Public Pension
/ˈpʌblɪk ˈpɛnʃən/
Definitions
- (n.) A retirement fund established and maintained by a government entity to provide income to its employees after retirement.
Many government workers rely on a public pension for financial security in retirement.
Forms
- public pension
- public pensions
Related terms
See also
Commentary
Public pensions are typically governed by specific statutes and may involve complex funding and governance rules unique to government actors.
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.