Pension Fund
/ˈpɛnʃən fʌnd/
Definitions
- (n.) A fund established by an organization to accumulate and manage assets to provide retirement income to employees or their beneficiaries.
The company's pension fund ensures retired employees receive regular payments.
Forms
- pension fund
- pension funds
Related terms
See also
Commentary
Pension funds are typically governed by specific regulations and involve fiduciary duties to protect beneficiaries' interests.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.