Pension fund
noun ·Rare ·Advanced level
Definitions
- 1 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.
"Investors face a quandary. Cash offers a return of virtually zero in many developed countries; government-bond yields may have risen in recent weeks but they are still unattractive. Equities have suffered two big bear markets since 2000 and are wobbling again. It is hardly surprising that pension funds, insurers and endowments are searching for new sources of return."
- 2 a financial institution that collects regular contributions from employers to provide retirement income for employees wordnet
- 3 a fund reserved to pay workers' pensions when they retire from service wordnet
Synonyms
All synonymsExample
More examples"Investors face a quandary. Cash offers a return of virtually zero in many developed countries; government-bond yields may have risen in recent weeks but they are still unattractive. Equities have suffered two big bear markets since 2000 and are wobbling again. It is hardly surprising that pension funds, insurers and endowments are searching for new sources of return."