actuarially sound retirement system

actuarially sound retirement system. A retirement plan that contains sufficient funds to pay future obligations, as by receiving contributions from employees and the employer to be invested in accounts to pay future benefits. Cf. NONACTUARIALLY SOUND RETIREMENT SYSTEM. [Cases: Pensions 48. C.J.S. Pensions and Retirement Plans and Benefits §§ 23–25, 27.]

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词条贡献者

法律翻译Denise，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与专利与商标的授权与起诉有关的法律文件。