### Question
How does General Provisions define unfunded accrued liability?


### Answer
Under *29 U.S.C. § 1002*, **unfunded accrued liability** is defined as:

> 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 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle A-General Provisions**

