Valuation Statistics

The FY 2004 valuation for the single employer program included approximately 961,000 participants owed future payments in terminated plans as of September 30, 2004 and approximately 335,000 participants in plans that will probably terminate. For the multiemployer program, the FY 2004 valuation included, as of September 30, 2004, 369 participants in terminated pre-MPPAA plans and approximately 100,000 participants in plans receiving or expected to receive financial assistance. Of these, about 507,000 participants from terminated single-employer plans and 350 participants from terminated multiemployer plans were receiving benefits from PBGC at fiscal year-end.

The average monthly benefit, including supplemental benefits, paid by PBGC for participants in pay status during FY 2004 was $501 for the single-employer program and $120 for the multiemployer program. The average benefit paid was $500 for both programs combined.

Tables 3 through 6 summarize the detailed results of the seriatim and nonseriatim valuations for both the single-employer and multiemployer programs.

Table 3 - Liability for Pay-Status Recipients in "Seriatim at FYE" Method

Table 4 - Liability for Deferred Participants in "Seriatim at FYE" Method

Table 5 - Seriatim at DOPT and Nonseriatim Liability

Table 6a - Distribution of Single-Employer Liability (including 4022(c)) by Trusteeship Status, Recipient Status, and Valuation Method

Table 6b - Distribution of Single-Employer Populations (including 4022(c)) by Trusteeship Status, Recipient Status, and Valuation Method

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