Funding level: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 27/8/13) |
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''Pensions.'' | ''Pensions.'' | ||
The relationship at a specified date (often the valuation date) between the value of the assets and the value of the liabilities of a defined benefit pension scheme, often expressed as a ratio (the ‘funding ratio’). | The relationship at a specified date (often the valuation date) between the value of the assets and the value of the liabilities of a defined benefit pension scheme, often expressed as a ratio (the ‘funding ratio’). | ||
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(Not to be confused with the ''deficit'', which in this example is 100 - 90 = 10.) | (Not to be confused with the ''deficit'', which in this example is 100 - 90 = 10.) | ||
== See also == | == See also == | ||
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* [[Statement of funding principles]] | * [[Statement of funding principles]] | ||
* [[Statutory funding objective]] | * [[Statutory funding objective]] | ||
Revision as of 13:16, 27 August 2013
Pensions.
The relationship at a specified date (often the valuation date) between the value of the assets and the value of the liabilities of a defined benefit pension scheme, often expressed as a ratio (the ‘funding ratio’).
The funding level is frequently expressed as a percentage. For example, when assets are 100 and liabilities are 90, the funding level is 90/100 = 90%.
(Not to be confused with the deficit, which in this example is 100 - 90 = 10.)
