Pension Funds are used to account for assets provided to pension trusts.

Question

Quizplus · Accepted Answer

Pension funds are indeed used to account for assets provided to pension trusts. These funds are established to hold and manage the assets of a pension plan, which can include various types of investments such as stocks, bonds, and real estate. The purpose of a pension fund is to grow the value of these assets over time so that they can be used to pay retirement benefits to plan participants.

Pension Funds Are Used to Account for Assets Provided to Pension