UNFUNDED PENSION PLAN


Meaning of UNFUNDED PENSION PLAN in English

A pension plan in terms of which the employer pays 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.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.