pension fund
Employee retirement pool
A pension fund is a pool of money set aside to pay retirement benefits to workers.
Employers, employees, or both contribute over time, and the fund invests these contributions to grow the assets.
When workers retire, they receive regular payments drawn from the fund.
The company's pension fund was underfunded by billions.
- defined benefitPredetermined retirement payment arrangement
- social securityPublic financial protection programs
- retirementLeaving the workforce permanently
- institutional investorEntity investing pooled capital
- fixed incomeStable recurring revenue
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Fixed periodic employment payment
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