The amount, at any given time, by which future payment obligations exceed the present value of funds available to pay them. For example, a pension plan's payment obligations, including all income, death and termination benefits owed, are compared to the plan's present investment experience, and if the total plan obligations exceed the projected plan assets at any point in time, the plan has an unfunded liability.
Related information about unfunded liability:
- Unfunded Liability - Financial Dictionary - The Free Dictionary
Describing any liability or other expense that does not have savings or investments set aside to pay it. That is, the party responsible for paying an unfunded ...
- Unfunded Liability - The Free Dictionary
un·fund·ed ( n-f n d d). adj. 1. Not funded, as a floating debt. 2. Not furnished with funds: an unfunded project. ThesaurusLegend: Synonyms Related Words ...
- What is unfunded liability? definition and meaning
Definition of unfunded liability: That is not covered by an asset of equal or greater value.
- Understanding Public Pension Plan's Unfunded Liability
Jan 1, 2012 ... long term, the unfunded liability will not negatively impact the long ... Most retirement systems have a plan to pay off the unfunded liability in 20 ...
- Medicare Faces Unfunded Liability of $38.6T, or $328,404 for Each ...
Apr 23, 2012 ... (CNSNews.com) – Medicare faces an unfunded liability of $38.6 trillion, according to the Medicare Trustees report released Monday.
- Social Security Faces Unfunded Liability of $8.6T, or $73,167.83 Per ...
Apr 24, 2012 ... (CNSNews.com) - Social Security faces an unfunded liability of $8.6 trillion, according to the 2012 Annual Report of the Board of Trustees of the ...
- Cox and Archer: Why $16 Trillion Only Hints at the True U.S. Debt ...
5 days ago ... Included in the annual Medicare Trustees' report are separate actuarial estimates of the unfunded liability for Medicare Part A (the hospital ...
- PERS: Unfunded liability of pension funds tightens its grip around ...
Jun 18, 2012 ... billion statewide -- almost $700 per household -- will go to feed the pension system rather than public services. The base cost of PERS will ...