Pension Benefit Guaranty Corporation in Washington

PBGC and Washington 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 Washington. The extract sums to $1,119,830,384.26 on 14 awards. Those facts describe a coding intersection. They do not show that Pension Benefit Guaranty Corporation spending caused Washington outcomes, or that Washington caused the federal award book.

The pair is not a Washington 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 Washington can involve parties elsewhere, and Washington 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 $1,119,830,384.26 leaves the USAspending award file. The 14 figure counts award records, including modifications present in the extract, not unique people, firms, or facilities.

Fourteen awards under $1.12 billion

Fourteen awards under a $1.12 billion book is an extremely short tape relative to the dollars. Dividing $1,119,830,384.26 by 14 awards yields an implied mean near $79,987,885. 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 14 and $1,119,830,384.26. USAspending.gov is the source. SpendingVault does not recast $79,987,885 as a product schedule or a beneficiary payment.

Later ingests can revise $1,119,830,384.26 and 14. 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 Washington.

Questions

How much has PBGC obligated in Washington?

USAspending.gov shows $1,119,830,384.26 in Pension Benefit Guaranty Corporation obligations coded to Washington across 14 awards. Awarding-agency 1602 and Washington place of performance define the join. The total is obligations, not outlays.

Does this total measure Washington pension health?

No. $1,119,830,384.26 is an award-file coding total, not a funded-status score or a count of Washington retirees. PBGC annual reports are a different product. Correlation is not causation.

Why are there only 14 PBGC awards in Washington?

The extract counts 14 award records. Large trustee vehicles can produce a short tape with a high implied mean—about $79,987,885 from $1,119,830,384.26 divided by 14. Plan names are not in this packet.

Are PBGC obligations in Washington the same as outlays?

No. $1,119,830,384.26 is an obligation sum on 14 awards. Outlays are cash leaving the Treasury and can lag. SpendingVault does not convert this Washington × PBGC cell into cash.