Net Position of PBGC’s
Single-Employer Program (1980-2001)
- PBGC’s single-employer program was in deficit until 1996.
- The highest reported deficit was $2.9 billion in 1993.
- The surplus reached a historic high of $9.7 billion in 2000.
Reference Table S-1 of the PBGC Pension Insurance Data Book 2001.
Source: PBGC Annual Reports (1980-2001).
PBGC’s Net Position is the difference (with some adjustments) between the insurance program’s total assets and total liabilities.
The originally reported $3.8 billion deficit in 1986 decreased after a Supreme Court ruling restored three pension plans and returned their pension obligations of $1.8 billion to LTV Corporation.
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