### Question
How does reorganization; minimum contribution requirement for multiemployer plans define unfunded vested benefits?


### Answer
Under *29 U.S.C. § 1421*, **unfunded vested benefits** is defined as:

> with respect to a plan, an amount (determined in accordance with regulations prescribed by the Secretary of the Treasury) equal to—


(A) the value of nonforfeitable benefits under the plan, less


(B) the value of assets of the plan

#### Citation:
  - *29 U.S.C. § 1421*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER III-PLAN TERMINATION INSURANCE > Subtitle E-Special Provisions for Multiemployer Plans > part 3-reorganization; minimum contribution requirement for multiemployer plans**

