or More
Less Than 25% 830 206 38 9 --- 1,083

25% - 49% 603 299 93 18 6 1,019

50% - 74% 711 339 95 19 3 1,167

75% or more 783 75 13 --- --- 871

 TOTAL 2,927 919 239 46 9 4,140

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion
 Less Than 25% $212,431,503 $578,614,180 $1,016,677,803 $2,297,378,198 --- $4,105,101,684 9.2%

 25% - 49% 166,231,052 1,013,697,023 2,951,181,080 5,707,197,353 $15,813,965,297 25,652,271,805 57.5%

 50% - 74% 183,183,413 1,080,161,255 2,607,455,378 5,346,915,557 4,969,383,418 14,187,099,020 31.8%

 75% or more 76,564,059 211,949,021 407,045,533 --- --- 695,558,614 1.6%

 TOTAL $638,410,027 $2,884,421,479 $6,227,258,409 $13,351,491,108 $20,783,348,715 $44,640,031,122 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion
Average 

Number of Plan Vested Claim Per 

Participants Participants Plans Claims Claims Participant

(2010 Dollars) (2010 Dollars)

Fewer Than 100 87,692 2,561 $687,744,740 1.5% $7,843 $1,044,376,381 1.9% $11,910

100-999 402,664 1,309 4,034,557,706 9.0% 10,020 5,703,777,542 10.5% 14,165

1,000-4,999 398,433 204 6,592,815,504 14.8% 16,547 8,918,874,737 16.4% 22,385

5,000-9,999 231,993 32 5,080,341,008 11.4% 21,899 6,494,375,012 11.9% 27,994

10,000 or more 776,471 34 28,244,572,164 63.3% 36,376 32,249,966,559 59.3% 41,534

TOTAL 1,897,253 4,140 $44,640,031,122 100.0% $23,529 $54,411,370,231 100.0% $28,679

 

Sources: PBGC Fiscal Year Closing File (9/30/10), 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 1975-2010.

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

Claims in 2010 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 (1975-2010)

Single-Employer Program

Average 

Claim Per 
Fiscal Year

1975-1979 275 198 104 9 --- --- 586 14.2%

1980-1984 225 232 146 19 --- --- 622 15.0%

1985-1989 178 205 136 13 4 1 537 13.0%

1990-1994 170 259 243 18 1 3 694 16.8%

1995-1999 110 155 150 24 4 --- 443 10.7%

2000-2004 119 193 307 59 16 12 706 17.1%

2005-2009 83 142 203 56 5 18 507 12.2%

2010 6 11 20 6 2 --- 45 1.1%

TOTAL 1,166 1,395 1,309 204 32 34 4,140 100.0%

Percent of Total 28.2% 33.7% 31.6% 4.9% 0.8% 0.8% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

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 1.7%

1985-1989 10,395,184 48,393,525 305,384,721 354,600,414 $738,503,991 $244,441,168 1,701,719,004 3.8%

1990-1994 18,144,608 80,295,376 565,528,731 870,001,122 62,798,864 1,245,201,265 2,841,969,966 6.4%

1995-1999 16,544,894 63,363,953 317,889,581 253,389,484 131,429,424 --- 782,617,336 1.8%

2000-2004 24,004,406 131,786,140 1,295,336,386 2,673,595,555 3,227,539,231 7,407,208,349 14,759,470,067 33.1%

2005-2009 41,479,764 137,738,051 1,011,059,973 1,585,805,749 613,315,401 19,347,721,382 22,737,120,320 50.9%

2010 2,698,083 17,704,327 175,210,444 318,905,438 306,754,097 --- 821,272,389 1.8%

TOTAL $138,424,029 $549,320,711 $4,034,557,706 $6,592,815,504 $5,080,341,008 $28,244,572,164 $44,640,031,122 100.0%

Percent of Total 0.3% 1.2% 9.0% 14.8% 11.4% 63.3% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

Single-Employer Program
Number of Plan

Participants

Fewer Than 25 1,152 14 --- --- --- 1,166

25-99 1,250 145 --- --- --- 1,395

100-999 516 706 87 --- --- 1,309

1,000-4,999 8 53 131 12 --- 204

5,000-9,999 --- 1 15 16 --- 32

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

TOTAL 2,927 919 239 46 9 4,140

Sources: PBGC Fiscal Year Closing File (9/30/10) and PBGC Case Management System.

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

Total

Table S-15

PBGC Trusteed Plans by Size of Claim and Plan Size (1975-2010)

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion

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

Participants

Fewer Than 25 $115,858,406 $22,565,623 --- --- --- $138,424,029

25-99 305,888,066 243,432,645 --- --- --- 549,320,711

100-999 211,534,641 2,351,273,693 $1,471,749,372 --- --- 4,034,557,706

1,000-4,999 4,499,065 260,728,681 4,412,814,992 $1,914,772,766 --- 6,592,815,503

5,000-9,999 --- 6,420,836 748,166,706 4,325,753,466 --- 5,080,341,008

10,000 or more 629,850 --- 349,628,724 7,110,964,876 $20,783,348,715 28,244,572,164

TOTAL $638,410,028 $2,884,421,479 $6,982,359,794 $13,351,491,108 $20,783,348,715 $44,640,031,122

Percent of Total 1.4% 6.5% 15.6% 29.9% 46.6% 100.0%

Sources: PBGC Fiscal Year Closing File (9/30/10) and PBGC Case Management System.

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

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

Total

Table S-16

PBGC Claims by Size of Claim and Plan Size (1975-2010)

Single-Employer Program

SIZE OF CLAIM

Less Than $1 Billion

$1 Million $1 - $9 Million $10 - $99 Million $100 - $999 Million or More
Fewer Than 25 434 233 205 294 1,166

25-99 385 342 377 291 1,395

100-999 229 352 483 245 1,309

1,000-4,999 31 67 74 32 204

5,000-9,999 3 12 12 5 32

10,000 or more 1 13 16 4 34

TOTAL 1,083 1,019 1,167 871 4,140

Sources: PBGC Fiscal Year Closing File (9/30/10) and PBGC Case Management System.

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

 50%-74% 75% or More Total

Table S-17

PBGC Trusteed Plans by Funded Ratio and Plan Size (1975-2010)

Single-Employer Program

Number of Plan FUNDED RATIO

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

Participants

Fewer Than 25 $76,096,633 $39,802,454 $18,317,408 $4,207,534 $138,424,029

25-99 215,064,171 176,358,660 136,405,981 21,491,899 549,320,711

100-999 775,404,949 1,474,610,376 1,601,148,103 183,394,278 4,034,557,706

1,000-4,999 1,674,972,701 2,600,721,114 2,150,520,706 166,600,983 6,592,815,504

5,000-9,999 584,025,842 2,637,538,765 1,664,932,172 193,844,230 5,080,341,009

10,000 or more 779,537,388 18,723,240,436 8,615,774,651 126,019,688 28,244,572,163

TOTAL $4,105,101,684 $25,652,271,805 $14,187,099,020 $695,558,614 $44,640,031,122

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1975-2010)

Single-Employer Program

FUNDED RATIO

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

PBGC Claims by Industry (1975-2010)

