Examlex
It is said that some frictional unemployment is inevitable. What is the reason that some frictional unemployment is inevitable?
Overfunded
A situation where a pension plan's assets exceed its liabilities, indicating that there are more than enough funds to meet future obligations.
Underfunded
A term referring to insufficient funding to meet future obligations or commitments.
Funding Requirements
The total amount of capital needed to support a business's operations, projects, or to fulfill other financial commitments.
Actuarial Assumptions
The hypotheses about demographic, financial, and other variables that actuaries use to calculate the liabilities and expenses of insurance and pension plans.
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