Table S-1 Net Financial Position of PBGC's Single-Employer Program (1980-2005)

Fiscal Year Assets (in millions) Liabilities (in millions) Net Position (in millions)
1980 $430 $524 -$95
1985 1,155 2,480 -1,325
1990 2,797 4,710 -1,913
1991 5,422 7,925 -2,503
1992 6,381 9,118 -2,737
1993 8,267 11,164 -2,897
1994 8,281 9,521 -1,240
1995 10,371 10,686 -315
1996 12,043 11,174 869
1997 15,314 11,833 3,481
1998 17,631 12,619 5,012
1999 18,431 11,393 7,038
2000 20,830 11,126 9,704
2001 21,768 14,036 7,732
2002 25,430 29,068 -3,638
2003 34,016 45,254 -11,238
2004 38,993 62,298 -23,305
2005 56,470 79,246 -22,776
Source: PBGC Annual Reports (1980-2005).
*The originally reported $3.8 billion deficit in 1986 decreased after a Supreme Court ruling restored three pension plans and returned their pension obligations of $1.8 billion to LTV Corporation.
Due to rounding of individual items, numbers may not add exactly across columns.

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