Pension Benefit Guaranty Corporation federal obligations 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.

Washington statewide versus PBGC nationwide

Washington’s all-agency hub stacks every awarding agency with performance coded to the state. $1,119,830,384.26 is only the Pension Benefit Guaranty Corporation cell inside Washington. The Pension Benefit Guaranty Corporation national hub includes every state. This tie is the overlap, nothing more.

State budget documents in Washington answer a different question. They are not the source of the 14 federal award records. If a chart mixes a General Fund table with this cell, the chart has left the USAspending.gov series.

A 14-row file with an implied mean near $79,987,885 is consistent with a handful of large trustee or insurance-style vehicles. This packet does not name those plans. Place-of-performance in Washington does not mean every covered worker lives in the state. $1,119,830,384.26 remains an award-file cell on 14 records.

Trustee obligations are still not cash

An obligation records a legal commitment on an award. An outlay records cash leaving the Treasury. $1,119,830,384.26 is the first series. Using it as a proxy for checks already issued in Washington 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 × Washington, $1,119,830,384.26, 14 awards, obligations only.

Overlay and parent hubs

The Washington × Pension Benefit Guaranty Corporation overlay holds the structured rows behind 14 awards and $1,119,830,384.26. The Washington 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 $1,119,830,384.26 into outlays.

How to cite PBGC in Washington

Cite USAspending.gov: Pension Benefit Guaranty Corporation (awarding agency 1602) obligated $1,119,830,384.26 on 14 awards coded to Washington. Keep both sides of the join. Do not drop Washington and call the figure a national PBGC total. Do not drop Pension Benefit Guaranty Corporation and call it Washington’s entire federal book.

The implied mean near $79,987,885 remains a ratio of two packet facts. Place-of-performance is a coding field, not a complete map of Washington subcontractors. Do not treat the Washington PBGC cell as a unique-retiree census.

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.