Pension Account - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/R7gFwngdoBeiYXxslm69WNk

Label Pension Account

Preferred Label N/A

Identifier N/A

Alternative Labels

None

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.

Class Relationships

Sub Class Of

• Retirement Account

Is Defined By

N/A

Class Hierarchy Visualization

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available