Unfunded Pension Plan

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Unfunded pension plan

Provides for the employer to pay out amounts to retirees or beneficiaries as and when they are needed. There is no money put aside on a regular basis. Instead, it is taken out of current income.

A pension plan where a former employer pays pensioners out of current income. That is, the employer does not place money aside or invest funds on a regular basis to finance the pension. Obviously, an unfunded pension carries higher risk for both the pensioner and the employer; if the company goes through a difficult period, the pensioner may not have a pension for all his/her retirement while the employer has higher current liabilities.

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Advance Funded Pension Plan			A "top-hat" plan is an unfunded pension plan that benefits only "a select group of management or highly compensated employees. Tax and ERISA considerations associated with nonqualified severance ... by Clark, Thomas P.; Forman, Robert S. / Florida Bar Journal But unfunded pension plans are common in Germany, so there is at least an incentive to hold some balance sheet provision. Black-hole sums: the pensions industry is in dire straits and the ... by Hayward, Cathy / Financial Management (UK) In unfunded pension plans, the sponsoring employer sets aside money for payment of benefits in the period the money is disbursed to the retiree. Private pension coverage in nine countries by Dailey, Lorna M.; Turner, John A. / Monthly Labor Review			Unemployment Benefit Unemployment Compensation Amendment of 1992 Unemployment Compensation Tax Unemployment Rate Unencumbered Unencumbered Balance unencumbered property Unequal Voting Unethical Unexercised Option Unexpected Inflation Unexpired Cost Unfair Claims Practice Unfair Dismissal Unfair Labor Practice Unfair Trade Practice Unfair Trader Unfavorable Balance of Trade Unfavorable Variance Unfilled Orders Unfranked Income Unfreeze Unfriendly Takeover Unfunded Unfunded debt Unfunded Pension Plan Uniao monetaria Unicao de pagamento antecipado Unidad de cuenta Unidad de Fomento Unidad de negociacion Unidad monetaria europea Unidade Real de Valor Unidentified Transaction Unified Budget Unified Credit Unified Managed Account Unified Tax Credit Uniform Bank Performance Report Uniform Business Rate Uniform Commercial Code Uniform Customs and Practices Uniform Electronic Transactions Act Uniform Fiduciaries Act Uniform Gifts to Minors Act Uniform Individual Accident and Sickness Policy Provisions Act uniform laws Uniform Order Bill of Lading Uniform Partnership Act Uniform Practice Code Uniform Price Auction			UNFSA UNFSO UNFSSTD UNFSTD UNFTP unfueled unfulfillable unfulfilled unfulfilling unfulfillment unfulfillment of an assignment unfulfillment of duty Unfumed unfunctional unfunctional unfunded unfunded Unfunded Actuarial Accrued Liability Unfunded debt Unfunded debt Unfunded Environmental Leave Unfunded Investment Opportunity Unfunded Invitation for Bid Unfunded Liabilities Unfunded Liabilities Unfunded Liability Unfunded Liability Unfunded Mandates Reform Act of 1995 Unfunded Pension Unfunded Pension Plan Unfunded Pension Plans Unfunded Pension Scheme Unfunded Pension Schemes Unfunded Pensions Unfunded Priority List Unfunded Regular Programme Activity Unfunded Requirements Unfunded Unapproved Retirement Benefit Unfunded Unapproved Retirement Benefit Scheme unfunnier unfunniest unfunnily unfunniness unfunny unfurl unfurl unfurled unfurled unfurling unfurling unfurls unfurls UNFURN Unfurnish unfurnished unfurnished unfurnished UNFURNOTE unfurrowed Unfusible

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