### Question
How is the term vested liabilities defined?


### Answer
The term **vested liabilities** is defined in *29 U.S.C. § 1002* as the following:

> the present value of the immediate or deferred benefits available at normal retirement age for participants and their beneficiaries which are nonforfeitable

#### Citation:
  - *29 U.S.C. § 1002*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle A-General Provisions**

