 60% 
 70% 
 80% 
 90% 
 100% 
 110% 
 <10 years 
 1020 years 
 2030 years 
 >30 years 
Funded Status:
The percentage of money that is expected to be in the pension fund, earning investment returns.
Formally this is called the "funded ratio." Ideally, this number should be at 100%.


Promises Made:
This is the value of all pensions that have been promised to date,
counted up over the next 100 years or so and then translated back into current dollars.
Formally this is called the "Total Pension Liability" or "Actuarially Accrued Liability."


Pension Shortfall:
This the amount of money that should otherwise be in the pension fund today, earning
investment returns, so that there is enough money saved to pay each retiree their
promised benefits. Formally this is called the "Net Pension Liability" or "Unfunded Liability."


Employees That Earn a Full Pension:
This is the percentage of new members that the retirement plan's advisors expect will work long
enough to qualify for claiming a "normal retirement." However a retirement plan defines this,
which varies by state, we define as a "full pension."


Years Before Pension Debt is Paid Off:
The number of years that the retirement system estimates before the funded
ratio is 100% and the unfunded pension liability is at $0.


Total Contributions:
The combined costs of paying for benefits earned this year (gross normal cost)
and for payments forwards pension debt (unfunded liability amortization payments).

Promises Made:
DC plans do not have any promised benefits. They can offer access to convert accumulated savings into gauranteed income.


Pension Shortfall:
It is impossible for a DC plan to have a pension funding shortfall.


Vesting Point:
Years of service that are required before employer contributions are fully portable.


Total Contributions:
The combined contributions from employees and employers, including any matching component.


Employee Contribution:
The maximum employer contribution, assuming any match offered is taken by the employee.


Employer Contribution:
The employee contribution rate when they join the retirement system. They might be able to reduce or increase this amount depending on the rules for the retirement system.

Guaranteed Minimum Return:
This is the rate of return that the retirement system guarantees as the minimum that will be applied to employee contributions.


Pension Shortfall:  
Vesting Point:
Years a member needs to work before the qualify for benefits.


Total Contributions:
The combined contributions from employees and employers, including any matching component.


Employee Contribution:
The maximum employer contribution, assuming any match offered is taken by the employee.


Employer Contribution:
The employee contribution rate when they join the retirement system. They might be able to reduce or increase this amount depending on the rules for the retirement system.

Promises Made:
This is the value of all pensions that have been promised to date, counted up over the next 100 years
and then translated back into their value in current dollars. Formally this is called the
"Total Pension Liability" or "Actuarially Accrued Liability."


Pension Shortfall:
This the amount of money that should otherwise be in the pension fund today, earning investment returns,
so that there is enough money saved to pay each retiree their promised benefits.
Formally this is called the "Net Pension Liability" or "Unfunded Liability."


Funded Status:
The percentage of money that is expected to be in the pension fund, earning investment returns.
Formally this is called the "funded ratio." Ideally, this number should be at 100%.


Years Before Pension Debt is Paid Off:
The number of years that the retirement system estimates before the funded ratio is 100% and the unfunded pension liability is at $0.


Total Pension Contributions:
The combined costs of paying for benefits earned this year (gross normal cost)
and for payments forwards pension debt (unfunded liability amortization payments).


Total DCP Contributions:
The combined contributions from employees and employers, including any matching component.

Employees That Earn a Full Pension:
This is the percentage of new members that the retirement plan's advisors expect will work long
enough to qualify for claiming a "normal retirement." However a retirement plan defines this,
which varies by state, we define as a "full pension."


Promises Made:
This is the value of all pensions that have been promised to date,
counted up over the next 100 years or so and then translated back into current dollars.
Formally this is called the "Total Pension Liability" or "Actuarially Accrued Liability."


Pension Shortfall:
This the amount of money that should otherwise be in the pension fund today, earning investment returns,
so that there is enough money saved to pay each retiree their promised benefits. Formally this is called
the "Net Pension Liability" or "Unfunded Liability."


Funded Status:
The percentage of money that is expected to be in the pension fund, earning investment returns.
Formally this is called the "funded ratio." Ideally, this number should be at 100%.


Total Pension Contributions:
The combined costs of paying for benefits earned this year (gross normal cost) and for payments forwards pension debt (unfunded liability amortization payments).


Total GRP Contributions:
The combined contributions from employees and employers, including any matching component.
