01 / Contract Profile
PBGC01CT160021 Federal Contract Award
Agency code 1665
DE-OBLIGATION OF EXCESS FY-23, FY-24, AND FY-25 FUNDS IN PREPARATION FOR CONTRACT CLOSEOUT.
02 / Contract Size and Status
What is the recorded size and timing of this contract?
03 / Spending Trend
PBGC01CT160021 contract spending by fiscal year
Annual net obligations across the complete period available for this agency and PIID, from the first recorded fiscal year through the latest contract action.
Latest fiscal year obligations-$4.29M
FY 2025Net obligationsComplete recorded range
| Fiscal year | Net obligations | Actions | Change |
|---|---|---|---|
| FY 2016 | $4.60M | 8 | — |
| FY 2017 | $4.13M | 7 | −10.2% |
| FY 2018 | $2.10M | 3 | −49.2% |
| FY 2019 | $4.13M | 6 | +96.9% |
| FY 2020 | $4.64M | 8 | +12.3% |
| FY 2021 | $6.44M | 6 | +38.7% |
| FY 2022 | $6.00M | 4 | −6.8% |
| FY 2023 | $5.99M | 3 | −0.2% |
| FY 2024 | $3.41M | 3 | −43.1% |
| FY 2025 | -$4.29M | 1 | −225.7% |
04 / Federal Buyer
Which organization manages this contract?
| Department | Contracting agency | Contracting office |
|---|---|---|
| PENSION BENEFIT GUARANTY CORPORATION | PENSION BENEFIT GUARANTY CORPORATION | PENSION BENEFIT GUARANTY CORP |
05 / Contractor
Who holds this federal contract?
WESTERN ASSET MANAGEMENT COMPANY
UEI LGKLHN9CCWN7 · CAGE 33VS0
06 / NAICS Industries
Which industries classify this contract?
| Code | Description | Obligations | Actions | Share |
|---|---|---|---|---|
| 523920 | PORTFOLIO MANAGEMENT | $37.16M | 49 | 100.0% |
07 / Products and Services
What products or services were purchased?
| Code | Description | Obligations | Actions | Share |
|---|---|---|---|---|
| R710 | SUPPORT- MANAGEMENT: FINANCIAL | $37.16M | 49 | 100.0% |
08 / Place of Performance
Where is the work recorded?
WASHINGTON, DISTRICT OF COLUMBIA, DISTRICT OF COLUMBIA, UNITED STATES
ZIP 200242101
09 / Contract Actions
What modifications and obligations were recorded?
| Signed date | Modification | Obligation | Contracting office | NAICS | PSC |
|---|---|---|---|---|---|
| Nov 25, 2025 | P00048 | -$4.29M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Nov 22, 2024 | P00047 | $1.95M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Nov 22, 2024 | P00046 | -$1.54M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Feb 26, 2024 | P00045 | $3.00M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Oct 28, 2023 | P00044 | $3.00M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Mar 9, 2023 | P00043 | $3.00M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Jan 26, 2023 | P00042 | -$13.6K | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Nov 3, 2022 | P00041 | $3.00M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Jul 22, 2022 | P00040 | $2.00M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Jul 7, 2022 | P00039 | -$938 | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Mar 28, 2022 | P00038 | $1.00M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Dec 9, 2021 | P00037 | $4.00M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Dec 1, 2021 | P00036 | $0 | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Aug 16, 2021 | P00035 | $200.0K | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
| Jun 14, 2021 | P00034 | $1.24M | PENSION BENEFIT GUARANTY CORPOffice code 16PBGC | 523920 | R710 |
10 / Reading the Contract
How should this award record be interpreted?
Read the PIID as a transaction history, not as a single purchase price. Net obligations combine the base action with later increases, reductions, corrections, and deobligations recorded under the same contract.
Verify the buyer
Agency and office identify who manages the procurement relationship.
Follow modifications
Each action can change funding, scope, dates, or administrative terms.
Compare the market
Use NAICS, PSC, and the contractor profile to identify related buyers and competitors.