### Question
How does ORGANIZATION OF COURTS define unfunded liability?


### Answer
Under *28 U.S.C. § 178*, **unfunded liability** is defined as:

> the estimated excess, determined on an annual basis in accordance with the provisions of section 9503 of title 31, of the present value of all benefits payable from the Court of Federal Claims Judges Retirement Fund, over the balance in the Fund as of the date the unfunded liability is determined

#### Citation:
  - *28 U.S.C. § 178*
  - Heading: **PART I-ORGANIZATION OF COURTS > CHAPTER 7-UNITED STATES COURT OF FEDERAL CLAIMS**

