Yes exactly.
But it would also depend on time.
60' for 60" is the decom limits, after that you get into decompression tables (the dreaded "Bends")
The usual formula is 1 Atm (14.7 PSI per atm. per 33' (or 34' for fresh) water.
Double or more the RNT (Retained Nitrogen) + the current Nitrogen loading, & you're into decom.
That's why Tektite 1 was at 31' BSL. You can saturate all the tissue groups & you still won't "bend".
This is based on the U.S. Navy dive table & has a 10% error factor.
For superbly fit Navy Seals.
For the purpose of a pump it means nothing, because "The Bends" is retained Nitrogen, not total pressure. But gives good well researched idea of compression per foot.
One thing they do when you're training for SCUBA is to take a blown up balloon with you it shrinks as it pressurizes to ambient. At 60' its one quarter (more or less) of its surface volume.
Then you exhale one breath into a different balloon at depth & watch as you come up.
It frequently bursts.