Noninsured plans

Noninsured plans

Defined benefit pension plans that are not guaranteed by life insurance products. Related: Insured plans.

Noninsured Plan

A defined-benefit pension plan on which payments are not guaranteed by a third party, such as an insurance company or a government.
References in periodicals archive ?
Australia has slightly more participants in insured defined contribution than in defined benefit plans (52 percent), but data for noninsured plans were not available.