Single-Employer Program

Vested 

Industry Total Claims Plans Participants

AGRICULTURE, MINING, AND CONSTRUCTION $623,320,160 1.4% 225 49,639

MANUFACTURING 26,202,229,821 58.7% 2,568 1,151,734

Apparel and Textile Mill Products 1,163,520,916 2.6% 191 162,889

Fabricated Metal Products 1,584,351,791 3.5% 599 114,387

Food and Tobacco Products 317,785,792 0.7% 172 39,696

Machinery Manufacturing 1,190,517,818 2.7% 272 91,145

Motor Vehicle Equipment 6,962,032,105 15.6% 115 127,876

Primary Metals 11,977,857,105 26.8% 337 395,807

Rubber and Miscellaneous Plastics 487,822,741 1.1% 119 34,753

Other Manufacturing 2,518,341,553 5.6% 763 185,181

TRANSPORTATION AND PUBLIC UTILITIES 14,464,701,702 32.4% 191 341,161

Air Transportation 14,083,784,558 31.5% 42 310,259

Other Transportation and Utilities 380,917,144 0.9% 149 30,902

INFORMATION 116,768,008 0.3% 54 9,402

WHOLESALE TRADE 451,607,953 1.0% 258 37,490

RETAIL TRADE 646,916,022 1.4% 302 130,321

FINANCE, INSURANCE, AND REAL ESTATE 945,647,468 2.1% 118 75,452

SERVICES 1,188,839,986 2.7% 424 102,054

TOTAL $44,640,031,122 100.0% 4,140 1,897,253

Sources: PBGC Fiscal Year Closing File (9/30/10) 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 (1980-2010)

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

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 6,140 0.8% $8.5 0.2% $118 $87 1,160

1980 to 1984 24,687 3.3% 65.4 1.2% 221 167 3,173

1985 to 1989 38,774 5.1% 136.5 2.5% 294 205 6,721

1990 to 1994 89,940 11.9% 419.8 7.7% 229 163 2,164

1995 7,525 1.0% 28.3 0.5% 314 159 4,221

1996 9,456 1.2% 23.8 0.4% 209 116 5,218

1997 13,288 1.8% 44.7 0.8% 281 201 7,698

1998 4,553 0.6% 14.3 0.3% 259 152 4,156

1999 8,086 1.1% 23.3 0.4% 237 152 13,843

2000 9,917 1.3% 27.2 0.5% 225 124 3,974

2001 48,844 6.4% 292.0 5.3% 497 309 26,346

2002 97,817 12.9% 596.1 10.9% 504 346 43,159

2003 104,751 13.8% 977.9 17.9% 786 527 48,133

2004 59,685 7.9% 269.1 4.9% 387 236 53,582

2005 105,116 13.9% 1,057.4 19.3% 918 536 135,951

2006 17,340 2.3% 257.2 4.7% 1,425 660 23,566

2007 14,183 1.9% 60.8 1.1% 581 371 16,160

2008 8,207 1.1% 35.6 0.7% 512 304 16,433

2009 84,228 11.1% 1,116.4 20.4% 1,038 750 141,609

2010 5,854 0.8% 12.3 0.2% 384 286 30,491

TOTAL 758,391 100.0% $5,466.6 100.0% $594 $316 614,325

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 2010

(in millions)

Plan Termination Payees in 2010 Benefit Payments in 2010 Pension Pension

Fiscal Year of Monthly Monthly

Table S-21

PBGC Payees and Benefit Payments by Date of Plan Termination (2010)

Single-Employer Program

Average Median
Table S-22

PBGC Payees and Benefit Payments by Size of Trusteed Plan (2010)

Single-Employer Program

Number

of Plan

Participants Payees

Fewer Than 100 43,624 5.8% $123.5 2.3% $223

100 - 499 92,617 12.2% 361.9 6.6% 311

500 - 999 60,071 7.9% 247.4 4.5% 343

1,000 - 4,999 153,334 20.2% 858.4 15.7% 467

5,000 - 9,999 82,805 10.9% 633.7 11.6% 629

10,000 - 24,999 144,139 19.0% 1,354.8 24.8% 767

25,000 or more 181,801 24.0% 1,887.0 34.5% 879

TOTAL 758,391 100.0% $5,466.7 100.0% $594

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%.

Payment

712

$316

(in millions)

Average Median

Monthly Pension Monthly Pension

Payments Payment

$134

196

219

272

349

359
Payees Payees Payees

Younger Than 60 63,991 100.0% $713 37,461 58.5% $842 26,530 41.5% $533

60 - 64 118,512 100.0% 742 72,965 61.6% 859 45,547 38.4% 557

65 - 69 147,904 100.0% 671 95,174 64.3% 789 52,730 35.7% 456

70 - 74 127,036 100.0% 628 80,853 63.6% 792 46,183 36.4% 335

75 - 79 108,628 100.0% 555 65,068 59.9% 747 43,560 40.1% 262

80 - 84 89,537 100.0% 455 47,986 53.6% 655 41,551 46.4% 221

85 and older 90,447 100.0% 359 39,984 44.2% 574 50,463 55.8% 189

TOTAL 746,055 100.0% $594 439,491 58.9% $764 306,564 41.1% $350

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.

Age Pension Pension Pension

Average Average Average 

Monthly Monthly Monthly 

Table S-23

Total PBGC Payees and Average Benefit Payments by Gender and Age (2010)

Single-Employer Program

TOTAL PERIODIC PAYEES MALE FEMALE
Single-Employer Program

Payees Payees Payees

Younger Than 60 54,688 100.0% $771 36,508 66.8% $855 18,180 33.2% $595

60 - 64 107,926 100.0% 780 72,197 66.9% 865 35,729 33.1% 607

65 - 69 132,834 100.0% 710 93,959 70.7% 794 38,875 29.3% 499

70 - 74 108,078 100.0% 689 79,378 73.4% 801 28,700 26.6% 364

75 - 79 86,157 100.0% 637 63,517 73.7% 757 22,640 26.3% 286

80 - 84 65,692 100.0% 547 46,946 71.5% 665 18,746 28.5% 241

85 and older 60,017 100.0% 449 38,885 64.8% 584 21,132 35.2% 194

TOTAL 615,392 100.0% $668 431,390 70.1% $772 184,002 29.9% $416

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 (2010)

TOTAL RETIRED PAYEES MALE FEMALE
Single-Employer Program

Payees Payees Payees

Younger Than 60 9,303 100.0% $391 953 10.2% $325 8,350 89.8% $398

60 - 64 10,586 100.0% 374 768 7.3% 346 9,818 92.7% 376

65 - 69 15,070 100.0% 338 1,215 8.1% 344 13,855 91.9% 337

70 - 74 18,958 100.0% 289 1,475 7.8% 314 17,483 92.2% 287

75 - 79 22,471 100.0% 241 1,551 6.9% 313 20,920 93.1% 23

80 - 84 23,845 100.0% 206 1,040 4.4% 230 22,805 95.6% 205

85 and older 30,430 100.0% 187 1,099 3.6% 199 29,331 96.4% 186

TOTAL 130,663 100.0% $260 8,101 6.2% $296 122,562 93.8% $258

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-25

PBGC Beneficiary Payees and Average Benefit Payments by Gender and Age (2010)

TOTAL BENEFICIARY PAYEES MALE FEMALE
Table S-26

Single-Employer Program

Less Than $50 40,165 5.4% $7,545,319 0.1%

$50 - $99 98,128 13.2% 97,891,283 1.8%

$100 - $149 81,863 11.0% 128,443,739 2.4%

$150 - $199 56,870 7.6% 123,908,170 2.3%

$200 - $249 47,597 6.4% 133,213,263 2.5%

$250 - $299 36,536 4.9% 124,524,586 2.3%

$300 - $349 33,122 4.4% 132,472,546 2.5%

$350 - $399 26,084 3.5% 120,146,238 2.2%

$400 - $449 24,899 3.3% 129,738,417 2.4%

$450 - $499 21,177 2.8% 123,159,607 2.3%

$500 - $549 20,740 2.8% 133,833,608 2.5%

$550 - $599 18,405 2.5% 130,629,513 2.4%

$600 - $749 44,891 6.0% 366,871,995 6.8%

$750 - $999 48,122 6.5% 501,175,571 9.3%

$1,000 - $1,499 66,034 8.9% 984,833,234 18.4%

$1,500 - $1,999 33,352 4.5% 678,609,864 12.7%

$2,000 - $2,499 17,609 2.4% 433,595,071 8.1%

$2,500 or more 30,461 4.1% 1,010,425,869 18.8%

TOTAL 746,055 100.0% $5,361,017,893 100.0%

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

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

Numbers in table include periodic payees only.

