{"iri":"https://folio.openlegalstandard.org/R7gFwngdoBeiYXxslm69WNk","label":"Pension Account","sub_class_of":["https://folio.openlegalstandard.org/RC6vjtn3GZLRw0qRl5YjMwV"],"parent_class_of":["https://folio.openlegalstandard.org/RMJlgPsFOJLiurc5NOuHDe","https://folio.openlegalstandard.org/RNj767hrvvCAvvkhN7AebO","https://folio.openlegalstandard.org/RWO631rpp13LcEogAg36ws"],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A pension account is a financial arrangement where an individual or employee contributes funds during their working years to build a retirement fund. The accumulated funds are invested, and upon retirement, the account provides regular payments or a lump sum to support the retiree's financial needs.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}