Definition: Pension fund

Category: SNA 1993

Pension funds are units established for purposes of providing benefits on retirement for specific groups of employees; they have their own assets and liabilities, and they engage in financial transactions in the market on their own account; these funds are organised, and directed, by individual private or government employers, or jointly by individual employers and their employees. http://ec.europa.eu/eurostat/ramon/statmanuals/files/SNA_1993_EN.pdf