Total PBGC Payees and Benefit Payments by Size of Monthly Payment (2010)

Monthly Payment Total Payees Total Pension Payments
Less Than $50 30,698 5.0% $3,868,080 0.1%

$50 - $99 61,538 10.0% 57,212,792 1.2%

$100 - $149 56,659 9.2% 86,777,095 1.8%

$150 - $199 45,094 7.3% 96,520,889 2.0%

$200 - $249 38,604 6.3% 105,983,805 2.1%

$250 - $299 29,638 4.8% 99,406,038 2.0%

$300 - $349 27,869 4.5% 109,963,939 2.2%

$350 - $399 22,373 3.6% 102,304,195 2.1%

$400 - $449 21,868 3.6% 113,433,917 2.3%

$450 - $499 18,729 3.0% 108,689,834 2.2%

$500 - $549 18,596 3.0% 119,785,703 2.4%

$550 - $599 16,600 2.7% 117,665,242 2.4%

$600 - $749 41,102 6.7% 337,383,027 6.8%

$750 - $999 44,515 7.2% 469,258,468 9.5%

$1,000 - $1,499 62,794 10.2% 943,907,367 19.1%

$1,500 - $1,999 32,252 5.2% 658,416,982 13.3%

$2,000 - $2,499 17,031 2.8% 420,802,684 8.5%

$2,500 or more 29,432 4.8% 983,799,712 19.9%

TOTAL 615,392 100.0% $4,935,179,769 100.0%

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 (2010)

Single-Employer Program

Monthly Payment Retired Payees Total Pension Payments
Less Than $50 9,467 7.2% $3,677,239 0.9%

$50 - $99 36,590 28.0% 40,678,491 9.6%

$100 - $149 25,204 19.3% 41,666,644 9.8%

$150 - $199 11,776 9.0% 27,387,281 6.4%

$200 - $249 8,993 6.9% 27,229,458 6.4%

$250 - $299 6,898 5.3% 25,118,548 5.9%

$300 - $349 5,253 4.0% 22,508,607 5.3%

$350 - $399 3,711 2.8% 17,842,043 4.2%

$400 - $449 3,031 2.3% 16,304,500 3.8%

$450 - $499 2,448 1.9% 14,469,773 3.4%

$500 - $549 2,144 1.6% 14,047,905 3.3%

$550 - $599 1,805 1.4% 12,964,271 3.0%

$600 - $749 3,789 2.9% 29,488,968 6.9%

$750 - $999 3,607 2.8% 31,917,103 7.5%

$1,000 - $1,499 3,240 2.5% 40,925,867 9.6%

$1,500 - $1,999 1,100 0.8% 20,192,882 4.7%

$2,000 - $2,499 578 0.4% 12,792,387 3.0%

$2,500 or more 1,029 0.8% 26,626,157 6.3%

TOTAL 130,663 100.0% $425,838,124 100.0%

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

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

Numbers in table include periodic payees only.

Table S-28

PBGC Beneficiary Payees and Benefit Payments by Size of Monthly Payment (2010)

Single-Employer Program

Monthly Payment Beneficiary Payees Total Pension Payments
Mean Median

Monthly Monthly

Pension Pension

AGRICULTURE, MINING, AND CONSTRUCTION 15,039 2.0% $82,973,545 1.5% $482 $296

MANUFACTURING 497,750 65.6% 3,262,988,010 59.7% 525 275

Apparel and Textile Mill Products 68,032 9.0% 148,748,929 2.7% 189 104

Fabricated Metal Products 41,530 5.5% 162,653,037 3.0% 344 237

Food and Tobacco Products 12,276 1.6% 34,349,857 0.6% 236 169

Machinery and Computer Equipment 38,638 5.1% 186,409,766 3.4% 400 227

Motor Vehicle Equipment 56,348 7.4% 869,710,204 15.9% 1,299 1,277

Primary Metals 204,558 27.0% 1,554,595,397 28.4% 621 448

Rubber and Miscellaneous Plastics 11,143 1.5% 38,020,538 0.7% 301 208

Other Manufacturing 65,225 8.6% 268,500,282 4.9% 346 221

TRANSPORTATION AND PUBLIC UTILITIES 148,078 19.5% 1,658,730,799 30.3% 966 523

Air Transportation 136,955 18.1% 1,608,491,554 29.4% 1,017 599

Other Transportation 11,067 1.5% 50,123,313 0.9% 376 189

Public Utilities 56 * 115,932 * 171 144

INFORMATION 4,536 0.6% 8,204,554 0.2% 278 174

WHOLESALE TRADE 11,047 1.5% 44,851,694 0.8% 345 207

RETAIL TRADE 31,787 4.2% 82,961,110 1.5% 228 146

FINANCE, INSURANCE, AND REAL ESTATE 26,384 3.5% 224,605,627 4.1% 623 369

SERVICES 23,353 3.1% 100,161,630 1.8% 381 204

Health Care 12,816 1.7% 53,379,071 1.0% 369 227

Other Services 10,537 1.4% 46,782,559 0.9% 396 200

NON-PROFIT ORGANIZATIONS 417 0.1% 1,243,655 * 374 200

TOTAL 758,391 100.0% $5,466,720,624 100.0% $594 $316

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 (2010)

 Single-Employer Program

Industry Payees Benefit Payments
Table S-30

PBGC-Insured Plan Participants (1980-2010)

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 33,789 22,790 3,538 4,961 1,706 456 251 87

Source: PBGC Premium Filings.

2010 figures are estimates from PBGC internal calculations. 2009 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 (1980-2010)

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 26,124 578 497 2,222 3,340 2,792 4,693 12,002

Source: PBGC Premium Filings.

2010 figures are estimates from PBGC internal calculations. 2009 estimates reported last year have been updated to reflect actual premium filings.
Table S-32

PBGC-Insured Plan Participants by Participant Status (1980-2009)

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%

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%.

2008 and 2009 figures are estimates from PBGC internal calculations. 2007 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%

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.

2008 and 2009 figures are estimates from PBGC internal calculations. 2007 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

(1980-2009)
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 3,627 13.0% 1,109 378 34.1% 2,311 384 16.6% 24,377 2,865 11.8%

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.

2009 figures are estimates from PBGC internal calculations. 2008 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 (2001-2009)

Single-Employer Program

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

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

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

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

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

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

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

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

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

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

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

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

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

2009 33,833 11,828 35.0% 26,089 10,629 40.7% 5,105 949 18.6% 2,639 330 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.

