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 ?
But because we're still living in times of austerity, many local authorities say they are grossly under-funded and are effectively turning a blind eye to the problem.
The children of Northumberland are continually short-changed and under-funded ( they deserve better.
412 (1) establishes funding requirements for certain under-funded defined-benefit plans, generally based on a plan's unfunded current liability.
Two-thirds feel their school districts are under-funded, and 93% feel Ohio schools overall are under-funded.
The goal was basically to say the program is under-funded because people aren't paying high-enough premiums.
The pension fund of Delta, like that of Northwest, is under-funded by billions of dollars, The Associated Press reported.
Both have been blatantly under-funded for about a decade.
The research, funded by the Alzheimer's Research Trust, is published in the British Medical Journal and chief executive Rebecca Wood said: "Research is under-funded and we need to do more to accelerate progress to finding effective treatments for the symptoms and disease.
If a workers' comp or other benefit plan is under-funded or not fully insured, the entire cost of a claim may become your burden or your client's, not the PEO's.
A report by the World Heritage Committee of the United Nations says the stress of a mounting number of visitors, unreliable and under-funded repairs and maintenance, the danger of fire, the presence of unsuitable large animals such as fallow deer and ostriches, and feral cats and rats that attack nesting seabirds, are all taking their toll.
Under-staffed and under-funded orphanages can do little to help the overwhelming numbers entrusted to their care to prepare for life on their own after the age of majority.