funded percentage
Defined in 5 places across 2 titles — 4 distinct definitions of the United States Code.
The term "funded percentage" means the ratio (expressed as a percentage) which—
(i) the value of plan assets (as determined under subsection (c)(2)), bears to
(ii) the plan's funding liability.
Same definition in 2 sections
- 2014–present26 U.S.C. § 433Internal Revenue Code · Minimum funding standards for CSEC plans · under this section
- 2014–present29 U.S.C. § 1085ALabor · 1085a, 1085b, 1086. Repealed. Pub. L. 109280, title I, 101(a), Aug. 17, 2006, 120 Stat. 784 · under this section
For purposes of this paragraph, the term "funded percentage"—
(i) in the case of a single-employer plan, means the funding target attainment percentage, as defined in section 1083(d)(2) of this title, and
(ii) in the case of a multiemployer plan, has the meaning given such term in section 1085(i)(2) of this title.
Source
- 2007–present29 U.S.C. § 1023Labor · Annual reports · under this section
The term “funded percentage” means the percentage equal to a fraction—
(A) the numerator of which is the value of the plan’s assets, as determined under section 1084(c)(2) of this title, and
(B) the denominator of which is the accrued liability of the plan, determined using actuarial assumptions described in section 1084(c)(3) of this title.
Source
- 2007–present29 U.S.C. § 1085Labor · Additional funding rules for multiemployer plans in endangered status or critical status · for purposes of this section
The term “funded percentage” means the percentage equal to a fraction—
(A) the numerator of which is the value of the plan's assets, as determined under section 431(c)(2), and
(B) the denominator of which is the accrued liability of the plan, determined using actuarial assumptions described in section 431(c)(3).
Source
- 2006–present26 U.S.C. § 432Internal Revenue Code · Additional funding rules for multiemployer plans in endangered status or critical status · for purposes of this section