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Unfunded pension liability

When a company, town or state pays its pensions obligations to retirees out of current income rather than from a separate fund to which it has contributed over time.

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14y ago

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Related Questions

An unfunded pension liability is reported on the balance sheet as?

current liability or long-term liability, depending upon when the pension liability is to be paid


How can you use scheme in a sentence?

The bank also operates a small unfunded pension scheme.


Is pension fund a current liability or non current liability?

A pension fund is considered a non-current asset but it is a long term investment fund .


Why did Conservatives Criticize the governments unfunded mandate?

Unfunded mandates were required but not paid for.


What has the author Sara Ann Reiter written?

Sara Ann Reiter has written: 'Estimation issues in bond rating models' 'The use of bond market measures in financial accounting research' 'Accounting measures of unfunded pension liabilities and bond risk premiums (pension accounting and bond risk premiums)'


As a retired person is my pension and IRA fund subject to personal liability in case of law suit?

Unfortunately, yes, they are.


What is the responsibility of the Pension Benefit Guaranty Corporation?

If a company defaults on its retirement benefit obligations to its members or their dependents, the PBGC assumes liability.


Definition of unfunded mandates?

"An unfunded mandate is a statute or regulation that requires a state or local government to perform certain actions, yet provides no money for fulfilling the requirements."


What makes the epa one of the weakest agencies?

D. unfunded Menates


Is the gm pension safe in a bankruptcy?

On June 1, General Motors proposed a new pension plan aimed at reducing their pension liability by 26 billion dollars. The pension plan changes will affect approximately 42,000 qualified U.S. GM retirees and surviving beneficiaries. Since the plan offers either a lump-sum payment or a recurring monthly pension benefit, it is highly suggested that a qualified financial advisor be consulted prior to any final decisions in regard to pension plan option changes. The deadline for pensioners to make a decision is scheduled for July 20, 2012.


Why might a state argued that an unfunded mandate violates its rights?

Such laws are known as unfunded mandates.State officials complain that these laws violate,or go against,the rights of states.States may also disagree with what the congress wants them to do .


Since 1945 how many US wars were unfunded in the US budget?

Two