Definitions for "Retirement fund"
A retirement fund works in very much the same as a savings policy, but in this case it offers you a specialised vehicle to save for a very specific reason - retirement. It sole aim is to provide money for the years of your life following your retirement. Most employers offer a retirement fund as it gives them an opportunity to providing added benefits to employees. The government also offers generous tax savings on retirement fund contributions.
Refer to PENSION (AND OTHER EMPLOYEE BENEFIT) TRUST FUNDS.
a defined benefit retirement plan
Keywords:  someone, monthly, work, payment
a monthly payment made to someone who is retired from work