Pension Benefit Guaranty Corporation federal obligations in Maryland

PBGC and Maryland in thirty-three rows

A count of 33 is small enough that each award, on average, carries about $111.34 million. PBGC’s public role includes taking over terminated defined-benefit plans and paying guaranteed benefits; the facts do not name plans, employers, or participants. This page does not list the 33 awards and does not say how many people those awards cover.

The join is agency 1602 plus Maryland place of performance. It is not a score of Maryland retirement security, not a ranking of corporate pensions, and not a forecast of future premiums. Thirty-three is an award-record count in a USAspending aggregate.

Thirty-three Maryland PBGC awards totaling $3,674,068,535.77 need the same small-n caution as other thin pension cells. One row can move a large share of the dollars. Plan names are absent. A 1602 overlay in another state is a different geography, not this $3.67 billion. Place of performance MD is not beneficiary residence.

Awarding agency 1602

Pension Benefit Guaranty Corporation is keyed as 1602. The overlay /states/md/agencies/1602/ is the filtered table that should match 33 awards and $3,674,068,535.77. The agency hub /agencies/1602/ removes the Maryland constraint. Massachusetts has a separate 1602 overlay on this site; that page is a different geography and is not this $3.67 billion cell.

Code 1602 is not a Cabinet toptier in the same numbering series as Commerce (013) or EPA (068). It is the awarding-agency identifier supplied for PBGC in this aggregate. Matching the number in the URL is the reliable way to stay on the correct filter.

Maryland place of performance

MD as a geography tag may follow a plan sponsor, a trustee location, or another rule in the source file. The $3,674,068,535.77 sum has no county split. Beneficiaries can live anywhere; place of performance does not locate every paycheck. The Maryland federal spending hub is the parent for every awarding agency, of which 1602 is one.

Awards tagged to the District of Columbia or Virginia stay off this page even when a plan is described as capital-region. USAspending geography is the state field, not a metro nickname.

Maryland federal spending is the parent hub. $3,674,068,535.77 is agency 1602 only. The mean near $111.34 million is $3,674,068,535.77 divided by 33. Median is unreported. 33 is not 33 plans. Obligations can be long-dated. Outlays are unreported. No year is attached. The pair does not evaluate a named employer.

How to read a 33-award obligation total

With 33 rows, a single large award can move $3,674,068,535.77 by a sizable fraction. The mean of about $111.34 million is therefore sensitive to those rows. Median is not provided. Outlays are not provided. No fiscal year is in the facts, so the total is not labeled as a single plan-year of guaranteed benefits.

Pension-related obligations can represent long-dated commitments. Treating $3.67 billion as cash already paid to Maryland residents would confuse obligations with outlays and would confuse place of performance with beneficiary residence.

What the pair does not claim

This join does not evaluate whether a named employer’s plan failed, does not estimate underfunding, and does not connect PBGC activity to campaign contributions. It records that agency 1602 and state MD co-occur on 33 awards totaling $3,674,068,535.77 in USAspending obligations.

See Pension Benefit Guaranty Corporation in Maryland for the overlay, Maryland federal spending for all agencies, Pension Benefit Guaranty Corporation for agency 1602, and All spending ties for other pairs.

Thirty-three Maryland PBGC awards under $3,674,068,535.77 is a thin table. Plan names are absent. Massachusetts has a separate 1602 overlay; that geography is not this $3.67 billion cell. County splits are absent. Beneficiary residence is not place of performance.

Maryland PBGC overlay without a plan roster

Pension Benefit Guaranty Corporation in Maryland is the 1602 overlay. Maryland federal spending is the parent. Pension Benefit Guaranty Corporation is the national 1602 hub. All spending ties lists other pairs. Code 1602 is the awarding-agency identifier for PBGC in this aggregate.

The mean near $111.34 million is $3,674,068,535.77 divided by 33. With 33 rows, one award can move the total substantially. Median is unreported. 33 is not 33 plans. Obligations can be long-dated commitments; treating $3.67 billion as cash already paid to Maryland residents confuses obligations with outlays. No year is attached. The pair does not evaluate a named employer’s plan.

Questions

How much has PBGC obligated in Maryland?

USAspending records $3,674,068,535.77 in agency 1602 obligations with Maryland place of performance, across 33 awards. That is an obligation aggregate, not outlays and not a list of pension plans.

Does 33 awards mean 33 pension plans?

No. 33 is an award-record count. One award can cover many participants; multiple awards can relate to one plan. The facts do not convert the count into plans or people.

What is the average PBGC award in Maryland?

About $111.34 million, from $3,674,068,535.77 divided by 33 awards. That mean is sensitive to a small row count and is not a median.

What is agency code 1602?

It is the awarding-agency code used in the overlay for Pension Benefit Guaranty Corporation. The $3,674,068,535.77 total is keyed to 1602 and Maryland.