Referring to a superannuation fund in which the assets and liabilities are at least equal. In other words, all obligations to members can be met at any point in time. Opposite of Unfunded Liabilities.
In pension plans, refers to the situation in which the funds necessary to meet the financial obligations under the plan are accumulated in a reserve while the plan is in operation.
A pension plan with sufficient assets to pay all current and future benefits.
The point when the value of the scheme's assets meet its future liabilities. Fully funded scheme A scheme that has a 100% funding level. Funding level The funding level is the value of the schemes' assets expressed as a percentage of the scheme's liabilities.
A term describing a plan which, at a given time, has sufficient assets to provide for all pensions and other benefits in respect of service up to that date.
Referring to a superannuation fund whereby all financial obligations can be immediately met because assets are either equal or greater than liabilities.
In a retirement plan, a status in which the funds necessary to meet the financial obligations of the plan are accumulated in a reserve while the plan is in operation.
