NACE Class 65.3 - Pension funding

From Open Risk Manual

Definition

Pension funding class

Description

This class includes legal entities (i.e. funds, plans and/or programmes) organised to provide retirement income benefits exclusively for the sponsor’s employees or members. This includes pension plans with defined benefits, as well as individual plans where benefits are simply defined through the member’s contribution.

This class includes:

  • employee benefit plans
  • pension funds and plans
  • retirement plans


This class excludes:

  • management of pension funds, see 66.30
  • compulsory social security schemes, see 84.30

Higher Level