FOLIO Ontology

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State-run Pension Account

IRI:
https://folio.openlegalstandard.org/RMJlgPsFOJLiurc5NOuHDe
Preferred Label State Pension Scheme
Alternative Labels
Government Pension Plan Government-Administered Pension Plan National Pension Fund National Pension Plan Public Pension Savings Account Public Pension System

Definition

A state-run pension account is a retirement savings program managed by the government, funded through taxation or mandatory contributions. These accounts typically provide defined benefits upon retirement, ensuring a basic income for retirees.

Examples

  • • National Pension Fund: Japan National Pension Fund
  • • State Pension Scheme: UK Basic State Pension

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