pension fund

fund established to provide pensions for retired employees

A Pension fund is a pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors like the Ontario Teachers' Pension Plan dominate.
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Noun
1. a fund reserved to pay workers' pensions when they retire from service
(synonym) superannuation fund
(hypernym) fund, monetary fund
2. a financial institution that collects regular contributions from employers to provide retirement income for employees
(hypernym) nondepository financial institution

A fund set up to pay the pension benefits of a company's workers after retirement.