Pension Benefit Guaranty Corporation
Obligations in fiscal year 2026, reporting period 11 of 12, through August 31, 2026:
An obligation is money the agency commits to pay: a signed contract, a grant award, a benefit payment. The figure in full is copied from the official record. The rounded reading beside it is ours.
Year by year
Budgetary resources are the Treasury's figure for the money available to the agency in the year, new and carried over from earlier years. Obligations are money the agency commits to pay. Outlays are money paid out. Fiscal year 2026 figures run through August 31, 2026.
| Fiscal year | Budgetary resources | Obligations | Outlays | Through |
|---|---|---|---|---|
| 2026 | $91,082,342,597.70 | $10,413,559,874.62 | $10,570,646,210.44 | August 31, 2026 (period 11 of 12) |
| 2025 | $85,452,974,769.80 | $13,294,541,941.73 | $13,284,613,883.06 | September 30, 2025 |
| 2024 | $83,699,509,569.11 | $21,638,784,404.11 | $21,716,818,238.65 | September 30, 2024 |
| 2023 | $112,312,583,012.90 | $52,988,712,993.56 | $52,614,794,974.15 | September 30, 2023 |
| 2022 | $68,641,031,971.97 | $14,739,682,100.21 | $14,725,705,270.50 | September 30, 2022 |
| 2021 | $55,818,798,028.93 | $6,991,998,361.26 | $6,963,707,143.06 | September 30, 2021 |
| 2020 | $51,753,573,300.08 | $6,548,256,148.30 | $6,534,602,037.95 | September 30, 2020 |
| 2019 | $42,784,268,492.18 | $6,510,482,314.69 | $6,472,349,829.87 | September 30, 2019 |
| 2018 | $37,047,575,811.11 | $6,363,774,931.81 | $6,350,204,012.94 | September 30, 2018 |
| 2017 | $34,277,670,635.49 | $6,361,476,188.47 | $6,305,014,743.01 | September 30, 2017 |
Awards by type
Awards are contracts, grants, loans and direct payments. The Treasury gives award obligations and total obligations in two separate reports. It gives contracts and standing contracts as two figures. Fiscal year 2026, through August 31, 2026.
| Award type | Obligations |
|---|---|
| Contracts | $241,322,571.14 |
| Direct payments | $3,842,766,644.05 |
| Grants | $0.00 |
| Standing contracts that the agency places orders against (indefinite delivery vehicles, IDVs) | $0.00 |
| Loans | $152,172,800.00 |
| Other | $0.00 |
| Award obligations, the Treasury's total | $4,236,262,015.19 |
| Total obligations, from the Treasury's yearly figures | $10,413,559,874.62 |
Sub-agencies
The offices and bureaus inside this agency. The Treasury's record lists one sub-agency here.
| Sub-agency | Obligations | Transactions | New awards |
|---|---|---|---|
| Pension Benefit Guaranty Corporation PBGC | $4,236,262,015.19 | 1,321 | 407 |
Federal accounts
A federal account is one line of the agency's books at the Treasury. The Treasury's record lists one federal account here.
| Federal account | Obligations | Outlays |
|---|---|---|
| Pension Benefit Guaranty Corporation Fund, Pension Benefit Guaranty Corporation, Labor 016-4204 | $10,413,559,874.62 | $10,570,646,210.44 |
Budget functions
A budget function is the purpose the money serves. The Treasury's record lists one budget function here.
| Budget function | Obligations | Outlays |
|---|---|---|
| Income Security | $10,413,559,874.62 | $10,570,646,210.44 |
Object classes
An object class is the Treasury's name for a kind of spending: what the money buys, such as pay, rent or grants. Top 10 of 17 object classes, by obligations.
| Object class | Obligations | Outlays |
|---|---|---|
| Insurance claims and indemnities | $5,840,018,243.43 | $5,840,018,243.43 |
| Investments and loans | $3,994,939,444.05 | $4,228,505,098.21 |
| Other services from non-Federal sources | $164,724,677.58 | $142,084,936.09 |
| Full-time permanent (pay of full-time permanent employees) | $115,211,713.72 | $116,943,878.03 |
| Other goods and services from Federal sources | $114,218,861.11 | $87,468,742.92 |
| Advisory and assistance services | $106,502,048.27 | $86,891,232.40 |
| Civilian personnel benefits | $44,060,111.17 | $44,000,600.68 |
| Rental payments to GSA | $18,155,409.00 | $15,943,702.94 |
| Equipment | $6,503,453.45 | $19,362.13 |
| Other personnel compensation | $3,643,319.57 | $3,644,872.02 |
Emergency-fund laws
The Treasury tags some dollars with the law that provides them. These are the tags on this agency's record, worded as the Treasury words them.
| Tag | Law, as the Treasury names it | Title, as the Treasury gives it | On this site |
|---|---|---|---|
| V | Non-emergency P.L. 117-2 | American Rescue Plan Act of 2021 | Public Law 117-2 |
Tag Q, “Not Designated Nonemergency/Emergency/Disaster/Wildfire Suppression”, is the Treasury's tag for dollars it does not mark as emergency, disaster or wildfire money under a named law.
2 tags.
Where this comes from
Source: USAspending.gov, U.S. Department of the Treasury. The dollar figures written in full on this page are copied from the saved official answers below.