### Question
Can you define what waived funding deficiency means?


### Answer
**Waived funding deficiency** is defined as the following in *29 U.S.C. § 1083*:

> the portion of the minimum funding standard (determined without regard to subsection (b)(3)(C) of section 1082 of this title) for a plan year waived by the Secretary of the Treasury and not satisfied by employer contributions

#### Citation:
  - *29 U.S.C. § 1083*
  - Heading: **CHAPTER 17-COMPREHENSIVE EMPLOYMENT AND TRAINING PROGRAMS > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 3-funding**

