das Versorgungswerk
Translation
pension fund, professional pension scheme, provident fund, supply institution
Examples
Ärzte zahlen in ein Versorgungswerk ein.
Doctors pay into a professional pension fund.
Das Versorgungswerk sichert die Rente der Mitglieder.
The pension fund secures the members' pensions.
Grammar Patterns
to pay into ((sth.)) He pays into the Versorgungswerk every month.
to be a member of ((sth.)) She is a member of the architects' Versorgungswerk.
Similar Words
Synonyms: Pensionskasse (pension fund), Rentenversicherung (pension insurance)
Etymology
Composed of 'Versorgung' (provision, supply) and 'Werk' (work, institution). Literally an 'institution for provision'.
Memory Tips
Think of it as a 'work' or institution ('Werk') that 'provides for' ('versorgt') you in retirement, typically for specific professions.