### Question
How is the term unfunded accrued liability defined?


### Answer
The term **unfunded accrued liability** is defined in *29 U.S.C. § 1002* as the following:

> 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**

