contributory pension plan

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 ?
The director-general has revealed that the Government is committed to ascertain paying regular pensions, gratuities and contribution to the new contributory pension plan.
702 (1978), involved a contributory pension plan of a municipality.
The multi-tiered, scalable architecture allows for high volume processing of nearly any type of contributory pension plan around the world.