Pension Benefit Guaranty Corporation federal obligations

Few awards under a $23.3 billion PBGC book

The precise total is $23,251,134,511.76. Divided by 1,240 awards, the implied mean is about $18.8 million per award. Large financial, custody, or program-support vehicles can occupy a thin row count while carrying most of the book. This packet does not split the 1,240 records by instrument, so the mean is not a typical participant payment.

Fiscal year 2026 is the latest year. The $23,251,134,511.76 sum is cumulative through that cap. USAspending.gov is the source.

That mix is the research takeaway from the two packet facts together. 1,240 awards at a mean near $18.8 million describe a concentrated file, not mass participant payments. A later extract can change both the dollar total and the award count as large financial or custody vehicles inside FY 2026 can move the mean quickly.

CGAC 1602 in the URL

SpendingVault keys PBGC to /agencies/1602/. The four-digit identifier 1602 is the awarding-agency code for this rollup, adjacent to Labor’s 1601 in this extract’s numbering. The $23,251,134,511.76 total and 1,240 award count belong to 1602. The award count is not a count of insured plans or retirees.

USAspending versus PBGC insurance accounts

Single-employer and multiemployer insurance programs have their own financial statements. This hub cites $23,251,134,511.76 in USAspending obligations through FY 2026 on 1,240 awards. Premium collections, deficit estimates, and participant counts are not in the packet. Outlays are omitted.

Researchers sometimes treat an agency obligation total as cash already paid. For Pension Benefit Guaranty Corporation, that reading is wrong. Insurance-program deficits, premium collections, participant counts, or insured-plan censuses belong in other publications. The USAspending figure on this hub remains an obligation sum through FY 2026. Large financial or custody vehicles inside FY 2026 can move the mean quickly.

State geography for CGAC 1602

With only 1,240 awards, a handful of headquarters-coded contracts can dominate state cells. The geography view is a coding table for the $23,251,134,511.76 book through FY 2026, not a map of underfunded plans.

Place-of-performance is a coding field, not a complete economic-impact model. On this agency, a handful of headquarters-coded contracts can dominate state cells on a 1,240-row file. Read the state table after the agency hub, not instead of it. Read /agencies/1602/ as four-digit CGAC 1602, adjacent to Labor’s 1601 in this extract’s numbering.

PBGC on the all-agencies list

Compare $23,251,134,511.76 and 1,240 awards only with other obligation totals from this extract. A low row count with a high mean is a size-mix fact. The hub does not advise plan sponsors.

The all-agencies list is useful only inside this extract’s obligation definition and FY 2026 cap. 1,240 awards at a mean near $18.8 million describe a concentrated file, not mass participant payments. Ranking on dollars alone hides that mix. Read /agencies/1602/ as four-digit CGAC 1602, adjacent to Labor’s 1601 in this extract’s numbering.

PBGC’s thin file and high mean

With 1,240 records carrying $23,251,134,511.76, the implied mean near $18.8 million is expected. It is not a typical participant payment. Instrument splits are not in the packet. A later USAspending extract can revise both the dollar total and the 1,240 count as new actions and modifications post against CGAC 1602. Until that refresh, the documented book is 23251134511.76 in obligations. That figure is not a performance score, not an enacted one-year appropriation, and not a recommendation to apply for funds. It is the award-file rollup this packet carries through FY 2026.

Single-employer and multiemployer insurance statements are other publications. This hub stays on USAspending obligations through FY 2026 tagged to CGAC 1602. The state table can be dominated by a few coded locations. CGAC 1602 is the awarding-agency identifier on every row in this rollup, and the overlay path stays /agencies/1602/. The award population is 1,240 records. Those rows still sum to the same obligation total through fiscal year 2026. Readers who need place-of-performance should open the state table from that hub; readers who need peer context should open the all-agencies list. Neither view converts obligations into outlays. CGAC 1602 is the awarding-agency identifier on every row in this rollup, and the overlay path stays /agencies/1602/. The award population is 1,240 records. Those rows still sum to the same obligation total through fiscal year 2026. Readers who need place-of-performance should open the state table from that hub; readers who need peer context should open the all-agencies list. Neither view converts obligations into outlays.

Questions

How much has PBGC obligated on USAspending through FY 2026?

PBGC awarding-agency records (CGAC 1602) sum to $23,251,134,511.76 across 1,240 awards in this extract. That figure is an obligation total from USAspending.gov through fiscal year 2026, not an insurance-program deficit and not a participant census.

Why does PBGC have only 1,240 awards?

The 1,240 count is the number of award records tagged to CGAC 1602. Large vehicles can each carry a substantial share of the $23,251,134,511.76 book. A thin row count is a size-mix fact, not a finding about missed payments to retirees.

What is CGAC 1602?

CGAC 1602 is the USAspending awarding-agency identifier for the Pension Benefit Guaranty Corporation in this extract. SpendingVault’s PBGC hub is /agencies/1602/. The $23,251,134,511.76 obligation total and 1,240 award count belong to that code through FY 2026.

Where can I see PBGC spending by state?

The state table from the CGAC 1602 agency page uses place-of-performance fields on the same obligation extract. Geography rows still sit under $23,251,134,511.76 and 1,240 awards through FY 2026 and can be dominated by a few coded locations.