covered benefit plan
(11) Adjustment with respect to defined benefit pensions (A) In general Except as otherwise provided in rules prescribed by the Secretary in regulations or other guidance, adjusted financial statement income shall be— (i) adjusted to disregard any amount of income, cost, or expense that would otherwise be included on the applicable financial statement in connection with any covered benefit plan, (ii) increased by any amount of income in connection with any such covered benefit plan that is included in the gross income of the corporation under any other provision of this chapter, and (iii) reduced by deductions allowed under any other provision of this chapter with respect to any such covered benefit plan. (B) Covered benefit plan For purposes of this paragraph, the term “covered benefit plan” means— (i) a defined benefit plan (other than a multiemployer plan described in section 414(f) ) if the trust which is part of such plan is an employees’ trust described in section 401(a) which is exempt from tax under section 501(a), (ii) any qualified foreign plan (as defined in section 404A(e) ), or (iii) any other defined benefit plan which provides post-employment benefits other than pension benefits.