What is pension funds?

Question

What is pension funds?

Answer 1

It is a social security help and is given so that no aged people have to depend on anyone and could stand on his own feet.

Answer 2

PENSION FUNDS ARE THOSE FUNDS COLLECTED AT THE END OF TERM BY INVESTING IN AN INSURANCE PRODUCTS

Answer 3

A pension fund is formed by an organization like a company where the employees and employer make contributions from their wages or salaries into a pooled fund.

The pension fund money is normally managed by it's Representatives who form a board of trustees or the fund employs a mutual company to manage the fund on their behalf.

Every pension fund sets up its own rules and the proceeds are meant to provide the members a lump sum or monthly pension for retirement normally age 55 to 65.

Answer 4

i don,t know

Answer 5

life time pension