A firm's liability to the individuals that are covered under their pension plan. This is limited to 39 percent of the firm's total net worth due to the Employee Retirement Income Security Act of 1974 (ERISA).
Related information about contingent pension liability:
- What is contingent pension liability? definition and meaning
Definition of contingent pension liability: A firm's liability to the individuals that are covered under their pension plan. This is limited to 39 percent of the firm's total ...
- Contingent Pension Liability: Definition from Answers.com
the liability of a firm to its pension plan participants. The employee retirement income security act (ERISA) limits this liability to 39% of the firms.
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Financial Definition of Contingent pension liability and related terms: Under ERISA, the firm is liable to the plan participants for up to 39% of the net ...
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