Then you could have another pension fund, Pension Fund 2.

This is a liability.

Well, assets minus liability.

So that's a liability.

He was granted a pension.

My pension was in it.

So that's me, pension fund.

I am a pension fund.

In the previous example, I had Pension Fund 1, that was my pension fund.

Why is it a liability?

Accounts Payable is a liability

That'd be my liability, right?

That could be a liability.

So I have zero liability.

She lives on a small pension.

And this is Pension Fund B.

Your liability would be the loan.

So now I have this liability.

I have 1,000 gold pieces liability.

And why is it a liability?

So it's a liability to me.

And pays off the liability holders.

So just this is liability, 750,000.

Subtract the liability from both sides.

She has to live on the pension.

My parents run a pension for skiers.

He has a pension to live on.

The old man lives on his pension.

My grandfather is living on a pension.

My parents run a pension for skiers.

A will pay Pension Fund 1 10 .

2 out of 10 live off pension.

They affect our communications, our pension funds.

We thought of people as a liability.

What is my assets minus my liability?

And then the offsetting liability for me,

Lynn Verinsky Because of liability insurance. (Laughter)

That we'll just put generally as liability.

So the only liability is this 5,000.

This is a liability for me, right?

So over here you had another liability.

The pension is not sufficient for living expenses.

It's been part of the Pension Protection Act.

Sometimes pension liabilities or some type of litigation

let me draw me, I'm the pension fund.