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 ?
Farage is set for an EU funded pension of PS65,000 a year, will he spit on that and say he wants nothing from the EU?
By the end of 2018, about one billion euros had accumulated in these companies, according to the statistics in the Annual Report 2018 of the Agency for Supervision of the Fully Funded Pension Insurance (MAPAS).
Previously, in December 2016 this number was 427,025 members, shows the data of the Agency for Supervision of Fully Funded Pension Insurance (MAPAS).
Denmark continued to hold onto the top position in 2014 with its well: funded pension system with its good coverage, high level of assets and contributions, the provision of adequate benefits and a private pension system with developed regulations are the primary reasons for its top spot.
Also last year, pension fund assets surpassed 90 per cent of total assets in the funded pension system in Australia, Chile, Czech Republic, Finland, Iceland, Israel, Japan, Mexico, Portugal and the Slovak Republic.
We think that Russia's total funded pension pot will grow by $10-12b per year in the future.
By all indications, Zerhusen and Baltimore County are another step closer to a fully funded pension (and a top-notch recycling system).
In its first-quarter earnings statement, Ford said the voluntary payout is part of the company's long-term strategy to de-risk its global funded pension plans.
paid by the tax payer, should have their pay cut by 10% and a cessation of all bonuses, perks and a reduction of 50% of their annual pensions (as they won't miss it); 4) Once they are receiving a tax payer funded pension they are not to work again or forfeit their pension; 5) All lower paid workers on a wage freeze to have an annual wage rise in line with council tax increases in their county.
That retirement benefit came from three sources: an employer funded pension, an employee funded annuity and Social Security.
Tariff rate of insurance premiums from employers was reduced to 2%, which forms part of a funded pension. The Social Fund offers to increase the contribution rate in State Accumulative Pension Fund from 2% to 3% on income accrued in favor of the employee from 2014.
Australia and Japan each had 3% of the global market, while the emerging economies of Asia and Central and Eastern Europe, which are still in the early stages of building up their individual funded pension systems, represented currently only minor shares (1.8% and 0.4%, respectively).