That's essentially correct. It is essentially a similar definition, where the assets within the plan are unable to actually meet the accrued benefits payable to the beneficiaries of the plan, both the retired members and the current active members.
Jason Jacques Financial Advisor, Expenditure and Revenue Analysis, Office of the Parliamentary Budget Officer, Library of Parliament
That's essentially correct. It is essentially a similar definition, where the assets within the plan are unable to actually meet the accrued benefits payable to the beneficiaries of the plan, both the retired members and the current active members.
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