How much has PBGC obligated in Massachusetts?

USAspending records $5,842,456,267.38 in agency 1602 obligations with Massachusetts place of performance, across 11 awards. That is an obligation aggregate, not outlays and not a list of pension plans.

Why are there only 11 awards?

The aggregate counts 11 records for this pair. Dividing $5,842,456,267.38 by 11 yields a mean of about $531.13 million. The facts do not name those records.

Does this mean 11 pension plans in Massachusetts?

No. 11 is an award-record count, not a plan count or a beneficiary count. One award can cover many participants; multiple awards can relate to one plan.

What is agency code 1602?

It is the awarding-agency code used in the overlay for Pension Benefit Guaranty Corporation. The $5,842,456,267.38 total is keyed to 1602 and Massachusetts.

Pension Benefit Guaranty Corporation in Massachusetts

Federal obligations from Pension Benefit Guaranty Corporation to Massachusetts

Total obligated

$5.94B

Awards

USAspending.gov records $5,842,456,267.38 in Pension Benefit Guaranty Corporation obligations with place of performance in Massachusetts, across 11 awards. Awarding agency 1602 and state MA are the pair. Eleven records under $5.84 billion is a highly concentrated join: mean obligation is about $531.13 million per award ($5,842,456,267.38 ÷ 11).

Key figures

PBGC agency 1602 shows $5,842,456,267.38 in Massachusetts place-of-performance obligations on 11 awards.
Mean obligation is about $531.13 million per award.
Award count is not a plan or beneficiary count.
No named plans are in the facts.
USAspending obligations are not outlays.

Eleven awards, $5.84 billion

A count of 11 is small enough that each row, on average, carries about $531.13 million. PBGC activity often involves trustee-ship of terminated pension plans and related financial obligations; the facts do not name plans, employers, or beneficiaries. This page does not list the 11 awards.

The join is agency 1602 plus Massachusetts place of performance. It is not a score of Massachusetts retirement security and not a count of pensioners.

Eleven Massachusetts PBGC awards totaling $5,842,456,267.38 should be cited with the small-n warning in the same breath as the dollars. A single amendment can move a large fraction of the total. This page will not track amendments. HUD’s Massachusetts overlay is a different code with thousands of rows; that volume is not this 1602 cell.

Awarding agency 1602

Pension Benefit Guaranty Corporation is keyed as 1602 in this overlay: /states/ma/agencies/1602/. The agency hub /agencies/1602/ is the unfiltered profile. Massachusetts’s $5,842,456,267.38 is the MA geography only.

Readers should not treat 1602 as a Cabinet department code. It is the awarding-agency identifier supplied in the aggregate for PBGC.

Full analysis: Pension Benefit Guaranty Corporation federal obligations in Massachusetts →

Questions

How much has PBGC obligated in Massachusetts?: USAspending records $5,842,456,267.38 in agency 1602 obligations with Massachusetts place of performance, across 11 awards. That is an obligation aggregate, not outlays and not a list of pension plans.
Why are there only 11 awards?: The aggregate counts 11 records for this pair. Dividing $5,842,456,267.38 by 11 yields a mean of about $531.13 million. The facts do not name those records.
Does this mean 11 pension plans in Massachusetts?: No. 11 is an award-record count, not a plan count or a beneficiary count. One award can cover many participants; multiple awards can relate to one plan.
What is agency code 1602?: It is the awarding-agency code used in the overlay for Pension Benefit Guaranty Corporation. The $5,842,456,267.38 total is keyed to 1602 and Massachusetts.

USAspending.gov aggregate of federal obligations by state and awarding agency. Obligations are not outlays.

How this pair fits

Pension Benefit Guaranty Corporation federal obligations in Massachusetts

All data ties →