Pension Benefit Guaranty Corporation federal obligations 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.

New Jersey statewide versus PBGC nationwide

New Jersey’s all-agency hub stacks every awarding agency with performance coded to the state. $1,379,894,405.74 is only the Pension Benefit Guaranty Corporation cell inside New Jersey. The Pension Benefit Guaranty Corporation national hub includes every state. This tie is the overlap, nothing more.

State budget documents in New Jersey answer a different question. They are not the source of the 177 federal award records. If a chart mixes a General Fund table with this cell, the chart has left the USAspending.gov series.

A 177-row file with an implied mean near $7,796,014 is consistent with large trustee or insurance-style vehicles. This packet does not name those plans. Place-of-performance in New Jersey does not mean every covered worker lives in the state. $1,379,894,405.74 remains an award-file cell.

Trustee obligations are still not cash

An obligation records a legal commitment on an award. An outlay records cash leaving the Treasury. $1,379,894,405.74 is the first series. Using it as a proxy for checks already issued in New Jersey will misstate timing. SpendingVault does not convert this cell into cash.

Multi-year vehicles can remain open after the obligation posts. Cite the pair as agency 1602 × New Jersey, $1,379,894,405.74, 177 awards, obligations only.

Overlay and parent hubs

The New Jersey × Pension Benefit Guaranty Corporation overlay holds the structured rows behind 177 awards and $1,379,894,405.74. The New Jersey state page and the Pension Benefit Guaranty Corporation agency page are the parents. The ties index lists other state–agency pairs on the same obligation basis.

Those views do not add a program-code mix or a unique-recipient count this packet omits. They also do not convert $1,379,894,405.74 into outlays.

How to cite PBGC in New Jersey

Cite USAspending.gov: Pension Benefit Guaranty Corporation (awarding agency 1602) obligated $1,379,894,405.74 on 177 awards coded to New Jersey. Keep both sides of the join. Do not drop New Jersey and call the figure a national PBGC total. Do not drop Pension Benefit Guaranty Corporation and call it New Jersey’s entire federal book.

The implied mean near $7,796,014 remains a ratio of two packet facts. Place-of-performance is a coding field, not a complete map of New Jersey subcontractors. Do not treat the New Jersey PBGC cell as a unique-retiree census.

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.