Underfunded pension plan

(redirected from Under-Funded Pension Plan)

Underfunded pension plan

A pension plan that has a negative surplus (i.e., liabilities exceed assets).

Underfunded Pension Plan

A pension plan that has more liabilities than assets. That is, the retirees covered under the pension plan have been promised more than the plan contains. This may happen for a variety of reasons, such as the pension's investments not going as expected, or perhaps retirees are living longer than expected. It can lead to bankruptcy, though some pension plans have government guarantees.
References in periodicals archive ?
McClatchy said in a statement that it would use the most of the proceeds from the deal -- $163 million -- to help refresh its under-funded pension plan and another big chunk -- $65 million -- to holders of 2017-maturity bonds.
2 million company contribution to the under-funded pension plan.
This means that its under-funded pension plan obligations have been transferred to the federal insurer with a significantly reduced payout to retirees.
Does an under-funded pension plan simply reflect poor recent performance of the stock market, or does it represent a serious long-term liability?
A decline in the run-rate cash funding requirements associated derived from the company's under-funded pension plan.
2 million payment to the under-funded pension plan while employee contributions would increase by 1 percent so they equal the company's contribution of 9.
Unresolved issues at the start of the lockout included health care costs, work rule changes, finding a replacement for the company's under-funded pension plan and training concerns at the Middletown facility.
The under-funded pension plan (81% funded, $607 million deficit as of Dec.
Cash will first be used to settle asbestos claims and to shore up the under-funded pension plan.
Management is reviewing all options to mitigate the impact that the under-funded pension plan will have on the Company's financial position and results of operations.
In an effort to shore up under-funded pension plans, the Lane Transit District board has voted unanimously to adopt a less expensive plan for administrative employees who are hired after Jan.
Almost every week in the media, there is an article about under-funded pension plans and looming labour shortages.