contributory pension scheme

contributory pension scheme
contributory pension scheme contributory pension scheme scheme

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contributory pension scheme UK US noun [C] UK (US contributory pension plan) HR, FINANCE
a type of pension into which both the employer and employee pay money: »

Conditions of service are good with a contributory pension scheme, subsidised canteen and free life insurance.

Financial and business terms. 2012.

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Look at other dictionaries:

  • contributory pension scheme — /kənˌtrɪbjυt(ə)ri penʃən ski:m/ noun a scheme where the worker pays a proportion of his or her salary into the pension fund …   Dictionary of banking and finance

  • non-contributory pension scheme — ➔ scheme …   Financial and business terms

  • contributory pension plan — ➔ pension plan * * * contributory pension plan UK US noun [C] US HR, FINANCE ► CONTRIBUTORY PENSION SCHEME(Cf. ↑contributory pension scheme) …   Financial and business terms

  • non-contributory pension scheme — An occupational pension scheme in which all the contributions to the scheme are made by the employer …   Accounting dictionary

  • contributory pension — A pension in which the employee, as well as the employer, contributes to the pension fund. Compare: non contributory pension scheme …   Accounting dictionary

  • scheme — [skiːm] noun [countable] 1. an official plan or arrangement that is intended to help people in some way: • a government training scheme for the unemployed 2. FINANCE an arrangement in which the government or an employer provides financial help to …   Financial and business terms

  • contributory — adj. & n. adj. 1 that contributes. 2 operated by means of contributions (contributory pension scheme). n. Brit. Law a person liable to contribute towards the payment of a wound up company s debts. Phrases and idioms: contributory negligence Law… …   Useful english dictionary

  • Pension provision in the United Kingdom — UK Pension Provision falls into seven major divisions; Basic State Pension, State Second Pension (S2P), Occupational Pensions, Stakeholder Pensions, Group Personal Pensions and Personal or Individual Pensions. Personal Accounts automatic… …   Wikipedia

  • Pension — This article is about the retirement income arrangement. For the type of lodging, see Pension (lodging). For the mortgage repayment scheme, see Mortgage loan. Financial market participants …   Wikipedia

  • pension — A specified sum paid regularly to a person who has reached a certain age or retired from employment. It is normally paid from the date of reaching the specified age or the retirement date until death. A widow may also receive a pension from the… …   Big dictionary of business and management

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