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Definition: Pension fund

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.
United Nations, "System of National Accounts (SNA) 1993", § 4.98 [7.127]United Nations, New York, 1993