Chart 1
The Value of the PBGC Single Employer
Program Has Declined to Historic Lows
(Net Position Assets Less Liabilities)
Date $ Millions
1980 -95
1981 -189
1982 -333
1983 -523
1984 -462
1985 -1,325
1986 -2,026
1987 -1,549
1988 -1,543
1989 -1,124
1990 -1,913
1991 -2,503
1992 -2,737
1993 -2,897
1994 -1,240
1995 -315
1996 869
1997 3,481
1998 5,012
1999 7,038
2000 9,704
2001 7,732
2002 -3,638
Aug-2003 -8,800
Source: Pension Benefit Guaranty Corporation, August 2003 estimate is from testimony provided September 15, 2003 to Congress.