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Definition of Pension fund
1. Noun. A fund reserved to pay workers' pensions when they retire from service.
2. Noun. A financial institution that collects regular contributions from employers to provide retirement income for employees.
Generic synonyms: Nondepository Financial Institution
Definition of Pension fund
1. Noun. A pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. ¹
¹ Source: wiktionary.com