Template:Pensionfund: Difference between revisions

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'''[[Pension Fund]]''': A {{tag|legal entity}} or an arrangement without [[legal personality]] (for example, a [[common law]] {{tag|trust}}) established to provide [[Pension Fund|pension]] benefits to a specific class of beneficiaries, normally sponsored by an employer or group of employers. It is typically administered by one or more persons (who may be private individuals [[and/or]] corporate entities) who have various rights and obligations governed by pensions legislation. Where the arrangement does not have separate [[legal personality]], one or more representatives of the [[Pension Fund]] (for example, a [[trustee]] of a pension scheme in the form of a [[common law]] {{tag|trust}}) contract on behalf of the [[Pension Fund]] and are owed the rights and owe the obligations provided for in the {{tag|contract}} and are entitled to be [[Indemnity|indemnified]] out of the assets comprised in the arrangement.<br>
'''[[Pension Fund]]''': A [[legal entity]] or an arrangement without [[legal personality]] (for example, a [[common law]] [[trust]]) established to provide [[Pension Fund|pension]] benefits to a specific class of beneficiaries, normally sponsored by an employer or group of employers. It is typically administered by one or more persons (who may be private individuals [[and/or]] corporate entities) who have various rights and obligations governed by pensions legislation. Where the arrangement does not have separate [[legal personality]], one or more representatives of the [[Pension Fund]] (for example, a [[trustee]] of a pension scheme in the form of a [[common law]] [[trust]]) contract on behalf of the [[Pension Fund]] and are owed the rights and owe the obligations provided for in the [[contract]] and are entitled to be [[Indemnity|indemnified]] out of the assets comprised in the arrangement.<br>

Latest revision as of 13:30, 14 August 2024

Pension Fund: A legal entity or an arrangement without legal personality (for example, a common law trust) established to provide pension benefits to a specific class of beneficiaries, normally sponsored by an employer or group of employers. It is typically administered by one or more persons (who may be private individuals and/or corporate entities) who have various rights and obligations governed by pensions legislation. Where the arrangement does not have separate legal personality, one or more representatives of the Pension Fund (for example, a trustee of a pension scheme in the form of a common law trust) contract on behalf of the Pension Fund and are owed the rights and owe the obligations provided for in the contract and are entitled to be indemnified out of the assets comprised in the arrangement.