Lecture Financial markets and institutions: Chapter 18 - Anthony Saunders, Marcia Millon Cornett
Lecture Financial markets and institutions: Chapter 18 - Anthony Saunders, Marcia Millon Cornett
Chapter 18 - Pension funds. This chapter provided an overview of the pension fund industry. Pension funds provide a way of accumulating retirement funds similar to life insurance contracts and mutual funds. Pension funds, however, have a tax advantage in that an employee's contributions to pension funds are exempt from current taxation.