# Workplace-run Pension Account

**IRI:** https://folio.openlegalstandard.org/RNj767hrvvCAvvkhN7AebO

## Labels

**Alternative Labels:**

- Company Pension Plan
- Corporate Pension Scheme
- Employer-Provided Pension Plan
- Employer-Sponsored Pension Plan
- Work-Based Pension Plan

## Definition

A workplace-run pension account is a retirement savings plan provided and managed by an employer, often involving contributions from both the employer and the employee. These plans can include defined benefit plans, which promise a specified monthly benefit at retirement, and defined contribution plans, which depend on the amount contributed and the performance of the investments.

## Examples

- Pension Fund: CalPERS Pension Fund

## Sub Class Of

- https://folio.openlegalstandard.org/R7gFwngdoBeiYXxslm69WNk

**Deprecated:** False