Definition Pension fund
English vocabulary and translations (See all our English vocabulary translation)
Want to improve your English? Try our online English lessons for free.
a pension fund: a money reserve used to pay workers' retirement allowances
- "Last year, we approved a salary increase, a pension fund, a new health plan with the best HMO in California and even spousal benefits!"
- "The money you contribute doesn't go to today's old people, no: it's placed into a pension fund where it will grow until you collect it when you retire."
Still having difficulties with 'Pension fund'? Want to improve your English? Try our online English lessons and receive a free level assessment.
Do you have smart way of remembering 'Pension fund'? Share it with us!