pension fund definition

  • noun:
    • A pool of assets developing a completely independent legal entity being bought using the contributions to a pension policy for the exclusive function of financing retirement plan advantages.
    • a financial establishment that collects regular efforts from businesses to supply your retirement earnings for workers
    • a fund reserved to pay workers' pensions when they retire from service

Related Sources

  • Hypernym for "pension fund"
    • nondepository financial institution
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