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current liability |
Also found in: Wikipedia, Hutchinson | 0.02 sec. |
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This legislation increases the deductibility limit to 140% of current liability, allowing plans to save more for future retirees and avoid future funding shortfalls. 412 (1)(7)(C)(ii) (and parallel Employee Retirement Income Security Act of 1974 Section 302(d)(7)(C)(ii)) to determine current liability for participants and beneficiaries (other than disabled participants) of defined-benefit plans for plan years beginning in 2007. Unfortunately, the current liability system has failed patients. |
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