MSIC 653—Pension funding

Where 653 sits

1. L Financial and Insurance/Takaful Activities
2. 65 Insurance, reinsurance and pension funding, except compulsory social security
3. 653 Pension funding

Contains 1 narrower code

• 6530 Pension funding

What 653 includes

• This group includes provision of retirement income benefits exclusively for the sponsor's employees or members. This includes pension plans with defined benefits as well as defined contributions. This group includes provision of employee benefit plans, pension funds and plans and retirement plans.

What 653 excludes

• This group excludes management of pension funds (see class 6630) and compulsory social security schemes (see class 8430) .

653 in other systems