### Question
How does the law define initial funded current liability percentage?


### Answer
Under *29 U.S.C. § 1082*, **initial funded current liability percentage** is defined as:

> the funded current liability percentage as of the first day of the first plan year beginning after December 31, 1994

#### Citation:
  - *29 U.S.C. § 1082*
  - Heading: **CHAPTER 17-COMPREHENSIVE EMPLOYMENT AND TRAINING PROGRAMS > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 3-funding**

