Unfunded vested benefits

Unfunded vested benefits means, as described in section 4213 of ERISA, the amount by which the value of nonforfeitable benefits under the plan exceeds the value of the assets of the plan.

Source

29 CFR § 4206.2

Scoping language

The following are defined in 4001.2 of this chapter: Code, employer, ERISA, multiemployer plan, PBGC, plan, and plan year.