noncontributory pension plan

(redirected from Noncontributory Pensions)

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 ?
Most of these programs are targeted to poor households with children; others provide noncontributory pensions for older adults living in poverty.
Sometimes being 'the first' to introduce a particular social reform, such as noncontributory pensions based on statutory entitlement, was a strenuous task.
A break-down of the records show 295,000 were related to state pensions, 63,000 to oneparent family payments, 15,000 to widows' noncontributory pensions and 800 to orphans contributory pensions.