2009 figures are estimates from PBGC internal calculations. 2008 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 (2001-2009)

Single-Employer Program

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

Hard- Percent Hard- Percent Hard- Percent Hard- Percent

End Total Frozen Hard Total Frozen Hard Total Frozen Hard Total Frozen Hard

of Year Plans Plans Frozen Plans Plans Frozen Plans Plans Frozen Plans Plans Frozen

2003 30,611 2,898 9.5% 1,135 23 2.1% 2,569 153 6.0% 26,907 2,722 10.1%

2004 30,148 3,626 12.0% 1,137 32 2.8% 2,478 209 8.4% 26,533 3,385 12.8%

2005 29,605 4,324 14.6% 1,127 62 5.5% 2,404 267 11.1% 26,074 3,995 15.3%

2006 28,923 4,760 16.5% 1,117 68 6.1% 2,337 319 13.6% 25,469 4,373 17.2%

2007 29,255 5,298 18.1% 1,128 66 5.9% 2,336 374 16.0% 25,791 4,858 18.8%

2008 28,876 6,705 23.2% 1,115 119 10.7% 2,339 519 22.2% 25,422 6,067 23.9%

2009 27,797 7,416 26.7% 1,109 130 11.7% 2,311 529 22.9% 24,377 6,757 27.7%

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

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

2009 figures are estimates from PBGC internal calculations. 2007 estimates 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-36

PBGC-Insured Hard-Frozen Plans by Plan Size (2003-2009)

Single-Employer Program

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

Participants Percent Participants Percent Participants Percent Participants Percent

in Hard- in Hard- in Hard- in Hard- in Hard- in Hard- in Hard- in HardEnd Total Frozen Frozen Total Frozen Frozen Total Frozen Frozen Total Frozen Frozen

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)

2003 34,407 882 2.6% 25,556 249 2.6% 5,682 325 2.6% 3,168 308 2.6%

2004 34,523 1,231 3.6% 25,981 387 1.5% 5,491 445 8.1% 3,051 399 13.1%

2005 34,232 2,355 6.9% 25,900 1,256 4.8% 5,373 608 11.3% 2,959 491 16.6%

2006 33,933 2,824 8.3% 25,848 1,565 6.1% 5,196 695 13.4% 2,889 564 19.5%

2007 33,892 2,779 8.2% 25,905 1,375 5.3% 5,149 796 15.5% 2,838 608 21.4%

2008 33,888 4,265 12.6% 25,954 2,409 9.3% 5,164 1,094 21.2% 2,770 762 27.5%

2009 33,833 5,121 15.1% 26,089 3,170 12.2% 5,105 1,143 22.4% 2,639 808 30.6%

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

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

2009 figures are estimates from PBGC internal calculations. 2007 estimates reported last year have been updated to reflect actual Form 5500 filings. 

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

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

Table S-37

PBGC-Insured Hard-Frozen Plan Participants by Plan Size (2003-2009)

Single-Employer Program

INSURED PLANS WITH INSURED PLANS WITH INSURED PLANS WITH
Table S-38

PBGC-Insured Plans, Participants and Premiums by Industry (2009)

Single-Employer Program

Industry

AGRICULTURE, MINING, AND CONSTRUCTION 2,443 8.8% 601 1.8% $32,881,953 1.8%

MANUFACTURING 7,015 25.2% 15,271 45.1% 861,644,014 47.3%

Chemical and Allied Products 626 2.3% 1,822 5.4% 98,413,561 5.4%

Fabricated Metal Products 1,162 4.2% 610 1.8% 35,716,922 2.0%

Food and Tobacco Products 665 2.4% 1,260 3.7% 61,365,953 3.4%

Machinery and Computer Equipment 819 2.9% 1,797 5.3% 115,247,686 6.3%

Motor Vehicle Equipment 314 1.1% 2,045 6.0% 109,694,607 6.0%

Paper Manufacturing 282 1.0% 602 1.8% 39,308,257 2.2%

Primary Metals 409 1.5% 545 1.6% 47,086,579 2.6%

Rubber and Miscellaneous Plastics 346 1.2% 363 1.1% 34,889,636 1.9%

Other Manufacturing 2,392 8.6% 6,228 18.4% 319,920,813 17.6%

TRANSPORTATION AND PUBLIC UTILITIES 1,009 3.6% 2,382 7.0% 192,170,635 10.5%

Air Transportation 55 0.2% 585 1.7% 61,793,847 3.4%

Other Transportation 563 2.0% 720 2.1% 42,909,523 2.4%

Public Utilities 391 1.4% 1,077 3.2% 87,467,265 4.8%

INFORMATION 690 2.5% 2,520 7.4% 111,959,683 6.1%

WHOLESALE TRADE 1,975 7.1% 794 2.3% 32,676,253 1.8%

RETAIL TRADE 1,271 4.6% 1,738 5.1% 91,051,404 5.0%

FINANCE, INSURANCE, AND REAL ESTATE 5,096 18.3% 4,162 12.3% 186,265,551 10.2%

SERVICES 7,308 26.3% 6,097 18.0% 298,773,337 16.4%

Health Care 2,037 7.3% 3,037 9.0% 149,923,929 8.2%

Other Services 5,271 19.0% 3,060 9.0% 148,849,408 8.2%

NON-PROFIT ORGANIZATIONS 990 3.6% 269 0.8% 14,577,170 0.8%

TOTAL 27,797 100.0% 33,833 100.0% $1,822,000,000 100.0%

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 - 2011 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

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 (1980-2010)

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

Participants Premium Premium Premium *

Fewer Than 100 $10,813,022 1.0% $8,197,510 1.2% $19,010,532 1.0%

100 - 499 36,184,832 3.2% 16,211,991 2.3% 52,396,822 2.9%

500 - 999 35,515,573 3.2% 33,019,824 4.7% 68,535,397 3.8%

1,000 - 2,499 81,216,318 7.2% 65,068,200 9.3% 146,284,518 8.0%

2,500 - 4,999 86,217,216 7.7% 66,613,912 9.6% 152,831,128 8.4%

5,000 - 9,999 118,695,989 10.5% 83,535,550 12.0% 202,231,539 11.1%

10,000 or more 757,357,050 67.3% 423,353,014 60.8% 1,180,710,064 64.8%

TOTAL $1,126,000,000 100.0% $696,000,000 100.0% $1,822,000,000 100.0%

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 (2009)

Single-Employer Program

62% 38% 100%
Percent of Participants

Percent of Variable-Rate in Variable-Rate

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

Plans Plans Plans Participants Plans Participants

16,212 --- 58.3% 17,970,163 --- 53.1%

11,585 100.0% 41.7% 15,862,901 100.0% 46.9%

$0.01 - $9.99 1,697 14.6% 6.1% 2,855,282 18.0% 8.4%

$10.00 - $19.99 2,682 23.2% 9.6% 1,833,559 11.6% 5.4%

$20.00 - $29.99 1,918 16.6% 6.9% 2,286,495 14.4% 6.8%

$30.00 - $39.99 1,230 10.6% 4.4% 2,280,090 14.4% 6.7%

$40.00 - $49.99 883 7.6% 3.2% 1,449,306 9.1% 4.3%

$50.00 - $59.99 648 5.6% 2.3% 968,204 6.1% 2.9%

$60.00 - $69.99 516 4.5% 1.9% 915,256 5.8% 2.7%

$70.00 - $79.99 390 3.4% 1.4% 671,659 4.2% 2.0%

$80.00 - $89.99 299 2.6% 1.1% 576,895 3.6% 1.7%

$90.00 - $99.99 246 2.1% 0.9% 356,255 2.2% 1.1%

$100.00 - $149.99 571 4.9% 2.1% 1,046,582 6.6% 3.1%

$150.00 - $199.99 230 2.0% 0.8% 350,356 2.2% 1.0%

$200.00 - $249.99 92 0.8% 0.3% 116,563 0.7% 0.3%

$250.00 - $299.99 59 0.5% 0.2% 123,984 0.8% 0.4%

$300.00 or more 124 1.1% 0.4% 32,415 0.2% 0.1%

27,797 --- 100.0% 33,833,064 --- 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 (2009)

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%

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. 

