# Pension Account

**IRI:** https://folio.openlegalstandard.org/R7gFwngdoBeiYXxslm69WNk

## Labels

## 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.

## 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

**Deprecated:** False