pension fund

Pension Fund

A fund established by an employer to facilitate and organize the investment of employees' retirement funds contributed by the employer and employees. The pension fund is a common asset pool meant to generate stable growth over the long term, and provide pensions for employees when they reach the end of their working years and commence retirement.

Notes:

Pension funds are commonly run by some sort of financial intermediary for the company and its employees, although some larger corporations operate their pension funds in-house. Pension funds control relatively large amounts of capital and represent the largest institutional investors in many nations.

See also: Actuarial Analysis, Defined-Benefit Plan, Defined-Contribution Plan, Pension Shortfall, Simplified Employee Pension - SEP, Superannuation, Vesting

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Pension fund

A fund set up to pay the pension benefits of a company's workers after retirement.

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pension fund

A financial institution that controls assets and disburses income to people after they have retired. Pension funds, which invest in a variety of securities, control such enormous sums that their investment decisions can have significant impact on individual security prices.