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Pension funds with legal personality: The pension fund with legal personality is an independent. legal entity created to manage a pension fund and is the same legal entity as the fund itself. Examples of. this type of pension fund construction are foundations or mutual associations. 5.
pension plan administrator. Definition. A person who manages the running of a pension program in a company. Regular operations like collecting payments, properly allocating them to the assets that form part of the pension plan's portfolio and finally, the disbursement of pension to those who qualify, is managed by the pension plan administrator. Most Viewed.