The monies put aside by corporations and others for the retirement of their employees called pension funds.
A pension fund is any plan, fund, or scheme that offers retirement income. In some countries, this term is also used for superannuation funds. Pension funds are often the largest investors in both public and private firms since they typically have a lot of money to invest.
A pension fund might be of two different forms. The first is what most people envision when they hear the word "pensions," the defined benefit pension fund. The retiree gets the same amount that is assured. The second is a 401(k) plan, or a defined contribution plan. The distribution is based on the fund's performance.
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