How much PBGC spending is obligated in Michigan?

USAspending records $635,030,505.50 in obligations for awarding agency 1602 (Pension Benefit Guaranty Corporation) with Michigan place of performance, covering 17 awards. That is an obligation aggregate for this pair, not an outlay figure and not a count of pensioners.

Why are there only 17 awards for more than $635 million?

The aggregate contains 17 award records summing to $635,030,505.50. A small row count with a large dollar total produces a high mean (about $37.4 million). The table does not identify those 17 instruments or say they are typical.

Does this page list which pension plans are involved?

No. Packet facts include the agency name, code 1602, the Michigan geography tag, $635,030,505.50 in obligations, and 17 awards. Plan names and trustee details are not in those facts.

Is a PBGC obligation the same as a benefit payment?

No. Obligations are commitments in USAspending. Benefit payments and other outlays are a different accounting step. This page reports $635,030,505.50 in obligations, not a check register.

Pension Benefit Guaranty Corporation in Michigan

Federal obligations from Pension Benefit Guaranty Corporation to Michigan

Total obligated

$648.7M

Awards

USAspending.gov records $635,030,505.50 in Pension Benefit Guaranty Corporation obligations under awarding agency 1602 with place of performance in Michigan, across 17 awards. Seventeen records carrying more than six hundred million dollars is the headline of this join: a thin award count under a large obligation sum. The pair is still only a two-column filter. It does not prove that PBGC “bailed out Michigan,” and it does not convert obligations into pension checks already mailed. Dividing $635,030,505.50 by 17 awards yields about $37.4 million per award on average.

Key figures

Pension Benefit Guaranty Corporation agency 1602 shows $635,030,505.50 in Michigan place-of-performance obligations on 17 awards.
Mean obligation is about $37.4 million per award because the row count is small.
Seventeen records are not a census of Michigan pension plans or retirees.
Michigan is a USAspending geography tag, not proof of where every hour of work occurred.
Figures are obligations from USAspending.gov, not outlays.

A 17-award cell, not a pension census

This tie reports the cell where awarding agency 1602, labeled Pension Benefit Guaranty Corporation, meets Michigan as place-of-performance state. The $635,030,505.50 figure is the sum of obligations on awards that carry both attributes in the USAspending aggregate. Remove Michigan and PBGC’s national profile remains; remove 1602 and Michigan’s all-agency spending remains. This page is neither.

Seventeen awards is an unusually small row count for a nine-figure state–agency slice. That scarcity is a fact about the aggregate table, not a count of retirees, plans, or plants. The join does not list the 17 instruments, and it does not say they are all the same type.

PBGC activity in a manufacturing state invites stories about specific plans and plants. This page refuses those stories because the packet does not name them. Seventeen award records summing to $635,030,505.50 is the entire numeric claim. Anything beyond that — which employers, which trustees, which years — would be invented.

Reading agency 1602 without extra story

USAspending’s awarding-agency dimension uses numeric codes. This join is keyed to 1602. The English name is Pension Benefit Guaranty Corporation. Other Labor Department and social-insurance agencies have different codes. Folding 1602 into those cabinets would mix $635,030,505.50 with unrelated Michigan totals.

The agency hub for 1602 is the place to see PBGC awards without a Michigan constraint. Packet facts here stop at the dollar sum, the award count of 17, the state, and the code. No plan names, no trustee actions, and no fiscal-year split are supplied, so none are invented.

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

Questions

How much PBGC spending is obligated in Michigan?: USAspending records $635,030,505.50 in obligations for awarding agency 1602 (Pension Benefit Guaranty Corporation) with Michigan place of performance, covering 17 awards. That is an obligation aggregate for this pair, not an outlay figure and not a count of pensioners.
Why are there only 17 awards for more than $635 million?: The aggregate contains 17 award records summing to $635,030,505.50. A small row count with a large dollar total produces a high mean (about $37.4 million). The table does not identify those 17 instruments or say they are typical.
Does this page list which pension plans are involved?: No. Packet facts include the agency name, code 1602, the Michigan geography tag, $635,030,505.50 in obligations, and 17 awards. Plan names and trustee details are not in those facts.
Is a PBGC obligation the same as a benefit payment?: No. Obligations are commitments in USAspending. Benefit payments and other outlays are a different accounting step. This page reports $635,030,505.50 in obligations, not a check register.

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 Michigan

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