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English definition of “non-contributory”

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non-contributory

adjective ( also noncontributory)
 
 
/ˌnɒnkənˈtrɪbjʊtri/ US   /ˌnɒnkənˈtrɪbjətɔːri/
FINANCE, HR used to describe a benefit (= something of value offered in addition to a salary) for an employee that is completely paid for by the company, not the employee: The bank has recently closed its non-contributory pension scheme.
Translations of “non-contributory”
in Chinese (Traditional) (金融計劃等)全部由僱主支付的,非共醵的…
in Chinese (Simplified) (金融计划等)全部由雇主支付的,非共醵的…
(Definition of non-contributory from the Cambridge Business English Dictionary © Cambridge University Press)
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