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defined contributions

(UK, pensions) Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contribu

dɪˈfaɪnd ˌkɑntɹəˈbjuʃənz155 viewsLast reviewed Jun 29, 2026+ Add a definition
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#1·Apr 27, 2026UK

(UK, pensions) Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contributions to the scheme over the employee's working life.

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