### Question
What does unfunded vested benefits mean?


### Answer
**Unfunded vested benefits** has the following meaning in *29 U.S.C. § 1421*:

> with respect to a plan, an amount (determined in accordance with regulations prescribed by the Secretary of the Treasury) equal to—


(A) the value of nonforfeitable benefits under the plan, less


(B) the value of assets of the plan

#### Citation:
  - *29 U.S.C. § 1421*
  - Heading: **CHAPTER 17-COMPREHENSIVE EMPLOYMENT AND TRAINING PROGRAMS > SUBCHAPTER III-PLAN TERMINATION INSURANCE > Subtitle E-Special Provisions for Multiemployer Plans > part 3-reorganization; minimum contribution requirement for multiemployer plans**

