pension fund

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun 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.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun a financial institution that collects regular contributions from employers to provide retirement income for employees
• noun a fund reserved to pay workers' pensions when they retire from service