funded scheme definition
funded scheme means a scheme under which some or all of its resources are set aside in advance to provide benefits in a manner which is independent of the employer's business activities;
funded scheme means a scheme under which the benefits are provided for by setting aside resources related to the value of the members' rights as they accrue (and“unfunded scheme” shall be construed accordingly);
funded scheme means a Scheme in or under which resources are set aside in advance relating to the intended or promised Benefits other than through book reserves in the accounts of the Company.