unfunded pension plan
1Unfunded Pension Plan — An employer managed retirement plan that uses the employer s current income to fund pension payments as they become necessary. This is in contrast to an advance funded pension plan where an employer sets aside funds systematically and in advance… …
2unfunded pension plan — Provides for the employer to pay out amounts to retirees or beneficiaries as and when they are needed. There is no money put aside on a regular basis. Instead, it is taken out of current income. Bloomberg Financial Dictionary …
3Advanced Funded Pension Plan — A pension plan that is funded concurrently with the employee s accrued benefits, such that the funds are set aside well before the employee s retirement. Advanced funded pension plans are generally defined contribution plans, and are fully funded …
4Defined benefit pension plan — For the defined contribution pension plan, see Defined Contribution Pension Plan. In economics, a defined benefit pension plan is a major type of pension plan in which an employer promises a specified monthly benefit on retirement that is… …
5Pension Benefit Guaranty Corporation — (United States) Agency overview Formed September 2, 1974 …
6Plan termination — for ERISA defined benefit pension plans, is either the voluntary act of a pension plan sponsor who no longer believes that the costs of providing the pension outweighs its benefits, or the involuntary termination by the PBGC when the federal… …
7Pension — This article is about the retirement income arrangement. For the type of lodging, see Pension (lodging). For the mortgage repayment scheme, see Mortgage loan. Financial market participants …
8Pension provision in the United Kingdom — UK Pension Provision falls into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal Accounts automatic… …
9unfunded plan — noun : a pension or retirement plan under which the employer is free to finance payments to retired workers on a pay as you go basis compare insured plan, trusteed plan …
10Retirement plan — A retirement plan is an arrangement to provide people with an income, or pension, during retirement, when they are no longer earning a steady income from employment. Retirement plans may be set up by employers, insurance companies, the government …
