Underfunded


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Underfunded

Describing a program, account or anything else with insufficient assets to meet liabilities, especially but not necessarily in the short term. The term is often used with respect to pension schemes.
References in periodicals archive ?
Over time, this may result in an underfunded plan and adversely impact a firm's future earnings and its long-term value.
Goal: Providing immediate food assistance in life-threatening situations and underfunded emergencies.
The growing issues arising from underfunded benefit plans are beginning to have a significant impact on many employers and their employees.
The Welsh Government said it had consistently argued that the Barnett Formula underfunded the people of Wales, and said talks needed to be progressed by the UK Government - which in turn said there would be no replacement of Barnett until public finances were stabilised.
universities in Wales are clearly underfunded as well.
Generally speaking, the majority of ACT appeals are underfunded," said Colleen McCue, coordinator for finance and administration at Presbyterian World Service and Development.
Analysis of budgets allocated to GPs to pay for drugs and hospital care for their patients suggested the wealthiest tenth are overfunded by an average of more than 2% and the poorest underfunded by a similar proportion.
Analysis of budgets allocated to GPs to pay for drugs and hospital care for their patients suggested that the wealthiest tenth are overfunded by an average of more than two per cent and the poorest underfunded by a similar proportion.
Comptroller general David Walker, in an article for Newsweek, lambasted the shortsightedness of politicians and their refusal to fix an untenable situation--"Social Security is underfunded by $6 trillion in current-dollar terms.
Treasury provide guidance on new rules enacted as part of the Pension Protection Act of 2006 (PPA) that restrict benefits in underfunded pension plans.
State and local pension plans are underfunded by about $700,000,000,000.
The money, called equalization funding, was included in this year's state budget for underfunded schools in the Santa Clarita and Antelope valleys.