liquidity shortfall
Defined in 4 places across 2 titles — 2 distinct definitions of the United States Code.
The term “liquidity shortfall” means, with respect to any required installment, an amount equal to the excess (as of the last day of the quarter for which such installment is made) of—
(I) the base amount with respect to such quarter, over
(II) the value (as of such last day) of the plan's liquid assets.
Same definition in 2 sections
- 2006–present26 U.S.C. § 430Internal Revenue Code · Minimum funding standards for single-employer defined benefit pension plans · for purposes of this section
- 2007–present29 U.S.C. § 1083Labor · Minimum funding standards for single-employer defined benefit pension plans · for purposes of this section
The term "liquidity shortfall" means, with respect to any required installment, an amount equal to the excess (as of the last day of the quarter for which such installment is made) of the base amount with respect to such quarter over the value (as of such last day) of the plan's liquid assets.
Same definition in 2 sections
- 2014–present26 U.S.C. § 433Internal Revenue Code · Minimum funding standards for CSEC plans · in 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 Repealed.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 · in this section