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.
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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

noncontributory pension plan

A pension plan in which the participating employees are not required to support the plan with contributions. Compare contributory pension plan.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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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