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Phrases with «unfunded liability»

"Unfunded liability" refers to a financial obligation or debt for which there is not enough money set aside to pay for it in the future. It implies that there is a gap or shortfall between the amount of money needed to fulfill a promise or obligation and the funds available to meet that obligation. Full definition

Related phrases

Sentences with «unfunded liability»

  • At stake in the fiercely contested campaign is control over a complex, underperforming school district whose ability to improve schools for nearly 665,000 students is compromised by declining enrollment, a $ 1.46 billion projected deficit, and billions of dollars in unfunded liabilities for retirees. (educationnext.org)
  • According to a recent policy study by Andrew Biggs for the Show - Me Institute, the total amount of unfunded liabilities for PSRS is more than $ 5 billion. (educationnext.org)
  • These gaps are likely to continue to widen as states and school districts attempt to pay down large unfunded liabilities in educators» defined benefit (DB) pension plans. (educationnext.org)
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