The University of Missouri (also, Mizzou, MU, or University of MissouriâColumbia) is a public land-grant research university located in Columbia, Missouri, U.S. It was founded in 1839 as the first public institution of higher education west of the Mississippi River.
A Simplified Employee Pension Plan (SEP) is a relatively uncomplicated retirement savings vehicles. A SEP allows employees to make contributions on a tax-favored basis to individual retirement accounts (IRAs) owned by the employees.
What is an 'Unfunded Pension Plan'. An unfunded pension plan is an employer managed retirement plan that uses the employer's current income to fund pension payments as they become necessary.