Definition of "pension fund" []

• A pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. (noun)

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• "There is something a little crazynot rational at allabout some bow-tied young investment banker in New York taking steps that will force a company to shut down a plant in the name of maximizing value for the shareholders, when the shareholders might include the pension fund for the workers in that very plant, or other workers getting the same treatment from another investment banker down the street."
• "Infineon's director Klaus Wucherer does not expect UK pension fund Hermes will be able to stop his election as chairman of the supervisory board on Feb. 11, he told German newspaper Die Welt."