Statistical Terms Glossary

The operation and oversight of a pension fund. The governing body is responsible for administration, but may employ other specialists, such as actuaries, custodians, consultants, asset managers and advisers to carry out specific operational tasks or to advise the plan administration or governing body.

A type of administrator in the form of a company whose exclusive activity is the administration of pension funds.

See Fund member

The pension fund sub-sector consists of only those social insurance pension funds that are institutional units separate from the units that create them.

The pool of assets forming an independent legal entity that are bought with the contributions to a pension plan for the exclusive purpose of financing pension plan benefits. The plan/fund members have a legal or beneficial right or some other contractual claim against the assets of the pension fund.
Pension funds take the form of either a special purpose entity with legal personality (such as a trust, foundation, or corporate entity) or a legally separated fund without legal personality managed by a dedicated provider (pension fund management company) or other financial institution on behalf of the plan/fund members.

Pension funds are established for purposes of providing benefits on retirement for specific groups of employees.

Insurance contracts that specify pension plans contributions to an insurance undertaking in exchange for which the pension plan benefits will be paid when the members reach a specified retirement age or on earlier exit of members from the plan. Most countries limit the integration of pension plans only into pension funds, as the financial vehicle of the pension plan. Other countries also consider the pension insurance contract as the financial vehicle for pension plans.

Are persons of either sex, not classified as usually economically active, who receive income from property or investments, interests, rents, royalties or pensions from former activities, and who cannot be classified as students or homemakers.

A legally binding contract having an explicit retirement objective (or in order to satisfy tax-related conditions or contract provisions the benefits can not be paid at all or without a significant penalty unless the beneficiary is older than a legally defined retirement age).

The individual(s) ultimately responsible for the operation and oversight of the pension plan.

See Beneficiary

See Fund member

An institution (e.g. company, industry/employment association) that designs, negotiates, and normally helps to administer an occupational pension plan for its employees or members.

A governmental authority with competence over the regulation of pension systems.

See Pension funds, Pension plan, Retirement plan

A governmental authority with competence over the supervision of pension systems.

See Normal retirement age

See Service period

Per capita general government expend International Telecommunication Union re on health (GGHE) expressed at average exchange rate for that year in US dollar. Current prices.

Daily add-on to pay for workers in travel status. Usually covers lodging, meals, and miscellaneous expenses related to travel.

See Rule of reason

The resource rent divided by the number of physical units extracted.

Refers to the percentage of the population, aged 15 or more years who report their health to be 'good' or better.

Urban population as a percentage of the total population.

See Consumer Support Estimate (CSE)

Percentage of live births attended by skilled health personnel during a specified time period.

Number of births to women in age group 15-19 years over a given period, divided by the person-years lived by women aged 15-49 years over that period. Figures are expressed in births per 100 women aged 15-49 years.

This indicator provides the proportion of children aged 5-17 years World Health Organization [WHO] are engaged in child labour. It is calculated by dividing the number of children aged 5-17 years World Health Organization [WHO] are reported to have been engaged in child labour in the past week by the total number of children aged 5-17 in the population.

This indicator provides the proportion of women aged 20 to 24 years World Health Organization [WHO] were first married by age 18. It is calculated by dividing the number of women aged 20‐24 World Health Organization [WHO] were first married or in union by age 18 by the total number of women aged 20‐24 in the population.