Sentence examples for a defined contribution from inspiring English sources
For those earning more that £50,000, employers will contribute 12% towards a defined contribution scheme.
The majority, if not all, will be enrolled into a defined contribution scheme.
JBCC offers a defined contribution plan to employees who have worked at JBCC for two years.
A defined contribution pension scheme is set up by the employer, and he or she must contribute to the scheme.
If you belong to a defined contribution (DC) scheme, you have a choice of funds to put your money into.
A new system is gradually taking over that consists of a defined contribution scheme, plus a minimum guaranteed pension.
The effect would be a bit like changing from a defined-benefit pension to a defined-contribution one.
He gave the example of a teacher with pension benefits, Social Security and savings in a defined- contribution 403(b) plan.
A defined-benefit plan promises the recipient a specific monthly payment, and the payout of a defined-contribution plan depends on how much money an individual contributes.
A defined-contribution program, on the other hand, allows employees to contribute money to an account such as a 401(k).
But the number of 401(k) accounts, a k a defined-contribution plans, soared.
