pension fund
An investment fund established to provide retirement income for the people investing in it.
A pension fund is an investment fund created and designed to provide retirement income to its investors.
The intended retirement income distinguishes the fund from a general investment fund. Merely holding real estate does not make a fund a pension fund.
The fund can have an investment relationship with a property. That investment does not by itself make the fund responsible for the property's daily management or tenant services.
