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defined contributions
English
Meaning
defined contributions
meaning
What does
defined contributions
mean?
defined contributions
adjective
—
(
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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