eläkerahasto — meaning in English
Finnish → English · translate English → Finnish instead
English meaning
- superannuation noun A retirement savings scheme in which an employer, and often the employee too, pays a regular percentage of wages into a fund that is drawn on after retirement; the money held in such a fund.
Senses
eläkerahasto is used for these senses in English:
- 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.
- superannuation (UK, Australia, New Zealand) A retirement benefit fund, an accumulation of regular deductions from one′s wage or salary while employed and similar regular contributions from the employer, usually administered by an independent entity; a pension.
superannuation — full definition
- noun A retirement savings scheme in which an employer, and often the employee too, pays a regular percentage of wages into a fund that is drawn on after retirement; the money held in such a fund.
- noun The act of retiring someone, or of putting something out of service because it has become too old to be useful.