Fully funded

From CEOpedia | Management online
Jump to: navigation, search

Fully funded is a description of quality of pension plan. If the assets in the pension plan are enough to provide for all benefits accumulated by an employee, the plan is fully funded.

The plan depends on gathered capital as well as returns on investments. The annual benefits statement released by the company can help employees assess quality of their pension plan. If the plan is enough to cover benefits, it is fully funded.

Fully funded in education

The term fully funded can also refer to scholarship. Fully funded scholarship covers all the required costs as accomodation, insurance, food. The most known scholarships are:

  • Fulbright scholarship (USA)
  • CommonWealth scholarship (UK)
  • Amsterdam Excellence scholarship (Netherlands)
  • Public Service Commission (Singapore)


References

At work.png

This is an article stub.
If you are able to help improve this article, please feel free to edit it.