### Question
How does the law define waived funding deficiency?


### Answer
Under *29 U.S.C. § 1083*, **waived funding deficiency** is defined as:

> the portion of the minimum funding standard (determined without regard to subsection (b)(3)(C) of section 1082 of this title) for a plan year waived by the Secretary of the Treasury and not satisfied by employer contributions

#### Citation:
  - *29 U.S.C. § 1083*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 3-funding**

