Register
Item 3Item 3 Pension funds are monies put aside by corporations, nonprofit organizations, or unions to fund the financial needs of their employees, upon retirement.
12.2k views
2 votes
Item 3Item 3 Pension funds are monies put aside by corporations, nonprofit organizations, or unions to fund the financial needs of their employees, upon retirement.

User Jallch
by
5.9k points

1 Answer

7 votes

Answer:

Pension funds are contribution set aside by employers paid into a Pension Fund Administration (PFA) company for the purpose of retirement.

Step-by-step explanation:

Pension funds are monies credited into the Individual Retirement Savings (IRS) Account by the employer, with a focus on providing financial comfort to the employees at retirement.

User Belhadj Haythem
by
5.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m answers

Other Questions

Which of the following possesses the sole power to create revenue bills?
A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and reporters in hopes of stimulating favorable stories about their organizations"
All of the following are fees typically charged by credit card companies EXCEPT: A. Late payment fee B. Balance Transfer fee C. Annual membership fee D. Reload fee
Individuals are free to produce and sell whatever products they wish
A business plan should generally project financial and operational aspects of the proposed business for the first a. six months. b.one year. c. three to five years. d. seven years.
Link Copied!