PENSION FUND • FREE-TRANSLATOR.COM • Definition of Pension fund

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/pˈɛnʃən fənd/ Listen

Pension fund

noun

A fund reserved to pay workers' pensions when they retire from service. Synonym: superannuation fund.

A financial institution that collects regular contributions from employers to provide retirement income for employees.

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Etymology of 'Pension fund'

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"Pension fund" Quotes from Famous Books

... that no part of our public burden is more cheerfully borne than that which is imposed by this branch of the service. It necessitates for the next fiscal year, in addition to the amount justly chargeable to the naval pension fund, an ...

— State of the Union Addresses of Ulysses S. Grant • Ulysses S. Grant

... management, and it also deserves credit for looking well after the interests of its employes, of whom there are some 25,000. It contributes to the Accident Fund, to the Provident Society, to the Superannuation Fund, and to the Pension Fund, to which the men also subscribe, in the most liberal manner, and besides has established a savings bank, which returns the men who place their money in it four per cent. It is a liberal master. It does its duty to its men, who deserve well of the public as of the Great ...

— East Anglia - Personal Recollections and Historical Associations • J. Ewing Ritchie

Words linked to "Pension fund" : fund, monetary fund, nondepository financial institution