### Question
How does EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM define unpredictable contingent event benefit?


### Answer
Under *29 U.S.C. § 1056*, **unpredictable contingent event benefit** is defined as:

> any benefit payable solely by reason of—


(i) a plant shutdown (or similar event, as determined by the Secretary of the Treasury), or


(ii) an event other than the attainment of any age, performance of any service, receipt or derivation of any compensation, or occurrence of death or disability

#### Citation:
  - *29 U.S.C. § 1056*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 2-participation and vesting**