4.93% 6.13%

4.67%

5.48%

6.69%

6.72% 7.12% 6.36%

4.94%

4.73%

4.86%

5.75%

4.92%

6.16%

5.95%

5.00%

6.30%

4.85%

5.24%

5.09%

4.30%

5.40%

First Second Third

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

Interest Rate**

Table S-43

PBGC-Insured Plans and Participants by Variable-Rate Premium Status (1992-2009)*

Single-Employer Program

Variable-Rate

Premium
Table S-44

Funding of PBGC-Insured Plans (1980-2009) 

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 (est.) 1,530,219 1,882,919 81% 387,736 35,036 5.38%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. When missing, PBGC Premium filings were used in 2008.

 Data for plan years prior to 1999 include only plans with 100 or more participants. Estimates for 2007 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 (1980-2009) 

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 (est.) 1,302,726 1,690,462 387,736 77% 5.38%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans.. When missing, PBGC Premium filings were used in 2008.

 Data for plan years prior to 1999 include only plans with 100 or more participants. Estimates for 2007 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 (1980-2009)

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 (est.) 227,493 192,457 35,036 118% 5.38%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. When missing, PBGC Premium filings were used in 2008.

 Data for plan years prior to 1999 include only plans with 100 or more participants. Estimates for 2007 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 (1990-2009)

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 (est.) 387,736 44,756 11.5% 72,256 18.6% 270,724 69.8%

Sources: Internal Revenue Service Form 5500 Series filings for single-employer plans. When missing, PBGC Premium filings were used in 2008.

 Data for plan years prior to 1999 include only plans with 100 or more participants. Estimates for 2007 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 (2009)

Single-Employer Program

Plans Underfunding Overfunding

(in millions) (in millions)

Less Than 40% 272 1.0% 214 0.6% $12,676 0.7% $8,503 2.2% --- ---

40% - 49% 758 2.7% 330 1.0% 18,363 1.0% 9,726 2.5% --- ---

50% - 59% 3,193 11.5% 2,933 8.7% 118,604 6.3% 51,905 13.4% --- ---

60% - 69% 5,832 21.0% 7,980 23.6% 378,322 20.1% 129,754 33.5% --- ---

70% - 79% 4,881 17.6% 7,909 23.4% 436,379 23.2% 109,567 28.3% --- ---

80% - 89% 4,055 14.6% 5,975 17.7% 384,472 20.4% 59,910 15.5% --- ---

90% - 99% 3,068 11.0% 4,771 14.1% 341,647 18.1% 18,371 4.7% --- ---

100% - 109% 1,867 6.7% 1,604 4.7% 85,929 4.6% --- --- $3,598 10.3%

110% - 119% 1,078 3.9% 1,196 3.5% 60,030 3.2% --- --- 7,866 22.5%

120% - 129% 672 2.4% 210 0.6% 10,556 0.6% --- --- 2,655 7.6%

130% - 139% 386 1.4% 245 0.7% 18,138 1.0% --- --- 6,684 19.1%

140% - 149% 241 0.9% 84 0.2% 7,881 0.4% --- --- 3,634 10.4%

150% or more 1,494 5.4% 381 1.1% 9,922 0.5% --- --- 10,599 30.3%

TOTAL 27,797 100.0% 33,833 100.0% $1,882,919 100.0% $387,736 100.0% $35,036 100.0%

UNDERFUNDED 22,059 79.4% 30,112 89.0% $1,690,462 89.8% $387,736 100.0% --- ---

OVERFUNDED 5,738 20.6% 3,720 11.0% $192,457 10.2% --- --- $35,036 100.0%

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

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 387.74 77.33 84.85 167.86 503.6

2010 --- 115.90 74.72 169.74 415.0

Definitions:

 (A) Underfunding calculated from Internal Revenue Service Form 5500 Series Filings for single-employer plans. Vested liabilities have been adjusted to the PBGC rate that,

 along with an assumed mortality table, reflects the cost to purchase an annuity at the beginning of the relevant year. The assumed mortality table was UP-84 for

 1980-1992, GAM-83 for 1993-2006, and the mortality table found in section 1.412(l)(7)-1 of the Income Tax Regulations for 2007 and later. Funding information from

 PBGC premium filings were used in 2008 whenever Form 5500 data was not available. Vested liabilities are used as a proxy for PBGC-guaranteed benefits.

 (B) Underfunding data from PBGC premium filings used to calculate the variable-rate premium. Underfunding is based on vested benefits. 

 (C) Data from filings made under Section 4010 of ERISA, which requires that companies annually provide PBGC with information on their underfunded plans. For the

 2007 and earlier plan years, the filing was required if aggregate underfunding exceeded $50 million or there was an outstanding lien for missed contributions 

 exceeding $1 million or an outstanding funding waiver of more than $1 million. For later plan years, a filing is required if plans are less than 80 percent funded in the 

 aggregate. Underfunding for years before 2010 is based on an estimate of vested benefits. Beginning this year, 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 (1992-2010)

Single-Employer Program

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

Funding of PBGC-Insured Plans by Industry (2009)

