Pension plan whose assets exceed the present value of projected benefit liabilities under current assumptions.
An overfunded pension plan is a pension plan whose assets exceed the present value of projected benefit liabilities under current assumptions.
It matters because surplus funding changes contribution decisions, balance-sheet treatment, and the degree of cushion available against future market or actuarial shocks.
Underfunded Pension Plan
Funded Pension Plan
Pension Plan Funding
Pension Funding Gap