Super Finance Glossary
Over 10,000 financial glossary terms...
Unfunded Pension Plan
Unfunded Pension Plan
Definition: Provides 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.
Definition: Provides 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.