Pension Fund (Noun)
Meaning 1
A fund reserved to pay workers' pensions when they retire from service.
Classification
Nouns denoting possession and transfer of possession.
Synonyms
Hypernyms
Meaning 2
A financial institution that collects regular contributions from employers to provide retirement income for employees.
Classification
Nouns denoting groupings of people or objects.
Examples
- The company set up a pension fund to provide a steady income stream for its retired employees.
- As a benefit, the university contributed to a pension fund on behalf of its faculty and staff.
- The pension fund manager invested the assets to generate returns that would support future retirees.
- Employees were automatically enrolled in the company's pension fund as part of their employment package.
- The government's pension fund was struggling to stay solvent due to declining contributions and increasing payouts.