pension fund

Meanings

• noun

  A fund set up by an employer or an organization to provide financial benefits to its employees after retirement.

  - "The pension fund of the company pays a monthly amount to retired employees."
  - "Employees contribute a portion of their salary to the pension fund."

---

Variants

List of all variants of pension fund that leads to same result
pension fund

---

Etymology

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

The term 'pension' originates from the Latin word 'pensio' which means 'payment' or 'compensation'. The term 'fund' refers to a collection of money for a particular purpose.

---

Trivia

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

1. The first pension fund was established in 1604 in Bavaria, Germany.

2. Pension funds are one of the largest institutional investors in the world.

3. In the United States, the Pension Benefit Guaranty Corporation (PBGC) guarantees the benefits of defined benefit pension plans.

---

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 retirement fund is a type of savings plan that is designed to provide financial support to individuals during their retirement years. Pension funds are a type of retirement fund that are employer-sponsored.

2. 401(k): A 401(k) is a type of retirement savings plan that is offered by employers. It allows employees to contribute a portion of their salary to the plan on a pre-tax basis.

---

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 are an essential aspect of retirement planning for employees. They provide financial security and stability during retirement. In some cases, pension funds are managed by professional fund managers who invest the funds in various financial instruments to ensure their growth.

How to Memorize "pension fund"

1. visualize
   

   - Visualize a group of people in retirement, receiving regular payments from a large fund.

2. associate
   

   - Associate the term 'pension fund' with the idea of financial security and retirement.

3. mnemonics
   

   - Use the mnemonic 'People Enjoying Needing Sustenance In Older Years' (PENSIONY) to remember the term 'pension fund'.

---

Memorize "pension fund" using Dictozo

The best and recommended way to memorize pension fund is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:

1. Highlighting:

   Whenever users encounters the saved word on a webpage, Dictozo highlights it, drawing the user's attention and reinforcing memorization.
2. Periodic Reminders:

   Dictozo will send you periodic reminders to remind you the saved word, it will ask you quiz. These reminders could be in the form of notifications or emails, prompting users to recall and reinforce their knowledge.