A plan's unfunded actuarially accrued liability is the excess of

Question

Quizplus · Accepted Answer

The unfunded actuarially accrued liability is the difference between the actuarially-determined pension liability (which takes into account the expected cost of future benefit payments) and the plan assets (which are the actual resources available to cover those future payments). It does not involve contributions, as those are considered when determining the actuarially-determined pension liability. Therefore, the correct answer is C.

A Plan's Unfunded Actuarially Accrued Liability Is the Excess of