Pension Benefit Guaranty Corporation Fund
Schedules
TAFS: 016-4204 2021/2030 - Pension Benefit Guaranty Corporation Fund
| Line # | Split | Description | Amount | Footnotes |
|---|---|---|---|---|
| 1000 | Unob Bal: Brought forward, Oct 1 | $0 | ||
| 1010 | Unob Bal: Transferred to other accounts | $0 | ||
| 1011 | Unob Bal: Transferred from other accounts | $0 | ||
| 1012 | Unob Bal: Transfers betw expired\unexpired accts | $0 | ||
| 1020 | Unob Bal: Adj to SOY bal brought forward, Oct 1 | $0 | ||
| 1021 | Unob Bal: Recov of prior year unpaid obligations | $0 | ||
| 1032 | Unob Bal: Refunds/recov temp precl ob (spec/trust) | $0 | ||
| 1033 | Unob Bal: Recov of prior year paid obligations | $0 | ||
| 1041 | Unob Bal: Antic recov of prior year unpd/pd obl | $0 | ||
| 1100 | BA: Disc: Appropriation | $0 | ||
| 1101 | BA: Disc: Appropriation (special or trust fund) | $0 | ||
| 1120 | BA: Disc: Approps transferred to other accounts | $0 | ||
| 1121 | BA: Disc: Approps transferred from other accounts | $0 | ||
| 1130 | BA: Disc: Appropriations permanently reduced | $0 | ||
| 1131 | BA: Disc: Unob bal of approps permanently reduced | $0 | ||
| 1132 | BA: Disc: Appropriations temporarily reduced | $0 | ||
| 1133 | BA: Disc: Unob bal of approps temporarily reduced | $0 | ||
| 1134 | BA: Disc: Appropriations precluded from obligation | $0 | ||
| 1150 | BA: Disc: Anticipated appropriation | $0 | ||
| 1151 | BA: Disc: Appropriations:Antic nonexpend trans net | $0 | ||
| 1170 | BA: Disc: Advance appropriation | $0 | ||
| 1171 | BA: Disc: Adv approp (special or trust fund) | $0 | ||
| 1173 | BA: Disc: Advance approps permanently reduced | $0 | ||
| 1174 | BA: Disc: Advance approps temporarily reduced | $0 | ||
| 1200 | BA: Mand: Appropriation | $0 | ||
| 1201 | BA: Mand: Appropriation (special or trust fund) | $0 | ||
| 1203 | SEQ | BA: Mand: Approp (previously unavail) (spec/trust) | $1,804,467 | See footnotes below |
| Footnotes for line 1203 (SEQ): | B1: This amount represents the FY 2024 temporary sequester reduction to be made available for obligation in FY 2025. | |||
| 1203 | BA: Mand: Appropriation (previously unavailable) | $0 | ||
| 1220 | BA: Mand: Approps transferred to other accounts | $0 | ||
| 1221 | BA: Mand: Approps transferred from other accounts | $0 | ||
| 1230 | BA: Mand: New\Unob bal of approps perm reduced | $0 | ||
| 1232 | SEQ | BA: Mand: New\Unob bal of approps temp reduced | $0 | |
| 1250 | BA: Mand: Anticipated appropriation | $12,037,387,623 | See footnotes below | |
| Footnotes for line 1250: | B2: Under Public Law 117-2, entitled the American Rescue Plan Act of 2021, PBGC will receive the necessary funding to provide payments to qualifying multiemployer plans as defined in this law to remain solvent through the end of plan year 2051. The period of availability for these resources is from FY 2021 through September 30, 2030. The requested $12,000,000,000 will fund FY 2025 Special Financial Assistance payments to qualifying plans, and $37,387,623 will fund FY 2025 administrative expenses related to the administration of this special financial assistance program. | |||
| 1251 | BA: Mand: Appropriations:Antic nonexpend trans net | $0 | ||
| 1255 | SEQ | BA: Mand: Antic indef approp perm/temp reduced | -$2,131,095 | |
| 1270 | BA: Mand: Advance appropriation | $0 | ||
| 1271 | BA: Mand: Adv appropriation(special or trust fund) | $0 | ||
| 1272 | BA: Mand: Advance approps permanently reduced | $0 | ||
| 1273 | BA: Mand: Advance approps temporarily reduced | $0 | ||
| 1700 | BA: Disc: Spending auth: Collected | $0 | ||
| 1700 | 1 | BA: Disc: Spending auth: Collected (UTF) | $0 | |
| 1700 | 2 | BA: Disc: Spending auth: Collected (BLDTF) | $0 | |
| 1700 | 3 | BA: Disc: Spending auth: Collected (Reimbursable) | $0 | |
| 1710 | BA: Disc: Spending auth: Trans to other accounts | $0 | ||
| 1711 | BA: Disc: Spending auth: Trans from other accounts | $0 | ||
| 1722 | BA: Disc: Spending auth: Permanently reduced | $0 | ||
| 1723 | BA: Disc: Spending auth: New\Unob bal temp reduced | $0 | ||
| 1740 | BA: Disc: Spending auth: Antic colls, reimbs, other (Reimbursable) | $0 | ||
| 1741 | BA: Disc: Spending auth: Antic nonexpend trans net | $0 | ||
| 1800 | BA: Mand: Spending auth: Collected | $0 | ||
| 1802 | BA: Mand: Spending auth: Previously unavailable | $0 | ||
| 1823 | BA: Mand: Spending auth: New\Unob bal temp reduced | $0 | ||
| 1840 | BA: Mand: Spending auth:Antic colls, reimbs, other | $0 | ||
| 1841 | BA: Mand: Spending auth: Antic nonexpend trans net | $0 | ||
| 1920 | Total budgetary resources avail (disc. and mand.) | $12,037,060,995 | ||
| 6016 | Special Financial Assistance | $12,000,000,000 | ||
| 6017 | Special Financial Assistance - Administrative Expenses | $37,060,995 | ||
| 6170 | Apportioned in FY 2026 | $0 | ||
| 6180 | Budgetary Resources: Withheld pending rescission | $0 | ||
| 6181 | Budgetary Resources: Deferred | $0 | ||
| 6182 | Budgetary Resources: Unappor bal, revolving fnd | $0 | ||
| 6183 | Budgetary Resources: Exempt from apportionment | $0 | ||
| 6190 | Total budgetary resources available | $12,037,060,995 | See footnotes below | |
| Footnotes for line 6190: | A1: <html>The amount on line 1255 (line split "SEQ") is the required sequester reduction from the FY 2025 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 2025 (March 11, 2024). During the remainder of the year, if the necessary administrative expenses are different from $37,387,623, 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 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.<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 1255 (line split "SEQ") is the required sequester reduction from the FY 2025 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 2025 (March 11, 2024).
During the remainder of the year, if the necessary administrative expenses are different from $37,387,623, 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 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.<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 | Under Public Law 117-2, entitled the American Rescue Plan Act of 2021, PBGC will receive the necessary funding to provide payments to qualifying multiemployer plans as defined in this law to remain solvent through the end of plan year 2051. The period of availability for these resources is from FY 2021 through September 30, 2030. The requested $12,000,000,000 will fund FY 2025 Special Financial Assistance payments to qualifying plans, and $37,387,623 will fund FY 2025 administrative expenses related to the administration of this special financial assistance program. |
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