(Dollars
in millions) |
2002 |
2001 |
Single-Employer
and Multiemployer Programs Combined |
|
Summary of Operations |
|
Premium Income |
$ 812 |
$ 845 |
Losses from Plan Terminations |
$ 9,313 |
$ 705 |
Investment Income (Loss) |
$ 288 |
$ (748) |
Actuarial Charges |
$ 2,802 |
$ 1,083 |
|
|
Insurance Activity |
|
Benefits Paid |
$ 1,538 |
$ 1,044 |
Retirees |
$ 344,770 |
$ 268,600 |
Total
Participants in Terminated |
|
and Multiemployer Plans |
$ 783,000 |
$ 624,000 |
New Underfunded Terminations |
$ 157 |
$ 101 |
Terminated/Trusteed Plans (Cumulative) |
$ 3,132 |
$ 2,975 |
|
|
Financial Position |
|
Single-Employer Program |
|
Total Assets |
$ 25,430 |
$ 21,768 |
Total Liabilities |
$ 29,068 |
$ 14,036 |
Net Loss |
$ (11,370) |
$ (1,972) |
Net Position |
$ (3,638) |
$ 7,732 |
|
|
Multiemployer Program |
|
Total Assets |
$ 944 |
$ 807 |
Total Liabilities |
$ 786 |
$ 691 |
Net Income (Loss) |
$ 42 |
$ (151) |
Net Position |
$ 158 |
$ 116 |
|
|
|