funded pension

funded pension

a PENSION scheme where savings contributions are invested to finance future pension payments. This type of scheme can be contrasted with PAY AS YOU GO schemes. See PENSION FUND.
References in periodicals archive ?
At what insurer your funded pension is formed, you can find out in the "Personal account of a citizen" on the website of the Pension Fund of Russia in the section "Managing pension savings funds", the service "Get information about the current insurer".
That retirement benefit came from three sources: an employer funded pension, an employee funded annuity and Social Security.
Several countries in the EU have over the past years introduced funded pension schemes that invest and generate money to future pensioners using the funds saved by contributors over the course of their professional careers.
Ottawa--Four in five Canadians are uncertain about the future of their private and employer funded pension plans and believe that their plans are in crisis because of underfunding, according to a Conference Board of Canada survey.
Currently, California tax law does not conform to provisions of the federal Economic Growth and Tax Relief Reconciliation Act of 2001 that apply to retirement plans and certain trusts, including provisions relating to annuities and proceeds of life insurance contracts, IRAs, employee annuities, qualified state tuition programs, retirement savings, deferred compensation plans, employee funded pension trusts, VEBAs and group legal service plans.
Andy Cherkas, head of the strategy economics practice for Europe at Tillinghast-Towers Perrin, said the question is simple for financial-services companies looking to the prospective changes in Europe: "How and when will the funded pension market open up?
In fact, the trust fund has never been more than an accounting fiction devised to perpetuate the myth of a funded pension.
The more generous the public pension system, the lower the amount of funded pension assets.
MAPAS, the Agency for Supervision of the Fully Funded Pension Insurance, says it is working hard on letting people know what their rights and responsibilities are in the field of pension insurance.
Tender are invited for services for printing, inserting and delivery of letters, print the annual report on the developments in the fully funded pension insurance
07% of GDP, said Bulent Dervishi from the Agency for Supervision of Fully Funded Pension Insurance.
Florida's 'AA+' debt rating and Stable Rating Outlook is based on the overarching credit characteristics of the state, including a moderate debt burden, sound financial management practices, large reserves, fully funded pension systems, and a robust, broad service-based economy with a long track record of growth.