Retirement Fund (Noun)
Meaning
A monthly payment made to someone who is retired from work.
Classification
Nouns denoting possession and transfer of possession.
Examples
- Many employees failed to prioritize building up their retirement fund in their younger years, rendering them financially insecure in old age.
- It was only after her father's death that Emily discovered he had been secretly building a significant retirement fund for her mother's future well-being.
- The new proposed policy aims to increase the total allocated sum that goes into the country's retirement fund for government employees.
- Rachel began making monthly savings into a dedicated retirement fund as early as her mid-twenties, giving her a vital head start on securing her financial future.
- Critics argued that the company was not adequately contributing to the employee's retirement fund, leaving many workers without sufficient financial security after retirement.