Single-Employer Program

 Average

Funding Ratio

AGRICULTURE, MINING, AND CONSTRUCTION 74% $23,509 1.2% $6,359 1.6% $236 0.7%

MANUFACTURING 81% 950,409 50.5% 187,897 48.5% 8,680 24.8%

Chemical and Allied Products 78% 124,561 6.6% 28,704 7.4% 1,218 3.5%

Computer and Electronic Products 87% 70,585 3.7% 13,655 3.5% 4,240 12.1%

Electrical Equipment 84% 85,702 4.6% 14,342 3.7% 465 1.3%

Fabricated Metal Products 73% 23,563 1.3% 6,461 1.7% 143 0.4%

Food and Tobacco Products 81% 60,783 3.2% 11,531 3.0% 237 0.7%

Machinery Manufacturing 78% 47,192 2.5% 10,686 2.8% 335 1.0%

Motor Vehicle Equipment 85% 187,721 10.0% 28,258 7.3% 199 0.6%

Paper Manufacturing 75% 26,959 1.4% 7,512 1.9% 790 2.3%

Petroleum and Coal Products 77% 42,459 2.3% 9,789 2.5% 161 0.5%

Primary Metals 72% 30,955 1.6% 8,610 2.2% 42 0.1%

Other Manufacturing 81% 249,929 13.3% 48,350 12.5% 851 2.4%

TRANSPORTATION AND PUBLIC UTILITIES 74% 193,808 10.3% 53,240 13.7% 3,535 10.1%

Air Transportation 60% 45,399 2.4% 18,292 4.7% 17 **

Other Transportation 80% 29,743 1.6% 6,432 1.7% 542 1.5%

Public Utilities 78% 118,667 6.3% 28,517 7.4% 2,976 8.5%

INFORMATION 89% 137,950 7.3% 23,187 6.0% 8,665 24.7%

WHOLESALE TRADE 77% 35,955 1.9% 8,659 2.2% 376 1.1%

RETAIL TRADE 74% 24,347 1.3% 6,423 1.7% 60 0.2%

FINANCE, INSURANCE AND REAL ESTATE 89% 203,714 10.8% 31,055 8.0% 8,757 25.0%

SERVICES 79% 297,306 15.8% 66,860 17.2% 4,591 13.1%

Health Care 69% 96,965 5.1% 30,325 7.8% 554 1.6%

Other Services 84% 200,341 10.6% 36,535 9.4% 4,037 11.5%

NON-PROFIT ORGANIZATIONS 75% 15,920 0.8% 4,056 1.0% 135 0.4%

TOTAL 81% $1,882,919 100.0% $387,736 100.0% $35,036 100.0%

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

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 (2009)

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 $13,905 $12,615 $1,290 $146,491 $178,280 $31,789 $160,396 $190,896

Connecticut 2,280 1,807 473 91,495 107,179 15,684 93,775 108,986

Maine 94 54 40 2,285 3,135 850 2,379 3,189

Massachusetts 4,192 3,909 283 35,728 47,941 12,213 39,920 51,850

New Hampshire 27 23 4 1,633 2,378 746 1,659 2,401

Rhode Island 7,235 6,755 480 14,715 16,753 2,038 21,950 23,508

Vermont 77 67 10 635 894 259 713 962

MID-ATLANTIC 73,939 55,617 18,322 387,768 501,001 113,233 461,708 556,618

Delaware 566 546 19 15,106 20,035 4,928 15,672 20,581

 District of Columbia 278 203 75 10,248 13,694 3,447 10,526 13,897

Maryland 1,236 1,045 191 25,353 32,382 7,029 26,589 33,427

New Jersey 44,354 31,515 12,839 110,753 141,444 30,691 155,107 172,959

New York 14,699 13,173 1,526 132,653 164,579 31,926 147,352 177,752

Pennsylvania 2,666 2,312 355 66,531 91,425 24,894 69,198 93,737

Virginia 9,988 6,691 3,298 26,245 36,093 9,849 36,233 42,784

West Virginia 151 133 18 879 1,349 469 1,031 1,482

SOUTHEAST 23,922 21,509 2,413 123,528 179,673 56,145 147,450 201,182

Alabama 331 257 75 4,081 5,545 1,465 4,412 5,802

Arkansas 46 30 15 1,664 2,350 686 1,710 2,381

Florida 3,118 2,300 817 11,085 15,529 4,445 14,203 17,830

Georgia 13,283 12,581 702 36,243 58,087 21,843 49,527 70,667

Kentucky 213 191 21 7,447 10,280 2,832 7,660 10,471

Louisiana 172 136 37 6,384 9,440 3,055 6,557 9,575

Mississippi 553 503 50 572 807 235 1,126 1,310

North Carolina 5,095 4,564 532 22,443 31,342 8,900 27,538 35,906

South Carolina 492 463 30 7,383 10,597 3,214 7,875 11,060

Tennessee 618 484 134 26,225 35,696 9,470 26,843 36,179

GREAT LAKES 36,560 33,160 3,400 364,984 469,343 104,359 401,544 502,503

Illinois 20,543 19,325 1,218 73,074 100,626 27,552 93,617 119,950

Indiana 4,693 4,531 161 9,320 13,104 3,783 14,013 17,635

Michigan 1,086 910 176 175,006 210,474 35,468 176,092 211,384

Minnesota 2,200 2,036 164 33,114 40,420 7,305 35,314 42,455

Ohio 6,887 5,458 1,430 50,732 72,396 21,664 57,619 77,853

Wisconsin 1,151 901 250 23,737 32,324 8,587 24,888 33,225

Table S-51 (continued)

Pension Funding Data for PBGC-Insured Plans by Region and State (2009)

Single-Employer Program

OVERFUNDED UNDERFUNDED

Assets Liabilities* Assets Liabilities* Assets Liabilities*

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

MIDWEST $4,698 $4,158 $541 $33,622 $46,987 $13,365 $38,321 $51,145

Iowa 100 83 16 7,724 10,611 2,886 7,824 10,694

Kansas 1,099 871 229 4,149 5,972 1,823 5,249 6,842

Missouri 3,235 3,055 180 14,932 21,548 6,616 18,167 24,603

Nebraska 238 126 112 6,075 7,790 1,715 6,313 7,917

North Dakota 10 9 1 452 657 205 461 666

South Dakota 16 13 3 290 410 121 306 423

SOUTHWEST 55,874 48,950 6,924 94,139 124,739 30,600 150,013 173,689

Arizona 335 271 64 5,969 8,086 2,117 6,304 8,357

New Mexico 616 519 97 3,992 5,425 1,433 4,608 5,944

Oklahoma 528 277 251 5,949 8,928 2,979 6,477 9,205

Texas 54,395 47,883 6,513 78,228 102,300 24,072 132,623 150,182

ROCKY MOUNTAIN 303 244 59 20,029 26,789 6,760 20,332 27,033

Colorado 176 154 23 11,647 15,178 3,531 11,823 15,332

Idaho 31 23 8 1,465 2,224 759 1,496 2,247

Montana 3 3 1 437 610 173 440 613

Nevada 33 26 7 1,385 1,894 509 1,418 1,920

Utah 23 19 4 5,057 6,834 1,778 5,080 6,853

Wyoming 37 20 17 38 49 11 75 69

PACIFIC 18,139 16,081 2,058 129,376 160,009 30,633 147,515 176,090

Alaska 72 71 1 213 344 132 285 415

California 11,781 10,301 1,480 74,095 95,271 21,176 85,876 105,571

Hawaii 62 55 6 2,205 3,295 1,090 2,266 3,350

Oregon 839 622 218 5,212 7,726 2,514 6,051 8,348

Washington 5,385 5,032 353 47,652 53,373 5,721 53,037 58,405

U.S. TERRITORIES 150 122 28 2,329 3,020 692 2,479 3,142

Puerto Rico 149 121 28 2,256 2,902 646 2,404 3,023

Virgin Islands 2 1 0 --- --- --- 2 1

Other --- --- --- 73 118 45 73 118

FOREIGN COUNTRIES 1 1 ** 461 621 160 462 621

TOTAL $227,493 $192,457 $119,538 $688,632 $1,690,462 $387,736 $1,530,220 $1,882,919

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

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)

