Pension Benefit Guaranty Corporation Fund

B2: This amount represents the FY 2022 temporary sequester reduction to be made available for obligation in FY 2023.

B1: The requested amount will fund $70,000,000,000 for FY 2023 Special Financial Assistance payments to qualifying plans and $34,251,466 for associated administrative expenses to manage the program.

A1: The amount on line 1255 (line split "SEQ") is the required sequester reduction from the FY 2023 administrative expenses funding only. Due to the indefinite nature of the administrative expenses in this account, the sequester amount may not be equal to the sequester amount reflected in the OMB Report to the Congress on the BBEDCA 251A Sequestration for Fiscal Year 2023 (March 28, 2022). During the remainder of the year, if the necessary administrative expenses are different from $34,251,466, the amount in dollars currently reflected on line 1255 is hereby automatically apportioned as follows: The agency will achieve the reduction by applying a 5.7% sequester to the actual obligations of the overhead portion of the administrative expenses (utilizing the same methodology used to derive the amount in the order) as required by the OMB Report to the Congress on the BBEDCA 251A Sequestration for Fiscal Year 2023.[Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]