Employers with no employees and negative employer assets are assigned a minimum monthly contribution.
For most employers, the 2009 minimum contribution is based on an six-year period at 18.009% of the unfunded liability.
Calculation of Minimum Contribution
|
Unfunded obligation liability |
$129,659 |
|
Multiplied by the 8-year amortization factor |
.18009 |
|
Required minimum contribution |
$ 23,350 |
|
Minimum Monthly Contribution |
$1,946 |