Pension fund

English vocabulary and translations (See all)

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Definition

a pension fund: a money reserve used to pay workers' retirement allowances
idiom

Examples

  • "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."
  • "Last year, we approved a salary increase, a pension fund, a new health plan with the best HMO in California and even spousal benefits!"

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