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verb. un· der· fund ˌən-dər-ˈfənd. underfunded; underfunding; underfunds. transitive verb. : to provide insufficient funds for. Examples of underfund in a Sentence.
UNDERFUNDED definition: 1. If an organization is underfunded, it does not receive a large enough income: 2. If an…. Learn more.
receiving less money than is needed to continue or to work effectively: The delay probably is the result of an underfunded and understaffed operation. Falling equity markets have left most pension schemes seriously underfunded. (Definition of underfunded from the Cambridge Business English Dictionary © Cambridge University Press)
Jul 17, 2024 · An underfunded pension plan is a company-sponsored retirement plan that has more liabilities than assets. In other words, the money needed to cover current and future retirements is not...
Jul 12, 2023 · An underfunded pension plan is a retirement plan that has more projected liabilities, or future obligations, than it does assets or funds. This means the plan doesn't have enough money to pay out all of the future benefits that have been promised to employees.
Other forms: underfunded; underfunding; underfunds. To underfund is to provide an insufficient amount of money for something. If a school district underfunds its art program, there won't be enough paint, clay, and other materials to go around. To fund a project or organization is to provide the money needed to start it or keep it running.
a situation in which something is given less money than it needs: The chronic underfunding of the plan has resulted in a $64.8 million shortfall. After years of underfunding and mismanagement, the business was on the brink of bankruptcy.
2 days ago · Officials have not solved the problems that hobbled the response in 2022, including poor uptake of the vaccine and “a shockingly underfunded S.T.I. public health system,” Mr. Harvey said.
underfunded /ˌʌndɚ ˈ fʌndəd/ adjective. Britannica Dictionary definition of UNDERFUNDED. [more underfunded; most underfunded] : not having enough money to do what is needed. The city's school system is badly underfunded.
May 31, 2022 · Underfunded pension plans are retirement income plans that are not on track to be able to fully pay out what they promised to participants. Major U.S. corporate and public pension plans were generally underfunded as of 2021.
