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]