Table M-12 Plans, Participants and Funding of PBGC-Insured Plans by Funding Ratio (2000)Multiemployer Program

Funding Ratio Plans Participants in thousands) Total Liabilities* (in millions) Underfunding (in millions)
Under 40% 16 0.9% 32 0.3% $2,522 0.8% $1,860 8.4%
40% - 49% 5 0.3% 56 0.6% 623 0.2% 326 1.5%
50% - 59% 18 1.0% 161 1.8% 5,482 1.7% 2,270 10.2%
60% - 69% 28 1.6% 170 1.9% 5,046 1.6% 1,676 7.5%
70% - 79% 95 5.4% 729 8.0% 39,631 12.5% 9,713 43.7%
80% - 89% 184 10.6% 728 8.0% 32,878 10.3% 4,737 21.3%
90% - 99% 289 16.6% 1,442 15.8% 42,773 13.5% 1,653 7.4%
100% - 109% 335 19.2% 1,999 21.9% 68,981 21.7% --- ---
110% - 119% 260 14.9% 1,238 13.6% 47,001 14.8% --- ---
120% - 129% 213 12.2% 999 10.9% 37,082 11.7% --- ---
130% - 139% 130 7.5% 783 8.6% 17,880 5.6% --- ---
140% - 149% 65 3.7% 323 3.5% 7,644 2.4% --- ---
150% and over 106 6.1% 472 5.2% 10,277 3.2% --- ---
TOTAL 1,744 100.0% 9,132 100.0% $317,820 100.0% $22,235 100.0%
UNDERFUNDED 635 36.4% 3,318 36.3% $128,954 40.6% $22,235 100.0%
OVERFUNDED 1,109 63.6% 5,814 63.7% $188,866 59.4% --- ---
Source: Internal Revenue Service Form 5500 Series Filings for multiemployer plans.
*Vested liabilities have been adjusted to an interest rate that, along with the GAM-83 mortality table, reflects the cost to purchase an annuity at the beginning of 2000.

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