| What is your Pension worth in today’s dollars?
If you retired from any Verizon company in 1990, your pension buying power is 69% less than it was when you retired. That means that today it would take $1,693.30 to buy what $1,000 would buy in 1990.
We are working hard to get pension increases for all retirees. |
VERIZON PENSION PLAN STATUS
(CONSOLIDATED NYNEX & BELL ATLANTIC)
in millions of dollars
| Year |
Beginning Balance |
Earnings |
Benefits Paid |
Ending Balance |
Fund Net Change |
Excess Funds |
|---|---|---|---|---|---|---|
| 1996 | $28,988 | $4,298 | $1,955 | $31,066 | $2,078 | N/A |
| 1997 | 31,066 | 6,194 | 2,042 | 35,253 | 4,187 | 8,521 |
| 1998 | 35,253 | 4,019 | 2,371 | 36,967 | 1,717 | 8,886 |
| 1999 | 36,967 | 6,214 | 2,713 | 40,502 | 3,535 | 15,064 |
VERIZON PENSION PLAN STATUS
(CONSOLIDATED GTE& BELL ATLANTIC)
After Merger
in Millions of Dollars
Negative numbers shown in ( )
|
Year |
Beginning |
Earnings |
Benefits |
Ending |
Fund |
Excess |
|
1999 |
54,915 |
9,129 |
4,903 |
59,141 |
4,226 |
26,145 |
|
2000 |
59,141 | 1,294 | 5,210 | 55,225 | (3,972) | 22,089 |
| 2001 | 55,225 | (3,063) | 3,851 | 48,558 | (6,667) | 12,167 |
| 2002 | 48,558 | (4,678) | 5,892 | 38,676 | (9,882) | 768 |
| 2003 | 38,676 | 8,671 | 3,925 | 42,841 | 4,165 | 1,798 |
| 2004 | 42,841 | 4,874 | 8,989 | 39,106 | (3,735) | 1,711 |
| 2005 | 39,106 | 4,246 | 2,977 | 40,990 | 1,884 | 3,429 |
| 2006 | 40,990 | 5,536 | 2,762 | 41,509 | 519 | 7,350 |
| 2007 | 41,509 | 4,591 | 4,204 | 42,659 | 1,150 | 10,164 |
|
2008 |
42,659 |
(10,280) |
2,577 |
27,791 |
(14,868) |
(2,603) |
|
2009 |
27,791 |
4,793 |
2,565 |
28,592 |
801 |
(3,226) |
| 2010 | 28,592 | 3,089 | 1,996 | 25,814 | (2,778) | (3,403) |
| 2011 | 25,814 | 1,191 | 2,564 | 24,110 | (1,704) | (6,472) |
Source: Verizon Annual Reports
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