Pension Plan Termination Insurance in New Jersey

PBGC termination insurance coded to New Jersey

CFDA 86.001 is titled PENSION PLAN TERMINATION INSURANCE. Filtered to New Jersey place of performance, obligations sum to $1,272,436,890.13 on 175 awards. The national Pension Plan Termination Insurance hub includes every state. New Jersey's spending hub includes every program. This tie is the intersection. $1,272,436,890.13 is an obligation aggregate from USAspending.gov, not an outlay and not a count of plans, retirees, or employers in Newark, Trenton, or Jersey City.

PBGC termination insurance can post as many assistance or insurance records rather than one statewide block. The join does not name recipients, split North Jersey and the shore, or count plans, retirees, or employers. Packet facts stop at $1,272,436,890.13, 175 awards, NJ, and 86.001. Correlation is not causation.

86.001 is not railroad retirement or Social Security in New Jersey

Social Insurance for Railroad Workers (CFDA 57.001) and OASDI catalogs sit on other Catalog numbers. Mixing those dollars into $1,272,436,890.13 would invent a broader total than this 86.001 × NJ cell contains. Facts available: New Jersey, CFDA 86.001, $1,272,436,890.13, 175 awards. Recipient names, subawards, and plan, retiree, or employer counts are not in the facts.

The catalog title names Pension Plan Termination Insurance, not a ranking of New Jersey outcomes. Dividing $1,272,436,890.13 by 175 yields about $7.27 million per award—a PBGC termination-insurance instrument, not a typical monthly pension check. Unique recipients are unpublished. 175 is not a count of plans, retirees, or employers.

Questions

How much PBGC termination-insurance funding is obligated in New Jersey?

USAspending.gov shows $1,272,436,890.13 in CFDA 86.001 obligations coded to New Jersey across 175 awards. The join uses the program number and New Jersey place of performance. The total is obligations, not outlays. Keep Pension Plan Termination Insurance and New Jersey together when citing $1,272,436,890.13.

Is this the same as railroad retirement in New Jersey?

No. This cell is CFDA 86.001 only. Social Insurance for Railroad Workers (CFDA 57.001) and OASDI catalogs are other catalogs. Mixing those numbers would invent a total larger than $1,272,436,890.13. 175 is a record count, not a plan, retiree, or employer census.

Do 175 awards mean 175 pension plans?

175 is a USAspending award-record count, not a plan, retiree, or employer census. The implied mean is about $7.27 million per award. Unique recipients are unpublished. Obligations of $1,272,436,890.13 are not outlays. Keep Pension Plan Termination Insurance and New Jersey together when citing $1,272,436,890.13. The overlay remains the live 86.001 × NJ table on USAspending.gov.

Is $1.27 billion New Jersey's full federal retirement spend?

No. $1,272,436,890.13 is only the 86.001 × New Jersey cell. Other CFDA programs with New Jersey place of performance sit on the statewide hub. Nationwide 86.001 is not limited to New Jersey. Obligations of $1,272,436,890.13 are not outlays.