The Pension Benefit Guaranty Corporation (PBGC) has updated its Pension Insurance Data Tables by providing the first installment of 2019 data concerning its Single-Employer and Multiemployer Programs and the private defined benefit pension system. 
Highlights of information from this installment include:
Single-Employer Program
Overall Picture. The latest figures concerning the financial position of the PBGC’s Single-Employer Program show that it has a positive balance of more than $15 billion. More specifically:
- Assets: $143.472 billion
- Liabilities: $127.994 billion
- Net Position: $15.478 billion
Premiums and Benefits. The PBGC is paying more than in benefits that it is bringing in from premiums, the report shows.
- Premiums: $5.663 billion
- Benefits paid: $6.125 billion
- Administrative and Investment Expenses: $538 million
- Premiums, minus benefits paid and administrative and investment expenses: –$1 billion
Claims. The PBGC reports that in 2019, there were claims on the single-employer program of $1,493,295,357. Almost of all of that—92.9%—were from the top 10 firms from which claims were made: United Airlines, Delphi, Bethlehem Steel, US Airways, LYV Steel, Delta Air Lines, Sears Holdings, National Steel, Avaya and Pan
Trusteed Plans. The PBGC reports that in 2019, the number of 29 trusteed plans was cut nearly in half, from 53 in 2018 to 29 the year after.
Multiemployer Program
The PBGC reports that its multiemployer program remains underwater, with assets of $3.144 billion, but liabilities of $66.893 billion, for a deficit of $63.749 billion. Still, not all the news is bad: the PBGC reports that the program most recently has brought in $322 million in premium revenue, but has provided benefit payments of less than $500,000 and has provided net financial assistance of $173 million and paid $42 million in administrative and incidental expenses—for a net of +$107 million.
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