Financial Summary - Single-Employer Program
|
Fiscal Year Ended September 30, |
(Dollars in millions) |
2007 |
2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
1999 |
1998 |
1997 |
Summary of Operations: |
Premium income |
$1,442 |
1,451 |
1,458 |
948 |
787 |
821 |
807 |
902 |
966 |
1,067 |
Other income |
$79 |
44 |
24 |
28 |
28 |
23 |
5 |
3 |
10 |
19 |
Investment income (loss) |
$2,184 |
3,897 |
3,197 |
3,349 |
170 |
(843) |
2,392 |
728 |
2,118 |
2,687 |
Actuarial charges (credits) |
$4,819 |
490 |
1,787 |
6,161 |
2,802 |
1,082 |
453 |
(602) |
815 |
488 |
Losses (credits) from completed and probable terminations |
$(6,155) |
3,954 |
14,707 |
5,377 |
9,313 |
705 |
(80) |
(80) |
|
489 |
Administrative and investment expenses |
$405 |
342 |
288 |
290 |
225 |
184 |
167 |
161 |
158 |
155 |
Other expenses |
$2 |
77 |
(36) |
97 |
15 |
2 |
(2) |
(1) |
6 |
29 |
Net income (loss) |
$4,634 |
529 |
(12,067) |
(7,600) |
(11,370) |
(1,972) |
2,666 |
2,026 |
1,531 |
2,612 |
Summary of Financial Position: |
Cash and investments |
$57,728 |
54,387 |
36,254 |
33,215 |
24,851 |
21,010 |
20,409 |
17,965 |
17,345 |
14,988 |
Total assets |
$59,972 |
56,470 |
38,993 |
34,016 |
25,430 |
21,768 |
20,830 |
18,431 |
17,631 |
15,314 |
Present value of future benefits |
$69,143 |
69,737 |
60,836 |
44,641 |
28,619 |
13,497 |
10,631 |
11,073 |
12,281 |
11,497 |
Net position |
$(18,142) |
(22,776) |
(23,305) |
(11,238) |
(3,638) |
7,732 |
9,704 |
7,038 |
5,012 |
3,481 |
Insurance Activity: |
Benefits paid |
$4,082 |
3,685 |
3,006 |
2,488 |
1,537 |
1,043 |
902 |
901 |
847 |
823 |
Participants receiving monthly benefits from PBGC at end of year |
611,690 |
628,640 |
517,900 |
458,800 |
344,310 |
268,090 |
226,080 |
214,160 |
208,450 |
204,800 |
Plans receiving financial assistance from PBGC |
3,673 |
3,585 |
3,469 |
3,277 |
3,122 |
2,965 |
2,864 |
2,775 |
2,655 |
2,500 |
Financial Summary - Multiemployer Program
|
Fiscal Year Ended September 30, |
(Dollars in millions) |
2007 |
2005 |
2004 |
2003 |
2002 |
2001 |
2000 |
1999 |
1998 |
1997 |
Summary of Operations: |
Premium income |
$58 |
26 |
27 |
25 |
25 |
24 |
24 |
23 |
23 |
23 |
Other income |
$0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Investment income (loss) |
$(1) |
79 |
54 |
37 |
118 |
95 |
70 |
(56) |
133 |
68 |
Actuarial charges (credits) |
$0 |
0 |
1 |
1 |
0 |
1 |
0 |
0 |
0 |
(1) |
Losses (credits) from completed and probable terminations |
$461 |
204 |
55 |
480 |
101 |
269 |
26 |
109 |
34 |
(3) |
Administrative and investment expenses |
$0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
Net income (loss) |
$(404) |
(99) |
25 |
(419) |
42 |
(151) |
68 |
(142) |
122 |
95 |
Summary of Financial Position: |
Cash and investments |
$1,164 |
1,147 |
1,057 |
984 |
933 |
796 |
682 |
681 |
736 |
585 |
Total assets |
$1,166 |
1,160 |
1,070 |
1,000 |
944 |
807 |
694 |
692 |
745 |
596 |
Present value of future benefits |
$2 |
2 |
3 |
3 |
3 |
4 |
4 |
5 |
6 |
7 |
Net position |
$(739) |
(335) |
(236) |
(261) |
158 |
116 |
267 |
199 |
341 |
219 |
Insurance Activity: |
Benefits paid |
$1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
Participants receiving monthly benefits from PBGC at end of year |
240 |
280 |
320 |
390 |
460 |
510 |
620 |
730 |
850 |
1,000 |
Plans receiving financial assistance from PBGC |
33 |
29 |
27 |
24 |
23 |
22 |
21 |
21 |
18 |
14 |
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