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

1975-2010 2009 2010

Plans Plans Payees Payments

NEW ENGLAND 449 $1,150,902,074 1,970 1,617,035 34,418 $208,195,489 $516

Connecticut 128 376,279,843 710 490,484 7,677 39,760,450 430

Maine 15 112,282,719 97 102,724 2,393 11,894,163 427

Massachusetts 215 567,396,203 874 641,605 16,213 107,911,293 572

New Hampshire 28 30,319,659 105 198,774 4,633 32,836,538 624

Rhode Island 50 48,866,380 120 86,134 1,817 7,420,259 338

Vermont 13 15,757,271 64 97,314 1,685 8,372,786 418

MID-ATLANTIC 1,354 13,859,109,826 8,459 7,388,732 193,163 1,303,912,324 565

Delaware 11 35,504,230 101 122,438 1,525 10,519,031 584

District of Columbia 16 17,299,837 226 58,570 403 2,447,005 529

Maryland 75 92,043,016 490 640,071 17,753 157,319,318 737

New Jersey 219 413,589,301 1,546 1,132,793 16,478 95,537,125 481

New York 543 4,016,591,913 3,683 2,378,622 45,414 312,848,384 559

Pennsylvania 374 5,039,204,125 1,690 1,953,216 80,935 525,570,854 545

Virginia 59 3,048,026,530 580 873,481 18,250 96,490,331 475

West Virginia 57 1,196,850,874 143 229,541 12,405 103,180,276 694

SOUTHEAST 392 4,167,428,030 3,234 6,769,165 183,709 1,067,760,546 483

Alabama 22 47,437,157 220 425,663 15,467 79,585,527 395

Arkansas 17 23,644,088 121 287,154 3,857 15,639,957 339

Florida 90 405,818,289 883 2,055,864 49,817 386,689,923 638

Georgia 66 2,179,651,130 503 810,513 26,763 168,248,859 525

Kentucky 28 100,950,319 245 544,454 7,429 31,815,253 389

Louisiana 30 93,716,322 203 496,119 5,331 30,539,616 464

Mississippi 13 22,051,171 107 265,752 5,491 39,148,005 519

North Carolina 55 423,624,913 449 845,796 36,014 161,898,029 390

South Carolina 19 85,445,718 183 472,922 15,842 66,751,940 354

Tennessee 52 785,088,923 320 564,928 17,698 87,443,437 412

GREAT LAKES 1,260 22,458,261,298 5,580 7,109,702 207,679 1,763,065,435 675

Illinois 293 9,064,351,258 1,614 1,610,663 39,816 307,651,918 678

Indiana 116 1,439,314,984 438 1,026,203 31,107 325,089,283 794

Michigan 336 7,500,888,185 990 1,484,147 42,013 409,880,009 750

Minnesota 47 209,407,763 466 640,464 9,022 59,786,121 542

Ohio 377 3,883,139,173 1,506 1,638,983 74,020 587,377,284 623

Wisconsin 91 361,159,935 566 709,242 11,701 73,280,820 522

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

1975-2010 2009 2010

Plans Plans Payees Payments

MIDWEST 149 $444,064,812 1,039 1,714,932 24,398 $130,941,375 $445

Iowa 46 102,901,113 293 327,618 5,973 20,249,488 279

Kansas 25 43,720,725 159 274,211 2,792 18,369,111 531

Missouri 71 289,902,390 382 756,793 13,591 81,190,774 497

Nebraska 4 7,328,457 134 276,624 1,424 6,805,462 406

North Dakota 3 212,127 36 25,297 123 607,203 420

South Dakota --- --- 35 54,389 495 3,719,337 710

SOUTHWEST 182 697,328,500 2,051 2,938,638 34,484 244,336,583 585

Arizona 27 10,752,006 489 666,759 8,605 73,949,282 717

New Mexico 7 10,380,110 107 98,496 1,520 9,926,830 540

Oklahoma 24 414,196,986 168 322,220 3,615 19,114,070 429

Texas 124 261,999,398 1,287 1,851,163 20,744 141,346,401 562

ROCKY MOUNTAIN 50 249,391,415 753 1,366,869 18,484 191,421,704 878

Colorado 20 203,500,140 319 569,902 9,190 104,614,818 979

Idaho 7 12,709,942 71 92,637 1,889 13,744,475 619

Montana 4 2,288,314 43 52,643 564 5,222,149 789

Nevada 9 949,210 159 342,791 4,049 44,798,718 932

Utah 9 29,852,921 135 263,520 2,439 19,838,862 649

Wyoming 1 90,887 26 45,376 353 3,202,682 787

PACIFIC 288 1,590,677,695 4,604 4,805,102 56,403 534,078,558 829

Alaska 6 50,784,879 20 50,559 646 4,031,000 924

California 211 1,066,686,387 3,844 3,544,642 38,331 349,647,132 794

Hawaii 24 131,064,581 197 92,701 3,845 42,283,765 928

Oregon 22 37,501,810 230 444,081 3,476 28,852,152 763

Washington 25 304,640,039 313 723,678 10,105 109,264,509 938

PUERTO RICO 14 20,293,543 86 67,911 3,292 9,696,715 250

U.S. TERRITORIES --- --- 10 2,432 171 826,334 352

FOREIGN COUNTRIES 2 2,573,928 11 1,986 2,190 12,485,561 409

TOTAL 4,140 $44,640,031,122 28,876 33,888,284 758,391 $5,466,720,624 $594

Sources: PBGC Fiscal Year Closing File (9/30/10), 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

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. 

The 2010 guarantees are the same as the 2009 guarantees because the Social Security contribution and benefit base did not increase for 2010. 

Guarantee Guarantee

Table S-53

PBGC Maximum Guaranteed Benefits (1990-2011)

Single-Employer Program

Maximum Monthly Maximum Annual
Table M-1

Net Financial Position of PBGC's Multiemployer Program (1980-2010)

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

Source: PBGC Annual Reports (1980-2010).

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

Source: PBGC Annual Reports (1980-2010).

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.

Table M-2

PBGC Premium Revenue, Benefit Payments, and Expenses (1980-2010)

Multiemployer Program

1980

1996

1997

1998

1999

2000

1985

1990

1995

2001

2002

2003

2010

2004

2005

2006

2007

2008

 2009**
Table M-3

PBGC Payees and Benefit Payments (1980-2010)

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

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

2002

1985

1990

1995

1996

1997

1998

1999

2000

2009

2010

2003

2004

2005

2006

2007

2008
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 97,045.0 7 (6) 10,412.9 44 86,632.1 ---

TOTAL (7) 63 $600,441.3 27 $126,114.1 55 $474,327.2 $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 

Table M-4

PBGC Financial Assistance to Insolvent Plans (1981-2010)

Multiemployer Program

Lump-Sum Lump-Sum Periodic 

Receiving Amount of 

(in thousands)

Assistance Assistance

Periodic

Payment Payment Payments Payments

Financial Financial

Amount of Repayments of

Past Financial

Assistance

Receiving a Amount of Receiving 

(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 (1980-2010)

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 10,412 7,921 895 701 612 199 63 22

Source: PBGC Premium Filings.

2010 figures are estimates from PBGC internal calculations. 2009 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 (1980-2010)

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 1,460 168 126 199 372 273 169 153

Source: PBGC Premium Filings.

2010 figures are estimates from PBGC internal calculations. 2009 estimates reported last year have been updated to reflect actual premium filings.
Table M-7

PBGC-Insured Plan Participants by Participant Status (1980-2009)

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% 26.6%

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.

