单词 | minimum funding requirement |
释义 | minimum funding requirement = MFR In the UK, the legal requirement that the assets of an occupational pension should represent at least 90% of its liabilities at any time. Since the liabilities and assets of a fund relate to future obligations and returns, both depend on certain actuarial assumptions about the future and thus may fluctuate from year to year. The MFR was introduced as a provision of the Pensions Act 1995 and came into force in 1997. |
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