actuarially  sound  retirement  system.A  retirement  plan  that  contains  sufficient  funds  to  pay

future obligations, as by receiving contributions from employees and the employer to be invested

in accounts to pay future benefits. Cf. NONACTUARIALLY SOUND RETIREMENT SYSTEM.

[Cases: Pensions    48. C.J.S. Pensions and Retirement Plans and Benefits §§ 23–25, 27.] [Blacks Law 8th]