{"identifier":"/us/usc/t29/s1393","title":29,"num":"\u00a7\u202f1393.","heading":"Actuarial assumptions","text":"\u00a7\u202f1393.\nActuarial assumptions\n(a)\nUse by plan actuary in determining unfunded vested benefits of a plan for computing withdrawal liability of employer\nThe corporation may prescribe by regulation actuarial assumptions which may be used by a plan actuary in determining the unfunded vested benefits of a plan for purposes of determining an employer\u2019s withdrawal liability under this part. Withdrawal liability under this part shall be determined by each plan on the basis of\u2014\n(1) actuarial assumptions and methods which, in the aggregate, are reasonable (taking into account the experience of the plan and reasonable expectations) and which, in combination, offer the actuary\u2019s best estimate of anticipated experience under the plan, or\n(2) actuarial assumptions and methods set forth in the corporation\u2019s regulations for purposes of determining an employer\u2019s withdrawal liability.\n(b)\nFactors determinative of unfunded vested benefits of plan for computing withdrawal liability of employer\nIn determining the unfunded vested benefits of a plan for purposes of determining an employer\u2019s withdrawal liability under this part, the plan actuary may\u2014\n(1) rely on the most recent complete actuarial valuation used for purposes of\nsection 412 of title 26\n(2) in the absence of complete data, rely on the data available or on data secured by a sampling which can reasonably be expected to be representative of the status of the entire plan.\n(c)\nDetermination of amount of unfunded vested benefits\nFor purposes of this part, the term \u201cunfunded vested benefits\u201d means with respect to a plan, an amount equal to\u2014\n(A) the value of nonforfeitable benefits under the plan, less\n(B) the value of the assets of the plan.","url":"https://projectusc.org/usc/t29/s1393.html","content":[{"t":"sec","id":"/us/usc/t29/s1393","children":[{"t":"num","text":"\u00a7\u202f1393."},{"t":"heading","text":"Actuarial assumptions"},{"t":"subsec","id":"/us/usc/t29/s1393/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Use by plan actuary in determining unfunded vested benefits of a plan for computing withdrawal liability of employer"},{"t":"chapeau","text":"The corporation may prescribe by regulation actuarial assumptions which may be used by a plan actuary in determining the unfunded vested benefits of a plan for purposes of determining an employer\u2019s withdrawal liability under this part. Withdrawal liability under this part shall be determined by each plan on the basis of\u2014"},{"t":"para","id":"/us/usc/t29/s1393/a/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" actuarial assumptions and methods which, in the aggregate, are reasonable (taking into account the experience of the plan and reasonable expectations) and which, in combination, offer the actuary\u2019s best estimate of anticipated experience under the plan, or","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t29/s1393/a/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" actuarial assumptions and methods set forth in the corporation\u2019s regulations for purposes of determining an employer\u2019s withdrawal liability.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t29/s1393/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Factors determinative of unfunded vested benefits of plan for computing withdrawal liability of employer"},{"t":"chapeau","text":"In determining the unfunded vested benefits of a plan for purposes of determining an employer\u2019s withdrawal liability under this part, the plan actuary may\u2014"},{"t":"para","id":"/us/usc/t29/s1393/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" rely on the most recent complete actuarial valuation used for purposes of ","children":[{"t":"ref","text":"section 412 of title 26","href":"/us/usc/t26/s412","tail":" and reasonable estimates for the interim years of the unfunded vested benefits, and"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t29/s1393/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" in the absence of complete data, rely on the data available or on data secured by a sampling which can reasonably be expected to be representative of the status of the entire plan.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t29/s1393/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Determination of amount of unfunded vested benefits"},{"t":"chapeau","text":"For purposes of this part, the term \u201cunfunded vested benefits\u201d means with respect to a plan, an amount equal to\u2014"},{"t":"subpara","id":"/us/usc/t29/s1393/c/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" the value of nonforfeitable benefits under the plan, less","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t29/s1393/c/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" the value of the assets of the plan.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}