A fund set up to pay the pension benefits of a company's workers after retirement. Bloomberg Financial Dictionary
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A fund set up by a company or government to invest the pension contributions of members and employees. These are then paid out when the beneficiaries reach the retirement age. London Stock Exchange Glossary
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pension fund UK US noun [C]
► FINANCE an amount of money, collected from regular payments made by people who work, which is invested in order to pay pensions to people when they retire: »
The company's pension fund is facing a worrying shortfall.
»Many small businesses pay extra lump sums into their pension funds to reduce their tax liabilities.
»a corporate/employee/state pension fund
Financial and business terms. 2012.