HomeDefinitionsCompareDebt Advance funded pension planThe financial definition for Advance funded pension plan:A pension plan in which funds are set aside in advance of the date of retirement. Similar MatchesContingent pension liabilityContingent pension liabilityUnder ERISA, a firm is liable to its pension plan participants for up to 39% of the net worth of the firm. Funded pension planFunded pension planA pension plan in which all liabilities, including payments to be made to pensioners in the immediate future, are completely funded. Master pension planMaster pension planSee: Prototype plan Further SuggestionsOverfunded pension planPension Benefit Guaranty Corporation (PBGC) Pension liabilities Pension plan Pension reversion Pension sponsors Salary Reduction Simplified Employee Pension Plan (SARSEP) Click to compare definitions of Advance funded pension plan Click to view definitions beginning ad |