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Unfunded pension plan |
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Unfunded pension planA pension plan which is funded by an employer from current income for the benefit of retirees.Unfunded pension planProvides for the employer to pay out amounts to retirees or beneficiaries as and when they are needed. There is no money put aside on a regular basis. Instead, it is taken out of current income.Unfunded pension plan Similar MatchesUnfunded debtUnfunded debtDebt maturing within one year (short-term debt). See: Funded debt. Unfunded unapproved retirement benefits schemeUnfunded unapproved retirement benefits schemeAn unfunded occupational pension scheme that is not designed to be approved by the Pension Schemes Office. |
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