Public Pension Fund
/ˈpʌblɪk ˈpɛnʃən fʌnd/
Definitions
- (n.) A government-established fund that accumulates, manages, and disburses retirement benefits for public sector employees.
The state’s public pension fund ensures retired teachers receive their promised benefits.
Forms
- public pension fund
- public pension funds
Related terms
See also
Commentary
Public pension funds are subject to specific fiduciary duties and regulatory frameworks, distinct from private pension funds, making precise drafting important in legal contexts.
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.