Knowra Pension fund Pension fund A pool of assets invested to pay retirement benefits to members of a pension plan. Its funding and investment strategy determine how it meets promised benefits over time.
Defined benefit pension plan : A retirement plan that promises benefits calculated by a formula, commonly based on salary and years of service. Its promised payments make the fund responsible for managing long-term investment and funding risk.
Pension plan : An arrangement that provides retirement income under rules governing eligibility, contributions, and benefits. The fund is the asset pool supporting the plan’s retirement promises.
Pension fund investment : The allocation of pension assets among investments to support benefit payments and meet return objectives. Investment policy shapes the fund’s growth, liquidity, and exposure to loss.
Pay-as-you-go pension : A pension financing system in which current contributions primarily pay current beneficiaries. It contrasts with a funded arrangement that accumulates and invests assets for future benefits.
Pension crisis : A situation in which pension systems face serious difficulty financing promised retirement benefits. A fund’s persistent shortfall can contribute to a wider pension crisis.
Defined contribution plan : A retirement plan in which contributions are specified while the eventual benefit depends on account returns. Unlike a traditional pension fund, investment outcomes largely determine each member’s benefit.
Pension trustee : A person or organization holding and managing pension assets for beneficiaries under fiduciary duties. Trustees oversee assets and must act in members’ interests.
Strategic asset allocation : A long-term division of a portfolio among asset classes based on objectives and risk tolerance. It sets the pension fund’s broad exposure to growth and income-producing assets.
Sovereign wealth fund : A state-owned investment fund holding public assets for national financial purposes. It resembles a pension fund as a large institutional investor but need not owe retirement benefits.
Pension reform : Changes to pension rules, financing, or benefits intended to address system needs or shortcomings. Reforms can alter fund contributions, investment authority, or the benefits it must pay.
Show all 28