| Beginning of Year | (A) Form 5500 Filings (in billions) |
(B) Variable-Rate Premium (in billions) | (C) Section 4010 Filings (in billions) | (D) Reasonably Possible (in billions) |
|---|---|---|---|---|
| 1990 | $35.69 | $41.28 | ---- | $8.00 |
| 1991 | 34.48 | 43.32 | ---- | 13.00 |
| 1992 | 47.53 | 53.66 | ---- | 12.36 |
| 1993 | 59.62 | 43.80 | ---- | 13.06 |
| 1994 | 75.57 | 65.67 | ---- | 18.23 |
| 1995 | 37.28 | 33.37 | ---- | 14.56 |
| 1996 | 83.07 | 82.23 | $38.10 | 22.47 |
| 1997 | 47.91 | 51.57 | 28.70 | 20.73 |
| 1998 | 49.24 | 37.23 | 25.20 | 15.38 |
| 1999 | 54.24 | 28.86 | 34.90 | 17.50 |
| 2000 | 6.57 | 17.79 | 7.37 | 3.79 |
| 2001 | 33.36 | 18.72 | 19.46 | 9.54 |
| 2002 | ---- | 14.78 | 95.57 | 34.10 |
| 2003 | ---- | 34.00 | 273.37 | 83.92 |
Definitions:
(A) Underfunding calculated from Internal Revenue Service Form 5500 filings
for single-employer plans. 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 1990-1992 and GAM-83 for 1993-2001.
(B) Underfunding data from PBGC premium filings used to calculate the Variable-Rate
Premium.
(C) Data from filings made under Section 4010 of ERISA, which requires that
companies annually provide PBGC with information on their underfunded plans
if the firm’s aggregate underfunding exceeds $50 million or there is an outstanding
lien for missed contributions exceeding $1 million or an outstanding funding
waiver of more than $1 million.
(D) Underfunding for plan sponsors with less than investment-grade bond ratings.
Only (A) represents the universe of PBGC-insured plans. Firms and plans included in (B), (C) and (D) totals may differ from year to year.