Table S-42 - Funding of Overfunded PBGC-Insured Plans (1980-2001) Single-Employer
Program
| Beginning of Year |
Assets (in millions) |
Liabilities* (in millions) |
Overfunding (in millions) |
Funding Ratio |
PBGC Rate |
| 1980 |
$205,970 |
$138,076 |
$67,894 |
149% |
8.50% |
| 1985 |
471,951 |
268,713 |
203,238 |
176% |
9.75% |
| 1986 |
577,710 |
349,619 |
228,091 |
165% |
8.50% |
| 1987 |
581,297 |
379,621 |
201,676 |
153% |
7.50% |
| 1988 |
571,821 |
359,583 |
212,238 |
159% |
8.25% |
| 1989 |
596,464 |
391,204 |
205,260 |
152% |
7.75% |
| 1990 |
742,063 |
473,289 |
268,773 |
157% |
7.25% |
| 1991 |
700,950 |
506,110 |
194,840 |
138% |
7.25% |
| 1992 |
743,350 |
551,520 |
191,829 |
135% |
6.25% |
| 1993 |
736,277 |
569,486 |
166,791 |
129% |
6.40% |
| 1994 |
692,613 |
552,613 |
140,000 |
125% |
5.65% |
| 1995 |
814,009 |
631,959 |
182,050 |
129% |
7.15% |
| 1996 |
704,624 |
557,526 |
147,098 |
126% |
5.30% |
| 1997 |
1,014,365 |
790,494 |
223,871 |
128% |
5.80% |
| 1998 |
1,132,974 |
876,969 |
256,005 |
129% |
5.40% |
| 1999 |
1,279,309 |
987,785 |
291,524 |
130% |
5.30% |
| 2000 |
1,772,966 |
1,201,563 |
571,403 |
148% |
7.00% |
| 2001 |
1,429,311 |
1,041,961 |
387,349 |
137% |
6.40% |
Source: Internal Revenue Service Form 5500 Series Filings for single-employer
plans. Data for plan years prior to 1999 include only plans with 100 or more participants.
Estimates for 2000 reported last year have been updated.
Due to rounding of individual items, numbers may not add up across columns.
* Vested liabilities have been adjusted to the PBGC rate that, along with an assumed
mortality table, reflects the cost to purchase an annuity at the beginning of
the relevant year.
The assumed mortality table was UP-84 for 1980-1992 and GAM-83 for 1993-2001.
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