PBGC Data Tables

The Pension Benefit Guaranty Corporation (PBGC) has updated the 2016 Data Tables, which includes statistics for PBGC’s single-employer and multiemployer programs and for the private defined benefit pension system. This installment provides information about plan funding levels, demographics, and premiums, and multiemployer plan zone status, including, for the first time, information specific to critical and declining plans.

Good compendium drawn from 5500 and PBGC data with, for me, these highlights:

  • S-1: Single Employer Deficit 2017 in millions: $106,196 Assets – $117,110 Liabilities = -$10,914
  • S-2: Single Employer Cash Flow 2017 in millions: $6,739 premiums – $5,699 payouts – $481 expenses = $559 profit
  • S-36: Of 22,166 Single Employer plans 7,888 (28%) have a benefit accrual and/or participant freeze
  • M-1: Multiemployer Deficit 2017 in millions: $2,262 Assets – $67,314 Liabilities = -$65,052

4 responses to this post.

  1. “M-1: Multiemployer Deficit 2017 in millions: $2,262 Assets – $67,314 Liabilities = -$65,052”
    That is a shocking statistic. And sad. You have to wonder HOW (as well as WHY) this once great country, where everyone at one time benefited from a strong and prosperous economy, fell to the low it is today… 😦


    • Posted by Stanley on July 24, 2018 at 10:54 pm

      It will vary from family to family, but I don’t know that we are in such difficult straits. And I don’t think that it will hurt most people to live with reduced means. A person can have a very excellent diet on not much money. And water is good for you and tap water isn’t very expensive. And how much does it cost to go for a walk or go cycling? Or check out books or movies at the library?

      IMO, the real tragedy will be promoting the idea that people are not responsible for their own well being. Reality always stands ready to mete out corrective action, like it or not. These retired union boys do receive social security and surely they have been well aware of this issue for some time. And have had time to make the necessary adjustments to spending.


    • Posted by geo8rge on July 25, 2018 at 10:07 am

      ” HOW (as well as WHY) ”

      Ever since 9 11 huge amounts of money were spent on the Global War on Terror. Those expenditures are real and produce no return on investment, they may even be making the US less secure and strengthening potential adversaries.

      If you can’t see it, the lack of funding can be seen in the underfunded pensions and deferred maintenance. For example, the inability to construct a new tunnel from NJ to NY and the entire NJT system. The huge amount of wealth that disappeared into the GWOT are already apparent to NJT riders, Puerto Ricans, the water crisis in Flint Mi and the diversion of sales tax to pensions in Harvey Illinois.

      I personally wonder if NJ should pay anything for a tunnel that just makes it easier to commute to NY. A lot of Manhattan real estate is quaint but decrepit, why not just build new office space in NJ and PA instead of a tunnel to a small island off the Atlantic coast? NY can build the tunnel and make it toll-free for NY residents.


  2. Posted by geo8rge on July 25, 2018 at 10:11 am

    “M-1: Multiemployer Deficit 2017 in millions: -$65 billion.” I think they are referring to what it would require to meet the minimum PBGC guarantee which I don’t think includes health benefits. Many retirees probably collect more in cash payments than the minimum guarantee.


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