Question: A defined benefit pension plan expects to pay out $30 million per year over the next 16 years to pensioners. The fund currently has $150

A defined benefit pension plan expects to pay out $30 million per year over the next 16 years to pensioners. The fund currently has $150 million in pension assets that are earning 8.8% per year. By how much is this plan over/under funded? (Do not round intermediate calculations. Round your answer to a whole number. Use a negative sign to denote underfunded)

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