Table M-9
| Beginning of Year | Assets (in millions) | Liabilities * (in millions) | Underfunding (in millions) | Funding Ratio | PBGC Rate |
|---|---|---|---|---|---|
| 1980 | $24,819 | $42,706 | $17,887 | 58% | 8.50% |
| 1981 | 25,599 | 38,668 | 13,068 | 66% | 9.75% |
| 1982 | 22,301 | 33,861 | 11,560 | 66% | 10.75% |
| 1983 | 27,287 | 38,508 | 11,221 | 71% | 9.75% |
| 1984 | 22,515 | 32,798 | 10,282 | 69% | 9.75% |
| 1985 | 22,813 | 29,246 | 6,432 | 78% | 9.75% |
| 1986 | 27,035 | 34,723 | 7,687 | 78% | 8.50% |
| 1987 | 29,782 | 39,861 | 10,079 | 75% | 7.50% |
| 1988 | 29,802 | 38,042 | 8,240 | 78% | 8.25% |
| 1989 | 34,845 | 43,480 | 8,635 | 80% | 7.75% |
| 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 | 243,354 | 309,449 | 66,095 | 79% | 5.30% |
Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans with 100 or more participants.
* 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 and GAM-83 for 1993-1999.