Comparative law notes
Although the English term "pension fund" is quite broad in English, it shares the same basic purpose as a Pensionkasse (and indeed all German occupational pension schemes): providing pension benefits to employees. Since the scope and effect of this English concept is somewhat different than the German concept of Pensionskasse, we generally recommend using the neologism below "pension scheme". Moreover, the English phrase pension fund is a more appropriate translation for another German pension vehicle known as "Pensiondsfonds", inasmuch as that vehicle enjoys that same flexible investment options that traditional pension funds in the Anglo-American have.