Het pensioenfonds
Example: Het pensioenfonds beheert het geld voor onze oude dag.
Definition
"Het pensioenfonds" refers to a pension fund, an organized financial institution that manages and invests money contributed to provide income to individuals after retirement. It ensures that people have financial support during their old age by accumulating and distributing pension benefits.
Etymology
The term "het pensioenfonds" comes from Dutch, where "pensioen" means pension, derived from the French word 'pension,' ultimately from Latin 'pensio,' meaning payment or allowance. "Fonds" means fund, originating from the Latin 'fundus,' meaning bottom or foundation. Together, "het pensioenfonds" literally means the foundation or fund for pension payments.
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"Het pensioenfonds" appears in the Vocaplus list "Dutch - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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the pension fund