pension funds

Meanings

• noun

  A fund set up by an employer or a group of employers for the financial benefit of their employees in retirement.

  - "The pension fund of the company has been performing well in the stock market."
  - "Employees contribute a portion of their salary towards the pension fund."

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Variants

List of all variants of pension funds that leads to same result
pension , pensione , pensiones , pensionless , pensions , pensioned , pensioning , pension fund , pension off , pensioned off , pensioning off , pensions off , pension plan , pension scheme

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Etymology

origin and the way in which meanings have changed throughout history.

The term 'pension' originated from the Old French word 'pension', meaning payment. The term 'fund' comes from the Old English word 'fund', meaning a sum of money.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first pension fund was established in the Netherlands in 1450.

2. The largest pension fund in the world is the Government Pension Investment Fund of Canada, with over $600 billion in assets.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Retirement fund: A type of pension fund that is designed to provide financial support to individuals during their retirement years.

2. 401(k): A type of retirement savings plan offered by employers in the United States, named after the section of the Internal Revenue Code that created it.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Pension funds have significant cultural and historical importance as they provide financial security and stability to individuals in their retirement years. They have been a topic of interest in literature, with works such as George Orwell's '1984' exploring the potential misuse of pension funds by authoritarian governments.

How to Memorize "pension funds"

1. visualize
   

   - Imagine a large pot filled with gold coins representing the pension fund.
   - Visualize a group of happy retirees enjoying their golden years, funded by the pension fund.

2. associate
   

   - Associate the term 'pension fund' with the image of a secure and stable future.
   - Think of the term 'pension fund' as a savings account for retirement.

3. mnemonics
   

   - Use the mnemonic 'People Enjoying a Secure Investment for the Golden Years' to remember the meaning of pension fund.

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