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English definition of “non-contributory”

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.
(Definition of non-contributory adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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