contributory pension plan

(redirected from Contributory Pension Plans)

Contributory Pension Plan

A pension where the pensioner (or employee) must make contributions. The employer often makes matching contributions to increase the value of the pension plan. Most pensions are contributory pension plans. See also: Noncontributory Pension Plan.

contributory pension plan

A pension plan in which the participating employees are required to support the plan with contributions. Compare noncontributory pension plan.
References in periodicals archive ?
An integrated suite of products providing solutions for retirement plan administration, Omni encompasses: OmniPlus, a recordkeeping system that supports the administration of a variety of contributory pension plans in the U.