pension fund

noun

: money that a company invests in order to earn money to pay pensions

Example Sentences

Recent Examples on the Web

The retirement system is the largest public pension fund in the state and one of the largest in the country, with roughly two million members. —Edward Mckinley, San Antonio Express-News, 3 Mar. 2023

CalPERS, the largest public pension fund in the country, voted against 79% of As You Sow’s 100 most overpaid CEOs in 2022, up from 76% the year before. —Michael Hiltzik, Los Angeles Times, 1 Mar. 2023

And Michigan is hardly alone in letting private equity firms foot most of the bill for luxury travel and trips by state pension fund managers, who are public employees. —Neil Weinberg, Fortune, 28 Feb. 2023

But that changed on Tuesday when the Griffith Town Council approved a measure for the town to pay the officers’ 6% portion to the pension fund. —Jim Masters, Chicago Tribune, 23 Feb. 2023

Official estimates show that South Korea’s pension fund is expected to run out by 2055. —Min Joo Kim, Washington Post, 22 Feb. 2023