Phrases with «contribution plan»

A "contribution plan" refers to a program or system where individuals, usually employees, contribute a certain amount of money towards a specific goal or purpose. It could be for retirement savings, healthcare expenses, or other benefits. Basically, it involves making regular contributions towards something that will benefit the person in the future. Full definition

Related phrases

Sentences with «contribution plan»

  • For the latter, today's workers usually have a defined contribution plan in which the worker and employer contribute to the plan and the worker bears the risk for account performance. (ssa.gov)
  • By contrast, those private employers who have switched over to defined contribution plans in recent decades will be unaffected. (educationnext.org)
  • It would set a portable defined contribution plan as the default, but it would also allow teachers to opt - in to a pension plan if they chose to. (teacherpensions.org)
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