Item 3Item 3 Pension funds are monies put aside by corporations, nonprofit organizations, or unions to fund the financial needs

Question

LenKa [72]

3 years ago

13

Item 3Item 3 Pension funds are monies put aside by corporations, nonprofit organizations, or unions to fund the financial needs

of their employees, upon retirement.

Business

1 answer:

fredd [130] · Answer 1 · 2022-09-09T13:23:19+03:00

Answer:

Pension funds are contribution set aside by employers paid into a Pension Fund Administration (PFA) company for the purpose of retirement.

Explanation:

Pension funds are monies credited into the Individual Retirement Savings (IRS) Account by the employer, with a focus on providing financial comfort to the employees at retirement.