PBGC Data Tables – 2018

The Pension Benefit Guaranty Corporation (PBGC) has updated the 2018 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 information specific to critical and declining plans.

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

  • S-1: Single Employer Funded Status in millions: $128,0686 Assets – $119,412 Liabilities = $8,656 Surplus
  • S-2: Single Employer PBGC Cash Flow in millions: $6,352 premiums – $6,020 payouts – $488 expenses = -$156 loss
  • S-36: Of 22,527 Single Employer plans 7,479 (33.2%) have a benefit accrual and/or participant freeze
  • M-1: Multiemployer PBGC Position in millions: $2,858 Assets – $68,024 Liabilities = -$65,166 Deficit

18 responses to this post.

  1. Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on October 7, 2020 at 3:21 am

    The PBGC is BK. It was basically DOA before Covid-19, now it is 6 feet under. Like all the BLUE states with massive public employee pension funds.

    Reply

    • Posted by Anonymous on October 7, 2020 at 9:24 am

      Do you know how much money do the red States except from the government every year?

      Reply

      • Posted by NJ2AZ on October 7, 2020 at 11:15 am

        the question is what does it look like once you account for “non mooching” money like military spending, SS, etc etc.

        also fair to question how much of the “blue to red state” transfer is just a symptom of our monetary union coupled with the fact that high cost of living states have essentially devalued the dollar within their borders?

        I don’t have the answers to these questions, but i know its not as simple as “This state pays X to the feds and gets Y back”

        Reply

        • Posted by MJF on October 7, 2020 at 1:08 pm

          Figuring out where the money goes is like deconstructing a bar fight. Who knows who hit who with what. All ya gots is the the mud and the blood and the beer. Hello I’m Johnny Cash.

          Reply

          • Posted by Rex the Wonder Dog! 🐶🐶🐶🦴🦴🦴 on October 7, 2020 at 11:16 pm

            Figuring out where the money goes is like deconstructing a bar fight. Who knows who hit who with what. All ya gots is the the mud and the blood and the beer. Hello I’m Johnny Cash.
            I am going with MJF ^^^^^^^^^^^😘😍😘

  2. Posted by Tough Love on October 7, 2020 at 11:58 am

    News ………..

    Article: “Don Jr. Thinks Trump Is Acting Crazy”: The President’s COVID Joyride Has the Family Divided

    https://www.vanityfair.com/news/2020/10/don-jr-thinks-trump-is-acting-crazy-presidents-covid-joyride-has-family-divided

    “Donald Trump’s erratic and reckless behavior in the last 24 hours has opened a rift in the Trump family over how to rein in the out-of-control president, according to two Republicans briefed on the family conversations. Sources said Donald Trump Jr. is deeply upset by his father’s decision to drive around Walter Reed National Military Medical Center last night with members of the Secret Service while he was infected with COVID-19. “Don Jr. thinks Trump is acting crazy,” one of the sources told me. The stunt outraged medical experts, including an attending physician at Walter Reed.

    According to sources, Don Jr. has told friends that he tried lobbying Ivanka Trump, Eric Trump, and Jared Kushner to convince the president that he needs to stop acting unstable. “Don Jr. has said he wants to stage an intervention, but Jared and Ivanka keep telling Trump how great he’s doing,” a source said. Don Jr. is said to be reluctant to confront his father alone. “Don said, ‘I’m not going to be the only one to tell him he’s acting crazy,’” the source added. ”
    ——————————–

    He’s crazy !

    We need to throw Trump out via the 25-th Amendment ……… now.

    Reply

  3. Rivendell bicycle works is giving a 45% off discount to black customers regardless of ability to pay. I now know never to buy their products…..how is it fair to charge a different price to someone based solely on the color of their skin??? A CA company. Figures.
    Why should a wealthy black person pay 45% less than a poor white person? How is that not racism???

