Pension Benefit Guaranty Corporation Fund

B1: This amount represents the FY 2022 temporary sequester reduction to be made available for obligation in FY 2023.

B2: This amount represents anticipated collections for FY 2023, and includes budgetary resources from a reimbursable interagency agreement with the Department of Treasury for $250,000 to provide legal, technical, and actuarial information necessary to support the Multiemployer Pension Reform Act (MPRA) requirements.

B3: Amounts for the Consolidated Administrative Budget represent the FY 2023 initial apportionment at the current services level. Additionally, amounts displayed for Benefit Payments, Financial Assistance and Investment Management Fees represent full-year estimated FY 2023 funding.

A1: The amount on line 1844 represents the required sequester reduction assuming the overhead portion of administrative expenses for this program requires spending authority (currently reflected as part of line 1840) equal to the estimated $150,776,827 as shown in the OMB Report to the Congress on the BBEDCA 251A Sequestration for Fiscal Year 2023 (March 28, 2022). Due to the indefinite nature of the overhead portion of the administrative expenses in this account, the sequester amount may not be equal to line 1844. During the remainder of the fiscal year, if the necessary overhead portion of the administrative expenses is different from the $150,776,827 amount, the amount in dollars currently reflected on line 1844 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 (March 28, 2022). [Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]