Table M-3 PBGC Payees and Benefit Payments (1980-2003) Multiemployer Program
| |
|
PERIODIC
PENSION PAYMENTS |
| Fiscal
Year |
Payees in Year* |
Total
(in millions) |
Average Monthly
Payment |
Median Monthly Payment |
| 1980 |
4,100 |
$4 |
$77 |
$45 |
| 1985 |
3,100 |
4 |
91 |
45 |
| 1986 |
3,250 |
3 |
91 |
45 |
| 1987 |
2,800 |
3 |
92 |
45 |
| 1988 |
2,500 |
3 |
93 |
45 |
| 1989 |
2,310 |
3 |
95 |
45 |
| 1990 |
2,170 |
2 |
97 |
50 |
| 1991 |
1,990 |
2 |
98 |
51 |
| 1992 |
1,760 |
2 |
98 |
52 |
| 1993 |
1,590 |
2 |
99 |
53 |
| 1994 |
1,420 |
2 |
102 |
55 |
| 1995 |
1,300 |
2 |
102 |
55 |
| 1996 |
1,130 |
2 |
104 |
55 |
| 1997 |
1,000 |
1 |
102 |
55 |
| 1998 |
855 |
1 |
104 |
55 |
| 1999 |
738 |
1 |
106 |
62 |
| 2000 |
626 |
1 |
109 |
62 |
| 2001 |
510 |
1 |
112 |
77 |
| 2002 |
459 |
1 |
114 |
82 |
| 2003 |
389 |
1 |
117 |
90 |
Sources: PBGC Participant System (PRISM), fiscal year calculations, PBGC Management
Reports and PBGC Benefit Payment Reports.
Payments made on a quarterly, semi-annual or annual basis were converted to their
monthly equivalent.
* These payees were in the 10 multiemployer plans PBGC trusteed prior to October 1980. The Multiemployer Pension Plan Amendments Act of 1980 (MPPAA)
changed PBGC’s responsibility from trusteeship of troubled plans to providing financial assistance (loans) to insolvent multiemployer plans.
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