qualified current retiree liabilities
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 420 — for purposes of this section (12 versions over time)
The term “qualified current retiree liabilities” means, with respect to any taxable year, the aggregate amounts (including administrative expenses) which would have been allowable as a deduction to the employer for such taxable year with respect to applicable health benefits and applicable life insurance benefits provided during such taxable year if—
(i) such benefits were provided directly by the employer, and
(ii) the employer used the cash receipts and disbursements method of accounting.