noncontributory pension plan

(redirected from Non-Contributory Pension Schemes)

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 ?
Money, flattery, titles, flattery, MBAs, non-contributory pension schemes and flattery are
In both South Africa and Brazil, two developing countries with the most comprehensive non-contributory pension schemes, analysis of a range of deprivation indicators shows that pension recipients have a lower level of deprivation, especially in urban areas (Barrientos et al, 2003).
THE Ralphs are in the fortunate position of both working for banks that run non-contributory pension schemes.

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