Trust for Pensions

A pension trust is a financial arrangement where a specialist organization manages and safeguards funds set aside to pay retirement benefits to employees. Employers, employees, or both contribute to the trust, which invests the money to grow over time. When employees retire, the trust distributes pension payments from these accumulated funds. It ensures that the promised pensions are funded and managed responsibly, providing financial security for workers after they leave their jobs. Essentially, it's a dedicated, managed pool of money created to honor pension commitments over the long term.