What does superannuation fund mean?
Definitions for superannuation fund
su·per·an·nu·a·tion fund
This dictionary definitions page includes all the possible meanings, example usage and translations of the word superannuation fund.
Princeton's WordNet
pension fund, superannuation fundnoun
a fund reserved to pay workers' pensions when they retire from service
Wikipedia
superannuation fund
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity.The Federal Old-age and Survivors Insurance Trust Fund in the United States, which oversees $2.66 trillion in assets, is the world's largest public pension fund.
ChatGPT
superannuation fund
A superannuation fund is a pension program created by a company or a government entity for the benefit of its employees or citizens. It is a long-term savings structure that helps individuals save for retirement by setting aside a portion of their incomes over their working lives. The fund is managed with the purpose of yielding returns on the amount of money invested, which is then used to provide income for retirees. The precise rules and structure of such funds can vary based on the specific regulations in a country or region.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of superannuation fund in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of superannuation fund in Pythagorean Numerology is: 8
Translations for superannuation fund
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"superannuation fund." Definitions.net. STANDS4 LLC, 2024. Web. 8 Jun 2024. <https://www.definitions.net/definition/superannuation+fund>.
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