|
|
Single-Employer Program
|
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Fiscal Year Ended September 30, | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 |
| Summary of Operations: | ||||||||||
| Premium income | $ 821 | $ 807 | $ 902 | $ 966 | $ 1,067 | $ 1,146 | $ 838 | $ 955 | $ 890 | $ 875 |
| Other income | $ 23 | $ 5 | $ 3 | $ 10 | $ 19 | $ 26 | $ 18 | $ 42 | $ 38 | $ 118 |
| Investment income (loss) | $ -843) | $ 2,392 | $ 728 | $ 2,118 | $ 2,687 | $ 915 | $ 1,956 | $ -380) | $ 1,538 | $ 614 |
| Actuarial charges (credits) | $ 1,082 | $ 453 | $ -602) | $ 815 | $ 488 | $ 632 | $ 1,561 | $ -926) | $ 1,680 | $ 848 |
| Losses (credits) from completed and probable terminations | $ 705 | $ -80) | $ 49 | $ 584 | $ 489 | $ 118 | $ 169 | $ -249) | $ 743 | $ 896 |
| Loss on contingent value rights | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ 96 | |
| Administrative and investment expenses | $ 184 | $ 167 | $ 161 | $ 158 | $ 155 | $ 150 | $ 138 | $ 135 | $ 107 | $ 97 |
| Other expenses | $ 2 | $ -2) | $ -1) | $ 6 | $ 29 | $ 3 | $ 19 | $ - | $ - | $ - |
| Net income (loss) | $ -1,972) | $ 2,666 | $ 2,026 | $ 1,531 | $ 2,612 | $ 1,184 | $ 925 | $ 1,657 | $ -160) | $ -234) |
| Summary of Financial Position: | ||||||||||
| Cash and investments | $ 21,010 | $ 20,409 | $ 17,965 | $ 17,345 | $ 14,988 | $ 11,665 | $ 10,026 | $ 7,857 | $ 7,866 | $ 5,897 |
| Total assets | $ 21,768 | $ 20,830 | $ 18,431 | $ 17,631 | $ 15,314 | $ 12,043 | $ 10,371 | $ 8,281 | $ 8,267 | $ 6,381 |
| Present value of future benefits | $ 13,497 | $ 10,631 | $ 11,073 | $ 12,281 | $ 11,497 | $ 10,760 | $ 10,388 | $ 9,215 | $ 10,693 | $ 8,790 |
| Net position | $ 7,732 | $ 9,704 | $ 7,038 | $ 5,012 | $ 3,481 | $ 869 | $ -315) | $ -1,240) | $ -2,897) | $ -2,737) |
| Insurance Activity: | ||||||||||
| Benefits paid | $ 1,043 | $ 902 | $ 901 | $ 847 | $ 823 | $ 790 | $ 761 | $ 719 | $ 720 | $ 634 |
| Participants receiving monthly benefits at end of year | 268,090 | 226,080 | 214,160 | 208,450 | 204,800 | 198,600 | 181,000 | 172,800 | 156,800 | 150,200 |
| Plans trusteed and pending trusteeship by PBGC | 2,965 | 2,864 | 2,775 | 2,655 | 2,500 | 2,338 | 2,084 | 1,961 | 1,848 | 1,760 |
|
|
Multiemployer Program
|
|||||||||
| Fiscal Year Ended September 30, | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 |
| Summary of Operations: | ||||||||||
| Premium income | $ 24 | $ 24 | $ 23 | $ 23 | $ 23 | $ 22 | $ 22 | $ 23 | $ 23 | $ 23 |
| Other income (loss) | $ - | $ - | $ - | $ - | $ - | $ 1 | $ - | $ - | $ -1) | $ 1 |
| Investment income (loss) | $ 95 | $ 70 | $ -56) | $ 133 | $ 68 | $ 12 | $ 83 | $ -46) | $ 107 | $ 27 |
| Actuarial charges (credits) | $ 1 | $ - | $ - | $ - | $ -1) | $ 1 | $ 2 | $ -1) | $ 2 | $ -1) |
| Losses (gains) from financial assistance | $ 269 | $ 26 | $ 109 | $ 34 | $ -3) | $ 102 | $ 108 | $ 57 | $ 20 | $ 46 |
| Administrative and investment expenses | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| Net income (loss) | $ -151) | $ 68 | $ -142) | $ 122 | $ 95 | $ -68) | $ -5) | $ -79) | $ 107 | $ 6 |
| Summary of Financial Position: | ||||||||||
| Cash and investments | $ 796 | $ 682 | $ 681 | $ 736 | $ 585 | $ 498 | $ 472 | $ 374 | $ 405 | $ 279 |
| Total assets | $ 807 | $ 694 | $ 692 | $ 745 | $ 596 | $ 505 | $ 477 | $ 378 | $ 407 | $ 283 |
| Present value of future benefits | $ 4 | $ 4 | $ 5 | $ 6 | $ 7 | $ 9 | $ 10 | $ 10 | $ 13 | $ 13 |
| Nonrecoverable future financial assistance, present value | $ 679 | $ 414 | $ 479 | $ 389 | $ 361 | $ 365 | $ 268 | $ 164 | $ 110 | $ 94 |
| Net position | $ 116 | $ 267 | $ 199 | $ 341 | $ 219 | $ 124 | $ 192 | $ 197 | $ 276 | $ 169 |
| Insurance Activity: | ||||||||||
| Benefits paid | $ 1 | $ 1 | $ 1 | $ 1 | $ 1 | $ 2 | $ 2 | $ 2 | $ 2 | $ 2 |
| Participants receiving monthly benefits from PBGC at end of year | 510 | 620 | 730 | 850 | 1,000 | 1,100 | 1,300 | 1,400 | 1,590 | 1,760 |
| Plans receiving financial assistance from PBGC | 22 | 21 | 21 | 18 | 14 | 12 | 9 | 8 | 6 | 6 |
Back to Annual Report Index | Back to WWW.PBGC.GOV | PDF version of PBGC's 2001 Annual Report