PBGC Terminations and Claims (1975-2001) Single-Employer Program

Table S-10
Fiscal Year Standard Terminations Trusteed Terminations Assets (in millions) Liabilities (in millions) Gross Claims (in millions) Recoveries (in millions) Net Claims (in millions)
1975-1979 28,572 586 $152.2 $397.4 $245.2 $58.9 $186.3
1980 3,933 104 74.3 166.5 92.3 32.2 60.1
1981 4,949 137 67.1 174.3 107.2 39.3 67.9
1982 6,003 131 145.6 456.2 310.7 44.3 266.4
1983 6,730 150 210.8 412.2 201.4 40.5 160.9
1984 7,621 99 19.4 48.1 28.7 3.5 25.2
1985 8,635 116 39.9 262.5 222.6 14.5 208.1
1986 6,829 132 277.6 1,164.1 886.5 81.1 805.4
1987 10,865 107 139.8 350.6 210.7 32.8 177.9
1988 10,790 99 109.3 379.0 269.7 21.5 248.2
1989 11,400 83 85.7 195.0 109.3 12.4 96.9
1990 11,800 101 109.1 215.8 106.7 7.5 99.2
1991 8,600 174 1,480.3 3,015.1 1,534.8 231.8 1,303.0
1992 6,670 157 251.0 823.4 572.4 169.7 402.6
1993 5,320 124 126.6 256.8 130.2 13.2 117.0
1994 3,950 135 305.0 797.0 492.0 36.3 455.7
1995 3,870 118 230.6 393.0 162.4 6.8 155.6
1996 3,809 93 256.9 425.3 168.4 29.6 138.8
1997 3,497 78 455.9 671.8 215.9 10.6 205.3
1998 2,475 60 171.4 269.8 98.4 4.6 93.7
1999 1,969 72 284.9 416.5 131.6 10.0 121.6
2000 1,882 60 272.0 383.6 111.5 6.7 104.8
2001 1,565 49 2,330.1 3,576.3 1,246.2 177.2 1,069.0
TOTAL 161,734 2,965 $7,595.7 $15,250.3 $7,654.5 $1,084.9 $6,569.6

Sources: PBGC Fiscal Year Closing File (9/30/01) and PBGC Case Administration System.
Due to rounding of individual items, values may not add up exactly across columns.
Claims figures shown in this table are calculated on a plan basis and identified with fiscal year of plan termination for each plan.
1975 termination and claims values are for 7/1/74 to 6/30/75. 1976 values are for 7/1/75 to 9/30/76. For 1977 on, values are for 10/1 of the prior calendar year to 9/30 of the current calendar year.
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 101 underfunded terminated plans during FY 2001, but only 49 of these plans had termination dates during FY 2001. 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.

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