### Question
What is the definition of initial funded current liability percentage?


### Answer
The definition of **initial funded current liability percentage** is as follows in *26 U.S.C. § 412*:

> the funded current liability percentage as of the first day of the first plan year beginning after December 31, 1994

#### Citation:
  - *26 U.S.C. § 412*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART I-PENSION, PROFIT-SHARING, STOCK BONUS PLANS, ETC. > Subpart B-Special Rules**

