0 used to describe a financial arrangement that has been agreed but for which there is not enough money available:
Unfunded liabilities are eliminated under these parameter settings.
That book is well-known for its ' ' three pillar ' ' model, entailing a mandatory unfunded pillar, a mandatory funded pillar, and a voluntary private pillar.
Public benefits are sometimes criticized on grounds that they incur a large unfunded liability that future generations will have to meet.
In addition to these private pension schemes, unfunded public-sector pension programmes that offer similar conditions are provided to state employees.
In other words, the moral hazard cost associated with failing to insure only a standardized portfolio is equal to 15 % of the current unfunded liability.
The bursaries were designed to assist researchers undertaking small, largely unfunded projects.
His article shows the implications for government finance of introducing consistent accounting for unfunded public sector and private sector liabilities.
In his model, unfunded pensions encourage education through an income effect.
