Highlights

Single-Employer and Multiemployer Programs Combined (Dollars in millions)
Summary of Operations 2007 2005
Premium Income $1,500 $1,477
Losses from Plan Terminations $(6,155) $3,954
Investment Income $2,183 $3,976
Actuarial Charges and Adjustments $4,819 $490

Insurance Activity 2007 2005
Benefits Paid $4,083 $3,686
Retirees 611,930 682,820
Total Participants Receiving or Owed Benefits 1,271,000 1,296,000
New Underfunded Terminations 94 120
Terminated/Trusteed Plans (Cumulative) 3,683 3,595
SINGLE EMPLOYER AND MULTIEMPLOYER PROGRAMS COMBINED 2007 2005
Total Assets $61,138 $57,630
Total Liabilities $80,019 $80,741
Net Loss $4,230 $430
Net Position $(18,881) $(23,111)

Financial Position - Single-Employer Program 2007 2005
Total Assets $56,470 $56,470
Total Liabilities $79,246 $79,246
Net Loss $529 $529
Net Position $(22,776) $(22,776)

Financial Position - Multiemployer Program 2007 2005
Total Assets $1,160 $1,160
Total Liabilities $1,495 $1,495
Net Income (Loss) $(99) $(99)
Net Position $(335) $(335)

 

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