pension management

Pension management involves overseeing a fund that provides retirement income to employees. It includes collecting contributions from workers and employers, investing those funds to grow the assets, and ensuring there are enough resources to pay out benefits when employees retire. Managers must balance risk and return, considering factors like market conditions and the demographic of beneficiaries. Effective pension management aims to secure financial stability for retirees while complying with legal regulations. Ultimately, it ensures that individuals have a reliable source of income after they stop working, promoting financial security in retirement.