contributory pension scheme Meaning in the Cambridge English Dictionary
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Meaning of “contributory pension scheme” in the English Dictionary

"contributory pension scheme" in Business English

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contributory pension schemenoun [C]

uk   us   UK ( US contributory pension plan) HR, FINANCE
a ​type of ​pension into which both the ​employer and ​employeepaymoney: Conditions of ​service are good with a contributory ​pensionscheme, ​subsidisedcanteen and ​freelifeinsurance.
(Definition of contributory pension scheme from the Cambridge Business English Dictionary © Cambridge University Press)
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