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Underfunded Pension Plan
(redirected from Underfunded Pension)

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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.
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BA agreed a recovery plan in June for its underfunded pension schemes, which it said would avoid closure of the two final salary company pension schemes, which together have nearly 100,000 members.
Iberia backing for BA by Huddersfield Daily Examiner (Huddersfield, England)
BA agreed a recovery plan in June for their underfunded pension schemes, which they said would avoid closure of the two final salary schemes, which together have nearly 100,000 members.
BA closer to Iberia merger by Daily Record (Glasgow, Scotland)
BA agreed a recovery plan in June for its underfunded pension schemes, which it said would avoid closure of the two final salary company pension schemes, which together have nearly 100,000 members.
Iberia back BA pensions recovery plan by Independent Television News Limited (ITN)
 
 
 
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