Federal award · direct payment for specified use, as a subsidy or other non-reimbursable direct financial aid (c)

Local 888 Pension Fund

Special Financial Assistance Provided to Multiemployer Pension Plans Pursuant to the American Rescue Plan Act of 2021 and Section 4262 of Erisa

Committed

$104.6 Million

Paid to

475 Market Street, Suite 307, Elmwood Park, NJ, 07407

Pension Benefit Guaranty Corporation

Place

NJ, UNITED STATES

What it funds

Award type

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Federal award · direct payment for specified use, as a subsidy or other non-reimbursable direct financial aid (c)

Special Financial Assistance Provided to Multiemployer Pension Plans Pursuant to the American Rescue Plan Act of 2021 and Section 4262 of Erisa

Committed

$104.6 Million

Paid to

Local 888 Pension Fund

475 Market Street, Suite 307, Elmwood Park, NJ, 07407

Pension Benefit Guaranty Corporation

Place

NJ, UNITED STATES

What it funds

Award type

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .