Unfunded scheme

From ACT Wiki
Revision as of 00:56, 15 May 2020 by imported>Doug Williamson (Add link.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search


A Defined Benefit (DB) pension scheme where assets are not accumulated in advance of the benefits commencing to be paid.

Most UK public sector DB pension schemes are unfunded.

Corporate DB schemes in other jurisdictions may also be unfunded, for example in Germany.

See also