Government employees who are not covered under the BPOPF are covered under the unfunded pension plan
, which is financed from government revenues.
But one of LTD's most vocal critics said the district's outlook is dire given unfunded pension plan
liabilities and the cost to add the west Eugene EmX route.
Credit rating agency Moody's has upgraded British Airway's bonds to Baa3, citing the improvement in the company's operating performance in spite of volatile earnings, and the beginning of the company's plan to reduce its significant unfunded pension plan
This has left some states with seriously unfunded pension plans
and no good options to make catch-up payments.
At the start of 2006, according to The Wall Street Journal's Ian McDonald, the collective unfunded postretirement healthcare liability for Standard & Poor's (S & P) 500 firms was $321 billion, more than twice the unfunded pension plans
for these firms ("Health Benefits Ail as Pensions Heal," June 6, 2006).
In unfunded pension plans
, the sponsoring employer sets aside money for payment of benefits in the period the money is disbursed to the retiree.