Agencies / Pension Benefit Guaranty Corporation

Pension Benefit Guaranty Corporation

Federal agency · top-tier · the money flowing out to recipients.

$6.6B

obligated · FY2025

recipients

742

awards

sub-agencies

Obligations by year

≈ computed

$531.7M

FY20

$605.5M

FY21

$8.2B

FY22

$46.4B

FY23

$15B

FY24

$6.6B

FY25

▲ 1144%

since FY20

Where this money goes

✓ from source

PENSION BENEFIT GUARANTY

TOP RECIPIENTS

Pension Benefit Guaranty Corporation

$6.6B

FY2025 obligated

Southern California

$1.3B

The Legacy

$0.9B

United Food

$0.7B

Carpenters Pension

$0.6B

United Wire,

$0.2B

11 other recipients

$2.9B

band width = obligations · FY2025 · source: USASpending.gov

How it spends

≈ computed · awards by type

370loans

280contracts

50direct payments

42contract vehicles

What it funds

Pension Plan Termination Insurance$6.3B

Portfolio Management$72M

Engineering Services$49.7M

Other Computer Related Services$42.3M

Administrative Management and General Management Consulting Services$36M

Investment Banking and Securities Dealing$18M

Human Resources Consulting Services$14.9M

Computer Systems Design Services$12.2M

Sub-agencies

Pension Benefit Guaranty Corporation$6.6B

Largest awards

Field Office Support Services

awarded 2019$141M

Contract 16PBGC24F0050

awarded 2024$135.7M

O&m and Dm&e Work

awarded 2020$130.5M

Portfolio Management Services

awarded 2016$117.6M

Portfolio Management Services

awarded 2016$112.4M

Portfolio Management Services

awarded 2016$89.2M

Ldi Fixed Income Investment Management Services

awarded 2017$83.9M

Contract PBGC01DO159004

awarded 2015$69.6M

The agency’s biggest individual awards by total value, largest first.

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