### Question
What does modified funded percentage mean?


### Answer
**Modified funded percentage** has the following meaning in *29 U.S.C. § 1432*:

> the percentage equal to a fraction the numerator of which is current value of plan assets (as defined in section 1002(26) of this title) and the denominator of which is current liabilities (as defined in section 431(c)(6)(D) of title 26 and section 1084(c)(6)(D) of this title)

#### Citation:
  - *29 U.S.C. § 1432*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER III-PLAN TERMINATION INSURANCE > Subtitle E-Special Provisions for Multiemployer Plans > part 4-financial assistance**

