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Noncontributory Pension Plan |
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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.
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