### Question
How does Minimum Funding Standards for Pension Plans define adjusted disbursements?


### Answer
Under *26 U.S.C. § 433*, **adjusted disbursements** is defined as:

> disbursements from the plan reduced by the product of—


(I) the plan's funded current liability percentage for the plan year, and


(II) the sum of the purchases of annuities, payments of single sums, and such other disbursements as the Secretary shall provide in regulations

#### Citation:
  - *26 U.S.C. § 433*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART III-RULES RELATING TO MINIMUM FUNDING STANDARDS AND BENEFIT LIMITATIONS > Subpart A-Minimum Funding Standards for Pension Plans**

