funded pension
21Pension Protection Fund — The Board of the Pension Protection Fund (the PPF) is a Statutory Fund in the United Kingdom. It was created under the Pensions Act 2004. The Board of the PPF is a Statutory Corporation responsible for managing the Fund and for making payments to …
22Funded Status — The status of pension plan that has accumulated assets that have been set aside for the payment of retirement benefits to employees. Unfunded plans, also called pay as you go arrangements, do not have assets set aside and retirement benefits are… …
23pension — noun ADJECTIVE ▪ adequate, big, decent, generous, good (all esp. BrE) ▪ inadequate, meagre/meager, small (all esp. BrE) ▪ …
24funded — Said of a pension plan or other obligation when funds have been set aside for meeting the obligation when it becomes due. See also fund (funded debt) …
25funded — Said of a pension plan or other obligation when funds have been set aside for meeting the obligation when it becomes due. See also fund (funded debt) …
26Fully Funded — A pension plan that has sufficient assets needed to provide for all accrued benefits. In order to be fully funded, the plan must be able to make all the anticipated payments to pensioners. A plan s administrator is able to predict the amount of… …
27Unfunded 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… …
28Pay As You Go Pension Plan — A retirement scheme where the plan beneficiaries decide how much they want to contribute either by having the specified amount regularly deducted from their paycheck or by contributing the desired amount in a lump sum. A pay as you go pension… …
29Defined 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… …
30Canada Pension Plan — The Canada Pension Plan (CPP) is a contributory, earnings related social insurance program. It forms one of the two major components of Canada s public retirement income system, the other component being Old Age Security (OAS). Other parts of… …
