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 employee pay money:

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

(Definition of “contributory pension scheme” from the Cambridge Business English Dictionary © Cambridge University Press)