Table S-24 Funding of Underfunded PBGC-Insured Plans (1980-2000) Single-Employer
Program
Beginning of
Year |
Assets
(in millions) |
Liabilities*
(in millions)
|
Underfunding
(in millions)
|
Funding Ratio |
PBGC Rate |
1980 |
$53,840 |
$73,996 |
$20,156 |
73% |
8.50% |
1985 |
28,722 |
39,904 |
11,182 |
72% |
9.75% |
1986 |
41,780 |
56,499 |
14,719 |
74% |
8.50% |
1987 |
62,942 |
83,634 |
20,692 |
75% |
7.50% |
1988 |
68,920 |
91,261 |
22,341 |
76% |
8.25% |
1989 |
99,682 |
126,022 |
26,340 |
79% |
7.75% |
1990 |
95,068 |
130,758 |
35,689 |
73% |
7.25% |
1991 |
147,301 |
181,786 |
34,485 |
81% |
7.25% |
1992 |
172,372 |
219,900 |
47,528 |
78% |
6.25% |
1993 |
215,695 |
275,317 |
59,622 |
78% |
6.40% |
1994 |
308,516 |
384,085 |
75,569 |
80% |
5.65% |
1995 |
218,493 |
255,771 |
37,278 |
85% |
7.15% |
1996 |
493,597 |
576,668 |
83,071 |
86% |
5.30% |
1997 |
353,823 |
401,729 |
47,906 |
88% |
5.80% |
1998 |
358,514 |
407,756 |
49,242 |
88% |
5.40% |
1999 |
413,446 |
467,683 |
54,237 |
88% |
5.30% |
2000 |
61,047 |
67,416 |
6,369 |
91% |
7.00% |