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

2008 and 2009 figures are estimates from PBGC internal calculations. 2007 figures reported last year have been updated to reflect actual

 Form 5500 filings.
AGRICULTURE 8 0.5% 15,773 0.2%

MINING 9 0.6% 145,573 1.4%

CONSTRUCTION 822 55.2% 3,886,522 37.4%

Building Construction 86 5.8% 709,448 6.8%

Heavy Construction 84 5.6% 605,920 5.8%

Plumbing, Heating, and Air Conditioning 161 10.8% 398,763 3.8%

Electrical Work 123 8.3% 793,981 7.6%

Building Finishing Contractors 85 5.7% 476,456 4.6%

Foundation, Structure, and Exterior Work 182 12.2% 542,423 5.2%

Other Construction 101 6.8% 359,531 3.5%

MANUFACTURING 177 11.9% 1,183,500 11.4%

Food and Tobacco Products 31 2.1% 196,207 1.9%

Apparel and Textile Products 11 0.7% 12,722 0.1%

Paper and Allied Products 5 0.3% 88,334 0.8%

Printing and Publishing 26 1.7% 174,164 1.7%

Machinery and Computer Equipment 7 0.5% 272,297 2.6%

Electrical and Electronic Equipment 8 0.5% 33,505 0.3%

Other Manufacturing 89 6.0% 406,271 3.9%

TRANSPORTATION AND PUBLIC UTILITIES 148 9.9% 1,603,752 15.4%

Trucking 69 4.6% 1,419,487 13.7%

Water Transportation 45 3.0% 117,610 1.1%

Other Transportation and Public Utilities 34 2.3% 66,655 0.6%

INFORMATION 28 1.9% 184,235 1.8%

WHOLESALE TRADE 36 2.4% 81,055 0.8%

RETAIL TRADE 87 5.8% 1,452,575 14.0%

SERVICES 173 11.6% 1,843,317 17.7%

Administrative/Support 42 2.8% 331,866 3.2%

Health Care/Social Assistance 17 1.1% 433,685 4.2%

Accommodation/Food Service 28 1.9% 702,322 6.8%

Other Services 86 5.8% 375,444 3.6%

TOTAL 1,488 100.0% 10,396,302 100.0%

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. 

Table M-8

PBGC-Insured Plans and Participants by Industry (2009)

Multiemployer Program

Industry Insured Plans Insured Participants
Table M-9

Funding of PBGC-Insured Plans (1980-2009) 

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 (est.) 332,653 686,682 48 354,241 213 5.38%

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 2007 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 (1980-2009) 

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 (est.) 331,437 685,678 354,241 48% 5.38%

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 2007 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 (1980-2009) 

Multiemployer Program

Beginning Funding PBGC

of Year Assets Liabilities* Overfunding Ra tio 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 (est.) 1,217 1,004 213 121% 5.38%

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 2007 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 (1990-2009)

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 (est.) 354,241 97,277 27.5% 90,896 25.7% 166,068 46.9%

Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans. Data for plan years prior to 1999 include only plans with 100 or more 

 participants. Estimates for 2007 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 (2009, estimated

Multiemployer Program

 Funding Ratio Plans Participants

(in thousands)

Total Liabilities*

(in millions)

Underfunding

(in millions)

Less Than 40% 211 14.2% 1,639 15.8% $141,266 20.6% $92,786 26.2% 

40% - 49% 450 30.2% 4,048 38.9% 273,962 39.9% 151,178 42.7% 

50% - 59% 397 26.7% 2,523 24.3% 156,724 22.8% 71,421 20.2% 

60% - 69% 207 13.9% 1,719 16.5% 95,815 14.0% 35,439 10.0% 70% - 79% 133 8.9% 315 3.0% 10,102 1.5% 2,582 0.7% 

80% - 89% 33 2.2% 74 0.7% 3,712 0.5% 592 0.2% 

90% - 99% 21 1.4% 40 0.4% 4,097 0.6% 244 0.1% 

100% - 109% 10 0.7% 10 0.1% 551 0.1% --- --- $

110% - 119% 5 0.3% 6 0.1% 184 ** --- --- 

120% - 129% 2 0.1% 1 ** 11 ** --- --- 

130% - 139% 3 0.2% 1 ** 19 ** --- --- 140% - 149% 1 0.1% 1 ** 5 ** --- --- 150% or more 15 1.0% 19 0.2% 234 ** --- --- 1

TOTAL 1,488 100.0% 10,396 100.0% $686,682 100.0% $354,241 100.0% $2

UNDERFUNDED 1,452 97.6% 10,358 99.6% $685,678 99.9% $354,241 100.0% 

OVERFUNDED 36 2.4% 38 0.4% $1,004 0.1% --- --- $2

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 ** Less than 0.05 of one percent.
AGRICULTURE 70% $801 0.1% $238 0.1% ** ***

MINING 48 9,582 1.4% 5,022 1.4% $2 0.8%

CONSTRUCTION 48 322,655 47.0% 166,999 47.1% 123 57.9%

Building Construction 45 60,997 8.9% 33,414 9.4% ** ***

Heavy Construction 48 54,658 8.0% 28,268 8.0% 3 1.2%

Plumbing, Heating, and Air Conditioning 48 47,409 6.9% 24,888 7.0% 15 6.9%

Electrical Work 51 48,562 7.1% 23,685 6.7% --- ---

Building Finishing Contractors 50 20,467 3.0% 10,233 2.9% 2 1.2%

Foundation, Structure, and Exterior Work 48 43,123 6.3% 22,326 6.3% 97 45.7%

Other Construction 49 47,440 6.9% 24,185 6.8% 6 2.8%

MANUFACTURING 51 51,112 7.4% 25,152 7.1% 27 12.8%

Food and Tobacco Products 49 14,196 2.1% 7,303 2.1% ** 0.1%

Apparel and Textile Products 49 4,834 0.7% 2,464 0.7% --- ---

Paper and Allied Products 48 3,670 0.5% 1,893 0.5% --- ---

Printing and Publishing 46 6,821 1.0% 3,697 1.0% --- ---

Furniture and Fixtures 37 305 0.0% 192 0.1% --- ---

Machinery and Computer Equipment 59 11,837 1.7% 4,840 1.4% 19 9.0%

Electrical and Electronic Equipment 73 361 0.1% 96 0.0% ** ***

Other Manufacturing 49 9,087 1.3% 4,666 1.3% 8 3.8%

TRANSPORTATION AND PUBLIC UTILITIES 46 150,491 21.9% 80,801 22.8% 36 17.0%

Trucking 50 85,520 12.5% 42,396 12.0% --- ---

Water Transportation 63 6,225 0.9% 2,354 0.7% 36 17.0%

Other Transportation and Public Utilities 39 58,746 8.6% 36,051 10.2% --- ---

INFORMATION 48 16,827 2.5% 8,755 2.5% 1 0.6%

WHOLESALE TRADE 56 2,013 0.3% 885 0.2% 5 2.3%

RETAIL TRADE 48 54,489 7.9% 28,288 8.0% 7 3.3%

SERVICES 52 78,712 11.5% 38,100 10.8% 11 5.0%

Administration/Support 47 14,924 2.2% 7,972 2.3% --- ---

Health Care/Social Assistance 54 18,499 2.7% 8,468 2.4% --- ---

Accommodation/Food Service 60 8,114 1.2% 3,247 0.9% 2 0.7%

Other Services 50 37,175 5.4% 18,412 5.2% 9 4.3%

TOTAL 48% $686,682 100.0% $354,241 100.0% $213 100.0%

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 2009.

** Less than $500,000.

*** Less than 0.05 of one percent.

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

Table M-14

Funding of PBGC-Insured Plans by Industry (2009, estimated)

Multiemployer Program

Average

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

PBGC Maximum Guaranteed Benefits (1980-2011)

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 - 2011