funded pension plan

funded pension plan
One containing sufficient funds as contributed by a corporation to meet current and future retirement benefit obligations. The Employee Retirement Income Security Act (ERISA) regulates funding of pension plans

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • funded pension plan — A pension plan in which all liabilities ( liability), including payments to be made to pensioners in the immediate future, are completely funded. Bloomberg Financial Dictionary …   Financial and business terms

  • funded pension plan — One containing sufficient funds as contributed by a corporation to meet current and future retirement benefit obligations. The Employee Retirement Income Security Act (ERISA) regulates funding of pension plans …   Black's law dictionary

  • Advanced 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 …   Investment dictionary

  • advance funded pension plan — A pension plan in which funds are set aside in advance of the date of retirement. Bloomberg Financial Dictionary …   Financial and business terms

  • pension plan — A plan established and maintained by an employer primarily to provide systematically for the payment of definitely determinable benefits to his employees, or their beneficiaries, over a period of years (usually for life) after retirement.… …   Black's law dictionary

  • Unfunded 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… …   Investment dictionary

  • Canada 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… …   Wikipedia

  • Defined 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… …   Wikipedia

  • Money-Purchase Pension Plan — A pension plan to which employers and employees make contributions based on a percentage of annual earnings, in accordance with the terms of the plan. Upon retirement, the total pool of capital in the member s account can be used to purchase a… …   Investment dictionary

  • Pay 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… …   Investment dictionary

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