A company's pension fund for its current and former employees is often held by a securities firm or a bank. The fund is administrated by a trustee that was appointed usually by the company. The trustee is assigned the duties of making sure all the company's required duties are being met. The trustee is also responsible for insuring that the fund is handled in accordance with the regulations that were set up by the company. The trustee is also responsible for making sure the investments in the fund are sound ones and are diversified.
It means some of your money is being saved in a fund/account that is or will be used to pay you money (on a monthly basis) after you retire and stop working (at age 60 or 65).
pension is a thing you get from retierment for work,and more.You will be guarrteed to have pension when your 65 years old
The official definition of the word pension is "a regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life."
Trustee
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No, substitution of trustee and termination of trustee are not the same. Substitution of trustee refers to the process of replacing one trustee with another while maintaining the trust's existence and terms. In contrast, termination of trustee involves ending the trustee's role and potentially dissolving the trust or redistributing its assets. Each process has different legal implications and outcomes for the trust and its beneficiaries.
Could be "as trustee for"
TTEE is an abbreviation for "trustee." The trustee on a trust or on a other deposit account controls the assets in the trust or the funds in the account.
Replacing the trustee with another for some reason; maybe the trustee gets old and finds the job burdensome. There might be another trustee named in the document as authorized "..in the event first trustee resigns." I'm no lawyer, but I guess you could petition the court for a replacement trustee if you could prove the trustee was not following the lawful trust instructions or something.
No. It means that the man is giving her regards.
Best regards is a closing term used in a letter or speech. It mean that you wish the party well.
continuous (or regular) pension