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Single-Employer Program
Fiscal Year Ended September 30,
(Dollars in millions) 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Summary of Operations:
Premium income $1,402 1,476 1,442

1,451

1,458

948

787

821

807

902

Other income 23       55   79 44 24 28 28 23 5 3
Investment income (loss) (4,164)         4,737    2,184 3,897 3,197 3,349 170

    (843)

2,392         728
Actuarial charges and adjustments (credits) (4,813)           346    4,819 490 1,787 6,161 2,802 1,082 453 (602)
Losses (credits) from completed and probable terminations

(826)

 399 (6,155) 3,954 14,707 5,377 9,313 705 (80) 49
Administrative and investment expenses 400 378 405 342 288 290 225 184 167 161
Other expenses 67 114   2 77    (36) 97 15 2 (2) (1)
Net income (loss) 2,433 5,031    4,634 529 (12,067) (7,600) (11,370) (1,972) 2,666 2,026
Summary of Financial Position:
Cash and investments 49,051 61,122 57,728 54,387 36,254 33,215 24,851 21,010 20,409 17,965
Total assets 61,648 67,241 59,972 56,470 38,993 34,016 25,430 21,768 20,830 18,431
Present value of future benefits 59,996 69,235 69,143 69,737 60,836 44,641 28,619 13,497  10,631 11,073
Net position (10,678) (13,111) (18,142)

(22,776)

(23,305)

(11,238)

(3,638) 7,732 9,704 7,038
Insurance Activity:
Benefits paid 4,292 4,266 4,082 3,685 3,006 2,488 1,537 1,043 902 901
Participants receiving monthly benefits at end of year 640,070 631,130 612,630 682,540 517,900 458,800 344,310 268,090 226,080 214,160
Plans trusteed and pending

trusteeship by PBGC		 3,850 3,783 3,673 3,585 3,469 3,277 3,122  2,965 2,864 2,775