653000 Pension funding

This type includes the provision of retirement income benefits exclusively for the sponsor’s employees or members and other insurance products regulated as employer-related funds. It includes pension plans with defined benefits as well as defined contributions.

This type includes:

• activities of private or public pension companies (foundations, co-operative societies) concerned with legal mandatory or optional occupational pension
• provision of employee benefit plans
• provision of pension funds and plans
• provision of retirement plans

This type also includes:

• activities of pension companies which provide statutory benefits and have active insured members
• activities of frozen or ceasing-activity pension companies, without active insured members
• activities of benevolent funds without insured members entitled to benefits
• activities of financing foundations

This type excludes:

• management of pension funds, see 663000

• compulsory social security schemes, see 843000