0 money that employees of a company pay regularly to be invested to provide them with a pension when they are older
1 a supply of money that many people pay into, which is invested in order to provide them with a pension
2 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:
Furthermore, trustees, on a regular basis, should obtain educational training with a view to providing and improving core competencies of importance for pension fund management.
This means that in order to avoid the short-term mismatch between assets and liabilities, pension fund asset allocation should be more heavily weighted towards bonds.
We view this model as appropriate in that pension fund assets' impact on output might show marked differentials across countries.
The expression in brackets gives the net balance of the pension fund.
The investment risk of each individual pension fund is borne by each pensioner individually.
Section 3 reviews what we know and need to know about these different types of pension fund actions aimed at improving corporate governance.
However, pension fund governance has a much broader scope and includes overall management, organizational design and decision-making processes.
In order for a pension fund to realize further cost economies, these factors would thus primarily need to be influenced.
