### Question
What does unfunded accrued liability mean?


### Answer
**Unfunded accrued liability** has the following meaning in *29 U.S.C. § 1002*:

> the excess of the accrued liability, under an actuarial cost method which so provides, over the present value of the assets of a pension plan

#### Citation:
  - *29 U.S.C. § 1002*
  - Heading: **CHAPTER 17-COMPREHENSIVE EMPLOYMENT AND TRAINING PROGRAMS > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle A-General Provisions**

