{"iri":"http://lmss.sali.org/R7gFwngdoBeiYXxslm69WNk","id":"R7gFwngdoBeiYXxslm69WNk","label":"Pension Account","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.","prefLabels":[],"altLabels":[],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RCIwc6WJi6IT7xePURxsi4T","label":"Asset Type"},"parents":[{"iri":"http://lmss.sali.org/RC6vjtn3GZLRw0qRl5YjMwV","id":"RC6vjtn3GZLRw0qRl5YjMwV","label":"Retirement Account"}],"children":[{"iri":"http://lmss.sali.org/RWO631rpp13LcEogAg36ws","id":"RWO631rpp13LcEogAg36ws","label":"Private-run Pension Account"},{"iri":"http://lmss.sali.org/RMJlgPsFOJLiurc5NOuHDe","id":"RMJlgPsFOJLiurc5NOuHDe","label":"State-run Pension Account"},{"iri":"http://lmss.sali.org/RNj767hrvvCAvvkhN7AebO","id":"RNj767hrvvCAvvkhN7AebO","label":"Workplace-run Pension Account"}],"relations":[],"url":"https://lmss.io/tag/R7gFwngdoBeiYXxslm69WNk/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}