Pension Benefit Guaranty Corporation federal obligations in Massachusetts

Eleven awards, $5.84 billion

A count of 11 is small enough that each row, on average, carries about $531.13 million. PBGC activity often involves trustee-ship of terminated pension plans and related financial obligations; the facts do not name plans, employers, or beneficiaries. This page does not list the 11 awards.

The join is agency 1602 plus Massachusetts place of performance. It is not a score of Massachusetts retirement security and not a count of pensioners.

Eleven Massachusetts PBGC awards totaling $5,842,456,267.38 should be cited with the small-n warning in the same breath as the dollars. A single amendment can move a large fraction of the total. This page will not track amendments. HUD’s Massachusetts overlay is a different code with thousands of rows; that volume is not this 1602 cell.

Awarding agency 1602

Pension Benefit Guaranty Corporation is keyed as 1602 in this overlay: /states/ma/agencies/1602/. The agency hub /agencies/1602/ is the unfiltered profile. Massachusetts’s $5,842,456,267.38 is the MA geography only.

Readers should not treat 1602 as a Cabinet department code. It is the awarding-agency identifier supplied in the aggregate for PBGC.

Massachusetts place of performance

MA as a tag can reflect where PBGC records place of performance, which may follow a plan, a trustee location, or another geography rule in the source. The $5,842,456,267.38 sum has no city split. The Massachusetts federal spending hub is the parent for all awarding agencies, including a HUD cell with a far higher award count on a different code.

Place of performance is not proof that every beneficiary lives in Massachusetts.

Massachusetts federal spending is the parent hub. PBGC is one awarding agency. $5,842,456,267.38 is not a count of Massachusetts retirees and not a list of terminated plans. Place of performance MA does not locate every beneficiary. Obligations can be long-dated. Outlays are unreported.

How to read an 11-row obligation total

With 11 awards, a single large row can move the $5,842,456,267.38 total by a large fraction. The mean of about $531.13 million is therefore sensitive to those rows. Median is not provided. Outlays are not provided. No fiscal year is in the facts.

Obligations at this scale can represent long-dated pension-related commitments. Treating $5.84 billion as cash already paid to Massachusetts residents would over-read the field.

Massachusetts PBGC’s 11 awards totaling $5,842,456,267.38 are a small-n cell. Small-n means the mean near $531.13 million can swing if one row changes. Plan names are absent. 11 is not 11 plans. HUD’s Massachusetts overlay is a different code with thousands of rows. $5,842,456,267.38 is 1602 and MA only. Beneficiary residence is not place of performance.

What the pair is not

This join does not evaluate whether a particular employer’s plan failed, and it does not connect PBGC activity to campaign contributions. It records co-occurrence of agency 1602 and state MA on 11 awards totaling $5,842,456,267.38.

See Pension Benefit Guaranty Corporation in Massachusetts, Massachusetts federal spending, Pension Benefit Guaranty Corporation, and All spending ties.

Eleven PBGC awards under $5,842,456,267.38 is a thin table. HUD’s Massachusetts overlay is a different code with thousands of rows; that volume is not this pension cell. Plan names, employer names, and beneficiary counts are not in the facts and are not listed here.

How to read an 11-award PBGC join

Pension Benefit Guaranty Corporation in Massachusetts is the overlay for agency 1602. Massachusetts federal spending is the parent. Pension Benefit Guaranty Corporation is the national 1602 hub. All spending ties lists other pairs. Code 1602 is the join key; it is not a Cabinet toptier in the same series as Commerce or EPA.

The mean near $531.13 million is $5,842,456,267.38 divided by 11. With 11 rows, one award can move the total by a large fraction. Median is unreported. 11 is not 11 plans and not 11 pensioners. Place of performance MA does not locate every beneficiary. Obligations can be long-dated; outlays are unreported. No year is attached. The pair does not evaluate a named employer’s plan and does not link to campaign finance.

Anyone citing $5,842,456,267.38 should keep agency 1602, Massachusetts, and the 11-award count together so the mean near $531.13 million is not quoted without the small-n warning. Continue at the PBGC overlay, the Massachusetts hub, the national 1602 profile, and the ties index. Plan names and beneficiary counts are unpublished. Place of performance is not where every retiree lives.

Questions

How much has PBGC obligated in Massachusetts?

USAspending records $5,842,456,267.38 in agency 1602 obligations with Massachusetts place of performance, across 11 awards. That is an obligation aggregate, not outlays and not a list of pension plans.

Why are there only 11 awards?

The aggregate counts 11 records for this pair. Dividing $5,842,456,267.38 by 11 yields a mean of about $531.13 million. The facts do not name those records.

Does this mean 11 pension plans in Massachusetts?

No. 11 is an award-record count, not a plan count or a beneficiary count. One award can cover many participants; multiple awards can relate to one plan.

What is agency code 1602?

It is the awarding-agency code used in the overlay for Pension Benefit Guaranty Corporation. The $5,842,456,267.38 total is keyed to 1602 and Massachusetts.