Financial claims that pension funds hold against pension managers and that current employees and former employees hold against either their employers, an insurer or a scheme designated by the employer to pay pensions as part of a compensation agreement between the employer and the employee.
The definition of the concept is consistent with Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union and the Sixth Edition of the IMF's Balance of Payments and International Investment Position Manual (BPM6).