Definition of Pension fund:
Pooled-contributions from pension plans set up by employers, unions, or other organizations to provide for the employees or members retirement benefits. Pension funds are the largest investment blocks in most countries and dominate the stock markets where they invest. When managed by professional fund managers, they constitute the institutional investor category with insurance companies and investment trusts. Commonly, pension funds are exempt from capital gains tax and the earnings on their investment portfolios are either tax deferred or tax exempt.
A fund from which pensions are paid, accumulated from contributions from employers, employees, or both.
How to use Pension fund in a sentence?
- Some people have invested all or part of their pension fund money in hedge funds.
Meaning of Pension fund & Pension fund Definition