unfunded plan

noun

: a pension or retirement plan under which the employer is free to finance payments to retired workers on a pay-as-you-go basis compare insured plan , trusteed plan

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now