TITLE 26.
INTERNAL REVENUE CODE
§ 430.
Minimum funding standards for single-employer defined benefit pension plans., 26 USCS § 430
Summary
(a) Minimum required contribution. For purposes of this section and section 412(a)(2)(A) [26 USCS § 412(a)(2)(A)], except as provided in subsection (f), the term “minimum required contribution” means, with respect to any plan year of a defined benefit plan which is not a multiemployer plan—
(1)in any case in which the value of plan assets of the plan (as reduced under subsection (f)(4)(B)) is less than the funding target of the plan for the plan year, the sum of—
(A)the target normal cost of the plan for the plan year,
(B)the shortfall amortization charge (if any) for the plan for the plan year determined under subsection (c), and
(C)the waiver amortization charge (if any) for the plan for the plan year as determined under subsection (e);
(2)in any case in which the value of plan assets of the plan (as reduced under subsection (f)(4)(B)) equals or exceeds the funding target of the plan for the plan year, the target normal cost of the plan for the plan year reduced (but not below zero) by ...