excess pension assets

(2) Excess pension assets The term “excess pension assets” means the excess (if any) of— (A) the lesser of— (i) the fair market value of the plan’s assets (reduced by the prefunding balance and funding standard carryover balance determined under section 430(f) ), or (ii) the value of plan assets as determined under section 430(g)(3) after reduction under section 430(f), over (B) 125 percent of the sum of the funding target and the target normal cost determined under section 430 for such plan year.


26 USC § 420(e)(2)

Scoping language

For purposes of this section
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