Pension Trust
Definition of "Pension trust"
Provision that funds a tax-qualified plan. Trust funds are the oldest, and still the most common, method of funding pensions. All contributions made by employer and employees are deposited into a trust fund, with a trustee responsible for investing the money, administering the plan, and paying benefits.
Popular Insurance Terms
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Law by which many states attempt to regulate insurers who are unlicensed in those states. With a few notable exceptions, such as re insurers, insurance companies must be licensed in the ...
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