Federal agency
Pension Benefit Guaranty Corporation (PBGC)
$6.6 Billion committed in FY2025
- Mission
- Enhance retirement security by preserving and encouraging the continuation of private pension plans, and protecting the benefits of workers and retirees in traditional pension plans.
- Sub-agencies
- 1 bureaus and offices
- Website
- https://www.pbgc.gov/ ↗
- Agency code
- 1602
How the money flows
Committed dollars by how the money leaves PBGC.
Direct payments
$6.2B
93%
Contracts
$291.6M
4%
Loans
$168.5M
3%
Where the money goes
Top destinations of PBGC's committed dollars. Direct payments to individuals (Medicare, Social Security, …) are aggregated by the government, so they show as the federal program rather than a named recipient.
What they buy
Top products and services PBGC buys under contract, by dollars committed.
Support- Management: Financial
$107.3M
Support- Professional: Other
$89.6M
Support- Management: Contract/Procurement/Acquisition Support
$14.2M
Support- Management: Accounting
$12.5M
It and Telecom - Network Support Services (Labor)
$11.1M
It and Telecom - Business Application/Application Development Support Services (Labor)
$9.0M
Support- Professional: Legal
$8.5M
Special Studies/Analysis- Accounting/Financial Management
$7.5M
It and Telecom - Business Application Software (Perpetual License Software)
$5.9M
Support- Management: Data Collection
$4.7M
Awards
The largest individual awards issued by PBGC.
Competition
How competitively PBGC's contract dollars were awarded. 'Not available' is legitimate sole-source (a single source — utilities, proprietary parts); 'not competed' is the flag worth a second look.
Competed
$270.2M
93%
Not competed
$20.8M
7%
Not available for competition
$547,872
Contract set-asides
Contract dollars PBGC reserved before bidding for a specific kind of firm — small business, 8(a), service-disabled-veteran, women-owned, HUBZone — versus full and open competition.
Small business
$9.5M
3%
8(a)
$2.8M
<1%
HUBZone
$22,975
<1%
Where it lands
Top states by place of performance — where PBGC's work is done or its money lands, by dollars committed.
New York
$1.9B
California
$1.4B
By fiscal year
Committed dollars grew 1,329% across FY2018–FY2025. PBGC's committed dollars per fiscal year, FY2018–FY2026.
* FY2026 is year-to-date — the fiscal year is still in progress, so its total is still filling in. The striped band and dashed line mark that provisional stretch.
How to read these numbers
- Committed, not paid
Every figure is money this agency committed — legally promised by signing a contract or awarding a grant — counted in the year each action happened, not cash out the door.
- From FY2018 on
Agency pages start at fiscal year 2018, the first year of complete federal-assistance reporting. Earlier years aren't shown rather than shown wrong.
- Awards, counted once
An award count is the number of distinct awards with at least one action that year — each counted once, however many times it was amended.
- Benefits show as programs
Medicare, Social Security, and other direct payments to individuals are aggregated by the government, so under Where the money goes they appear as the program, not a named recipient.
- The colored bars
Every bar on this page splits by how the money moves:
Direct payments
