### Question
How does RESIGNATION AND RETIREMENT OF JUSTICES AND JUDGES define unfunded liability?


### Answer
Under *28 U.S.C. § 377*, **unfunded liability** is defined as:

> the estimated excess, determined on an annual basis in accordance with the provisions of section 9503 of title 31, of the present value of all benefits payable from the Judicial Officers’ Retirement Fund over the sum of—


(i) the present value of deductions to be withheld under this section from the future basic pay of bankruptcy judges and magistrates

#### Citation:
  - *28 U.S.C. § 377*
  - Heading: **PART I-ORGANIZATION OF COURTS > CHAPTER 17-RESIGNATION AND RETIREMENT OF JUSTICES AND JUDGES**

