Pension Benefit Guaranty Corporation Fund
Schedules
TAFS: 016-4204 /X - Pension Benefit Guaranty Corporation Fund
| Line # | Split | Description | Amount | Footnotes |
|---|---|---|---|---|
| 1000 | ME | Unob Bal: Brought forward, Oct 1, Estimated | $59,967,767,211.00 | |
| 1000 | MA | Unob Bal: Brought forward, Oct 1, Actual | ||
| 1800 | BA: Mand: Spending auth: Collected | |||
| 1802 | SEQ | BA: Mand: Spending auth: Previously unavailable | $9,697,400.00 | See footnotes below |
| Footnotes for line 1802 (SEQ): | B1: This amount represents the FY 2024 temporary sequester reduction to be made available for obligation in FY 2025. | |||
| 1840 | BA: Mand: Spending auth:Antic colls, reimbs, other | $18,265,250,000.00 | See footnotes below | |
| Footnotes for line 1840: | B2: This amount represents anticipated collections of $18,265,250,000 that include: $18,198,000,000 from pension plan insurance premiums, terminated pension plan assets and investment income; $250,000 from one reimbursable interagency agreement with the Department of the Treasury for legal, technical, and actuarial information necessary to support the Multiemployer Pension Reform Act (MPRA) requirements; and $67,000,000 for estimated reimbursements from plans that previously received traditional financial assistance and are now eligible to receive special financial assistance. | |||
| 1844 | SEQ | BA: Mand: Spending auth:Antic perm/temp reduced | -$9,787,643.00 | |
| 1920 | Total budgetary resources avail (disc. and mand.) | $78,232,926,968.00 | See footnotes below | |
| Footnotes for line 1920: | B3: Amounts for the Consolidated Administrative Budget represent the FY 2025 initial apportionment at the current services level. Additionally, amounts displayed for Benefit Payment, Financial Assistance and Investment Management Fees represent full-year estimated FY 2025 funding. | |||
| 6011 | Benefit Payment | $8,006,000,000.00 | ||
| 6012 | Financial Assistance | $227,000,000.00 | ||
| 6013 | Investment Management Fees | $139,800,000.00 | ||
| 6112 | 1st quarter, Consolidated Administrative Budget | $188,197,324.00 | ||
| 6113 | 2nd quarter, Consolidated Administrative Budget | $103,952,363.00 | ||
| 6114 | 3rd quarter, Consolidated Administrative Budget | $143,516,307.00 | ||
| 6115 | 4th quarter, Consolidated Administrative Budget | $67,696,363.00 | ||
| 6182 | Budgetary Resources: Unappor bal, revolving fnd | $69,356,764,611.00 | ||
| 6190 | Total budgetary resources available | $78,232,926,968.00 | See footnotes below | |
| Footnotes for line 6190: | A1: <html>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 $171,713,034 as shown in the OMB Report to the Congress on the BBEDCA 251A Sequestration for Fiscal Year 2025 (March 11, 2024). 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 overhead portion of the administrative expenses is different from the estimated $171,713,034, the amount 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 applicable overhead portion of the administrative budget (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 2025 (March 11, 2024).<b> [Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]</b></html> | |||
Footnotes
Footnotes provide further information about, or establish further legal requirements related to the use of, the funds in a given line or set of lines in an apportionment. If footnotes appear on lines 1920 or 6190, they apply to all the lines in the 1xxx and 6xxx sections, respectively. The following are all the footnotes associated with this file.
| Number | Text |
|---|---|
| A1 | <html>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 $171,713,034 as shown in the OMB Report to the Congress on the BBEDCA 251A Sequestration for Fiscal Year 2025 (March 11, 2024). 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 overhead portion of the administrative expenses is different from the estimated $171,713,034, the amount 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 applicable overhead portion of the administrative budget (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 2025 (March 11, 2024).<b> [Rationale: Footnote signifies that this TAFS has received or may receive an automatic apportionment.]</b></html> |
| B1 | This amount represents the FY 2024 temporary sequester reduction to be made available for obligation in FY 2025. |
| B2 | This amount represents anticipated collections of $18,265,250,000 that include: $18,198,000,000 from pension plan insurance premiums, terminated pension plan assets and investment income; $250,000 from one reimbursable interagency agreement with the Department of the Treasury for legal, technical, and actuarial information necessary to support the Multiemployer Pension Reform Act (MPRA) requirements; and $67,000,000 for estimated reimbursements from plans that previously received traditional financial assistance and are now eligible to receive special financial assistance. |
| B3 | Amounts for the Consolidated Administrative Budget represent the FY 2025 initial apportionment at the current services level. Additionally, amounts displayed for Benefit Payment, Financial Assistance and Investment Management Fees represent full-year estimated FY 2025 funding. |
Notes about this page
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