Term:
Multi-employer pension funds
Definition:
Funds that pool the assets of pension plans established by various plan sponsors. There are three types of multi-employer pension funds: a) for related employers, i.e. companies that are financially connected or owned by a single holding group (group pension funds);
b) for unrelated employers who are involved in the same trade or business (industry pension funds);
c) for unrelated employers that may be in different trades or businesses (collective pension funds).
Domain:
Finance
Source:
OECD Working Party on Private Pensions, 2005, “'Private Pensions: OECD Classification and Glossary, 2005 edition”, OECD, Paris