    Reply

    • And at this point, I don’t even think that Trump wants to get re elected. 🤷‍♂️ I didn’t think he wanted it in 2016. Doesn’t matter—I voted for him anyway. Sick of the liberal nonsense in this country, next Ben and jerrys will have black folks get free ice cream Friday’s.

      Reply

      • Posted by Tough Love on October 7, 2020 at 2:50 pm

        Trump flips directions faster than automatic waffle-maker.

        ONLY one thing drives ALL decisions ……. will it help my re-election prospects. Not a thought as to whether it’s good for America or it’s citizens.

        Even his kids know he’s crazy.

        Reply

      • Ego.

        More powerful than money.

        More powerful than family.

        Sure as hell more important than you or me or 320,000,000 Americans.

        “Trump is losing it, but what he really fears is being a loser
        Trump’s toothless threat to postpone the election underscores that he doesn’t care about dragging Republicans down with him”

        The Colorado Sun, AUG 2, 2020

        Reply

    • Posted by Tough Love on October 7, 2020 at 2:46 pm

      Seems like the 45% of is just to get some free PR via the news. The price for ALL walk-ins is the same 45% off.

      Quoting from their website …

      “BRP is the same 45 percent (retail x 0.55) we’ve offered to walk-ins.”

      Reply

    • “…we’ve…” offered ?

      Past tense?

      Reply

  4. Posted by Tough Love on October 7, 2020 at 6:51 pm

    Just out …………..

    “Prestigious medical journal calls for US leadership to be voted out over Covid-19 failure”

    https://www.cnn.com/2020/10/07/health/nejm-editorial-political-leadership-bn/index.html

    Quoting ……….

    In an unprecedented move, the New England Journal of Medicine on Wednesday published an editorial written by its editors condemning the Trump administration for its response to the Covid-19 pandemic — and calling for the current leadership in the United States to be voted out of office.

    “We rarely publish editorials signed by all the editors,” said Dr. Eric Rubin, editor-in-chief of the medical journal and an author of the new editorial.

    The editorial, which Rubin said was drafted in August, details how the United States leads the world in Covid-19 cases and deaths. So far, more than 7.5 million people in the United States have been diagnosed with Covid-19 and more than 200,000 people have died of the disease.

    “This crisis has produced a test of leadership. With no good options to combat a novel pathogen, countries were forced to make hard choices about how to respond. Here in the United States, our leaders have failed that test. They have taken a crisis and turned it into a tragedy,” the editorial says.

    “Anyone else who recklessly squandered lives and money in this way would be suffering legal consequences. Our leaders have largely claimed immunity for their actions. But this election gives us the power to render judgment,” the editorial says. “When it comes to the response to the largest public health crisis of our time, our current political leaders have demonstrated that they are dangerously incompetent. We should not abet them and enable the deaths of thousands more Americans by allowing them to keep their jobs.”

    Reply

    • Posted by Tough Love on October 7, 2020 at 6:53 pm

      more detail ……..

      “”The reason we’ve never published an editorial about elections is we’re not a political journal and I don’t think that we want to be a political journal — but the issue here is around fact, not around opinion. There have been many mistakes made that were not only foolish but reckless and I think we want people to realize that there are truths here, not just opinions,” Rubin said.

      “For example, masks work. Social distancing works. Quarantine and isolation work. They’re not opinions. Deciding not to use them is maybe a political decision but trying to suggest that they’re not real is imaginary and dangerous,” he said. “We don’t have the right leaders for this epidemic. I think we need better leadership.””

      Reply

    • Posted by Tough Love on October 7, 2020 at 6:54 pm

      And more ……..

      “The New England Journal of Medicine is not the only medical or scientific publication to take a political stance amid the pandemic and ahead of this November’s presidential election.

      In September, the magazine Scientific American announced it was endorsing former vice president and Democratic candidate Joe Biden over President Trump, who it criticized for dismissing science. That announcement marked the publication’s first endorsement of a presidential candidate in its 175-year history.”

      Reply

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