Examlex
How has the financing of elementary and secondary education changed in the United States since 1940? What is the primary reason for this trend?
Pension Plan
A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit.
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.
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