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pension fund

/ˈpenʃən fʌnd/

1 entry

phrase

/ˈpenʃən fʌnd/B2formalbusiness
  • ruФонд, созданный работодателем, профсоюзом или правительством для накопления и инвестирования средств, вносимых работодателями и работниками, который затем используется для выплаты пенсионных пособий сотрудникам.

A fund established by an employer, labor union, or government to accumulate and invest money contributed by employers and employees, which is then used to pay retirement benefits to employees.

  1. Retirement savings poolB2formal

    A fund established by an employer, union, or government to collect and invest contributions from employees and employers, used to provide retirement income.

    ruПенсионный фонд

    • The company contributes 5% of each employee's salary to the pension fund.
    • He has been investing in his pension fund for over 20 years.
    • The pension fund's assets are managed by a professional investment firm.