_________ is a term used to refer pensions that some level of Government administration.

Insurance pension fund
Public pension fund
Private pension fund
Market pension fund

The correct answer is: B. Public pension fund

A public pension fund is a pension fund that is managed by a government or other public authority. Public pension funds are typically funded by contributions from employees and employers, and they may also receive government subsidies. The benefits paid out by public pension funds are typically based on the employee’s salary and years of service.

Public pension funds are an important source of retirement income for many people. In the United States, for example, public pension funds provide retirement income for about 40% of all retirees. Public pension funds are also a major source of investment capital. In the United States, public pension funds hold about $3 trillion in assets.

There are a number of different types of public pension funds. The most common type is a defined benefit plan. In a defined benefit plan, the employer promises to pay the employee a certain amount of money each month after retirement. The amount of the monthly payment is based on the employee’s salary and years of service.

Another type of public pension fund is a defined contribution plan. In a defined contribution plan, the employer and employee each contribute a certain amount of money to the plan each year. The money in the plan is invested, and the employee receives a lump sum payment at retirement. The amount of the lump sum payment depends on the performance of the investments.

Public pension funds are subject to a number of risks. One risk is that the investments in the fund may not perform well. This could lead to a decrease in the value of the fund, which could reduce the amount of money that retirees receive. Another risk is that the government may not be able to afford to pay the benefits promised to retirees. This could lead to a decrease in the benefits paid out by the fund, or even to the fund going bankrupt.

Despite the risks, public pension funds are an important source of retirement income for many people. They are also a major source of investment capital. Public pension funds play an important role in the economy.