pre-funded pension a pension plan in that funds


Pre-Funded Pension: A pension plan in that funds are invested and accumulated throughout an individual's working life in order to pay for subsequent disbursement of pension benefits after that person has retired. Pre-funded pensions can be collective or individual (i.e. pooled) in nature; individual pre-funded pensions are comparable to individual savings accounts.

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Microeconomics: pre-funded pension a pension plan in that funds
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