Terms Beginning With 'u'

Underfunded Pension Plan

  • January 22, 2020
  • Team Kalkine

A retirement plan sponsored by a company with more liabilities than assets is an underfunded pension plan. In simple terms, the money required for current and future retirement protection is not readily available. This leaves the future retirees without any guarantee of receiving the pensions they were assured or that the existing retirees would continue to receive their previously established distribution sum.

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