noncontributory pension plan

(redirected from Non-Contributory Pension Plan)

Noncontributory pension plan

A pension plan that is fully paid for by the employer, requiring no employee contributions.

Noncontributory Pension Plan

A pension where the pensioner (or employee) makes no contributions. Instead, the employer makes all contributions on the pensioner's behalf. This contrasts with most pension plans, where both employee and employer make contributions. See also: Matching Contribution, Contributory Pension Plan.

noncontributory pension plan

A pension plan in which the participating employees are not required to support the plan with contributions. Compare contributory pension plan.
References in periodicals archive ?
This company-initiated incentive is being offered in accordance with Caterpillar's Non-Contributory Pension Plan.
Under the agreement, unionized employees in York continue to be fully covered by the Company's traditional non-contributory pension plan.
The offered shares were sold by MSA's non-contributory pension plan for employees, The Pittsburgh Oratory, John T.

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