Pension Benefit Guaranty Corporation in New Jersey

PBGC and New Jersey as a coding pair

This page is a join of two USAspending.gov fields: awarding agency Pension Benefit Guaranty Corporation (code 1602) and place-of-performance New Jersey. The extract sums to $1,379,894,405.74 on 177 awards. Those facts describe a coding intersection. They do not show that Pension Benefit Guaranty Corporation spending caused New Jersey outcomes, or that New Jersey caused the federal award book.

The pair is not a New Jersey pension-funding score or a unique-retiree census. Correlation of an agency label with a state code is not causation. Place-of-performance can follow a trustee, a plan administrator, or an administrative address. Work tagged to New Jersey can involve parties elsewhere, and New Jersey work can be coded to another state.

PBGC annual reports, Form 5500 filings, and state pension valuations are other products. Mixing any of those series with $1,379,894,405.74 leaves the USAspending award file. The 177 figure counts award records, including modifications present in the extract, not unique people, firms, or facilities.

One hundred seventy-seven awards under $1.38 billion

One hundred seventy-seven awards under a $1.38 billion book is a short tape relative to the dollars. Dividing $1,379,894,405.74 by 177 awards yields an implied mean near $7,796,014. That quotient is a ratio of two packet facts, not a typical award size and not a median. A few large vehicles can pull the average while many smaller rows sit below it.

Volume and dollars are different columns. Cite both 177 and $1,379,894,405.74. USAspending.gov is the source. SpendingVault does not recast $7,796,014 as a product schedule or a beneficiary payment.

Later ingests can revise $1,379,894,405.74 and 177. This prose is a packet snapshot. The overlay is the live table. If those two disagree, use the overlay. Keep the obligation label so the cell is not read as cash already paid in New Jersey.

Questions

How much has PBGC obligated in New Jersey?

USAspending.gov shows $1,379,894,405.74 in Pension Benefit Guaranty Corporation obligations coded to New Jersey across 177 awards. Awarding-agency 1602 and New Jersey place of performance define the join. The total is obligations, not outlays.

Does this total measure New Jersey pension health?

No. $1,379,894,405.74 is an award-file coding total, not a funded-status score or a count of New Jersey retirees. PBGC annual reports are a different product. Correlation is not causation.

Why are there only 177 PBGC awards in New Jersey?

The extract counts 177 award records. Large trustee vehicles can produce a short tape with a high implied mean—about $7,796,014 from $1,379,894,405.74 divided by 177. Plan names are not in this packet.

Are PBGC obligations in New Jersey the same as outlays?

No. $1,379,894,405.74 is an obligation sum on 177 awards. Outlays are cash leaving the Treasury and can lag. SpendingVault does not convert this New Jersey × PBGC cell into cash.