### Question
How does Coverage define recovery ratio?


### Answer
Under *29 U.S.C. § 1322*, **recovery ratio** is defined as:

> the average ratio, with respect to prior plan terminations described in subparagraph (B), of—


(i) the value of the recovery of the corporation under section 1362, 1363, or 1364 of this title in connection with such prior terminations, to


(ii) the amount of unfunded benefit liabilities under such plans as of the termination date in connection with such prior terminations

#### Citation:
  - *29 U.S.C. § 1322*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER III-PLAN TERMINATION INSURANCE > Subtitle B-Coverage**

