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Series
Studies
Concept
Label
Pension funds
en-NZ
Description
Pension funds include entitlements in both employment-related social insurance pension schemes and private pension schemes. Pension schemes are sometimes known as retirement plans or superannuation schemes. They may be defined-benefit schemes (where the formula for defining a member’s pension is agreed in advance) or defined-contribution schemes, such as KiwiSaver (the amount of the pension depends on the performance of the assets acquired with the member’s contributions).
en-NZ