An economic asset that lacks legal personality, formed by the assets derived from the accumulated savings of a group of individuals, and created with the exclusive purpose of fulfilling a pension plan. Its purpose is to pay benefits or life annuities to individuals who participate in the fund once they reach retirement age. It invests its resources in fixed or variable income assets, as well as in real estate assets.
« Back to Glossary IndexPension fund
« Back to Glossary Index