Underfunded


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Related to Underfunded: overfunded, Underfunded Pension

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 ?
For the first round of reporting, the state Treasury Department has found more than 110 out of 490 local units of government have been preliminarily identified as having an underfunded pension plan or retirement health care plan, or both.
Demands on students are ever increasing and institutions services are too often underfunded and not fit for purpose," she added.
Under the grant program, the CERF invites partners to identify projects that could qualify under CERF's guidelines for underfunded emergencies.
Underfunded defined benefit plans remain, though, a potential problem if, and when, a plan's benefit payments exhaust its assets.
The 9/10 frontline staff think Scotland's vital colleges are being underfunded
Here's our wild prediction: We'll hear more about this underfunded pension plan.
Lower cash flows in the short term can increase short-term earnings, but may leave the plan underfunded.
The growing issues arising from underfunded benefit plans are beginning to have a significant impact on many employers and their employees.
WE are having floods caused by underfunded land and river management schemes; dangerous mental health patients wandering the streets in the underfunded care-in-the-community scheme; sick people being encouraged to stay at home for treatment to relieve pressure on hospitals whilst the district nurse budgets are being cut; and an ongoing and rapidly growing problem providing care for the elderly.
General manager, Chris Bond said: "The Scala has always been underfunded and keeping it running has always been a struggle, but now we are facing further cuts of 25% in April.
Currently, these plans are woefully underfunded with varying ominous estimates being released as of late.
In 2010 INAC sent over $330 million back to the federal Treasury Board while First Nations schools continue to be underfunded.