Table S-20 PBGC Benefit Payments, Payees and Deferred Payees (1980-2003) Single-Employer
Program
|
PERIODIC PENSION PAYMENTS |
LUMP SUM PAYMENTS |
ALL PAYMENTS |
Fiscal Year |
Total (in millions) |
Payees in Year (in thousands) |
Average Monthly Payment |
Median Monthly Payment |
Total (in millions) |
Payees in Year (in thousands) |
Average Payment |
Total (in millions) |
Payees in Year (in thousands) |
Deferred Payees (in thousands) |
1980 |
$34 |
28 |
$124 |
$91 |
$3 |
2 |
$1,623 |
$37 |
30 |
25 |
1985 |
166 |
75 |
226 |
128 |
4 |
2 |
1,782 |
170 |
77 |
92 |
1990 |
356 |
110 |
262 |
184 |
13 |
6 |
2,437 |
369 |
116 |
85 |
1991 |
499 |
140 |
338 |
189 |
15 |
6 |
2,558 |
514 |
146 |
171 |
1992 |
617 |
150 |
359 |
232 |
17 |
6 |
3,078 |
634 |
156 |
170 |
1993 |
704 |
157 |
379 |
234 |
16 |
5 |
2,686 |
720 |
162 |
162 |
1994 |
699 |
170 |
359 |
238 |
20 |
7 |
2,818 |
719 |
176 |
163 |
1995 |
739 |
182 |
344 |
232 |
22 |
6 |
3,335 |
761 |
187 |
163 |
1996 |
770 |
199 |
328 |
225 |
20 |
7 |
2,757 |
790 |
206 |
182 |
1997 |
800 |
204 |
316 |
212 |
23 |
9 |
2,629 |
823 |
213 |
202 |
1998 |
826 |
208 |
313 |
208 |
21 |
9 |
2,198 |
847 |
216 |
213 |
1999 |
844 |
214 |
311 |
208 |
56 |
16 |
3,553 |
901 |
229 |
225 |
2000 |
831 |
226 |
309 |
206 |
71 |
19 |
3,726 |
902 |
243 |
226 |
2001 |
954 |
266 |
325 |
208 |
88 |
18 |
4,817 |
1,042 |
283 |
246 |
2002 |
1,458 |
343 |
383 |
242 |
79 |
21 |
3,757 |
1,537 |
362 |
326 |
2003 |
2,401 |
457 |
453 |
275 |
87 |
22 |
4,220 |
2,488 |
477 |
375 |
Sources: PBGC Participant System (PRISM), fiscal year calculations, PBGC Management
Reports and PBGC Benefit Payment Reports.
Lump sum payments include cash-outs of pensions with de minimis present values
and backpayments to current pensioners.
Since some payees received both pensions and lump sum payments, total number of
payees may be less than the sum of pensioners and lump sum recipients.
Excludes participants in plans that are in probable termination status as of end
of fiscal year.
Annual deferred payee totals have been adjusted to reflect subsequent improvements
in data quality.
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