### Question
What is the definition of unfunded liability?


### Answer
The definition of **unfunded liability** is as follows in *50 U.S.C. § 2001*:

> the estimated amount by which—


(A) the present value of all benefits payable from the fund exceeds


(B) the sum of—


(i) the present value of deductions to be withheld from the future basic pay of participants subject to subchapter II and of future Agency contributions to be made on the behalf of such participants

#### Citation:
  - *50 U.S.C. § 2001*
  - Heading: **CHAPTER 38-CENTRAL INTELLIGENCE AGENCY RETIREMENT AND DISABILITY > SUBCHAPTER I-DEFINITIONS**

