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English definition of “pension fund”

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pension fund

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
Translations of “pension fund”
in Chinese (Traditional) 退休(或養老)基金…
in Chinese (Simplified) 退休(或养老)基金…
(Definition of pension fund from the Cambridge Business English Dictionary © Cambridge University Press)
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