A plan's unfunded actuarially accrued liability is the excess of the:
A) Actuarially determined plan cost over the actual contribution.
B) Actuarially determined plan cost over the plan assets.
C) Actuarially determined pension liability over the plan assets.
D) Actuarially determined pension liability over the total contributions

Question

Quizplus · Accepted Answer

The unfunded actuarially accrued liability of a plan is the difference between the actuarially determined pension liability and the plan assets. This represents the amount of liability not covered by current plan assets.

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