True. Social Security, other governmental pension schemes, company pension plans, individual retirement accounts, and annuities are common income sources for retirees.
Any plan, fund, or scheme that provides retirement income is referred to as a pension fund, also known as a superannuation fund in some countries. Pension funds are the largest investors in both publicly traded and privately held businesses since they often have a lot of capital to invest.
Pension funds are the largest investors in both publicly traded and privately held businesses since they often have a lot of capital to invest. They are particularly crucial to the stock market, which is dominated by big institutional investors. The combined assets of the top 300 pension plans total around USD $6 trillion.
A private pension fund is governed by private sector legislation, as opposed to a public pension fund, which is subject to public sector law. The distinction between public or government pension funds and private pension funds may be challenging to evaluate in some countries. In some, there is a clear distinction in the legislation, and there are extremely strict rules for administration and investment.
To learn more about pension plans refer:
https://brainly.com/question/28963797
#SPJ4
