by financegrunt » Wed Jan 23, 2019 1:53 pm
This may help you out from an official/legal perspective!
The Avaya Holdings Corp. (AVYA) FORM 10-Q (Quarterly Report) as filed with the SEC on March 2, 2018 contains the following wording on page #27, “On December 15, 2017, the unfunded ASPP, a non-qualified excess benefit pension plan, was also terminated and settled. Benefit liabilities for ASPP participants were included as allowed claims in the general unsecured recovery pool. Settlement consideration of $17 million in the form of allowed claims payable to ASPP participants was estimated based upon claims data as of the Emergence Date as amounts due to individual general unsecured creditors had not been finalized and paid. As a result of the termination, the Company's projected benefit obligation was reduced by $88 million."
Note: ASPP (Avaya Supplemental Pension Plan)