### Question
How is the "funded current liability percentage" defined?


### Answer
The term **funded current liability percentage** is defined in *29 U.S.C. § 1082* as follows -

> given such term by paragraph (8)(B), except that such percentage shall be determined for any plan year—


(i) without regard to paragraph (8)(E), and


(ii) by using the rate of interest which is the highest rate allowable for the plan year under paragraph (7)(C).

#### Citation:
  - *29 U.S.C. § 1082*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 3-funding**

