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noncontributory English

Meaning noncontributory meaning

What does noncontributory mean?

noncontributory

Describing a pension plan in which the members do not provide their own direct contributions (that is, the employer makes all monetary contributions; the employees make no monetary contributions, whereas their service toward the company's ability to operate is their indirect contribution, for which the pension is remuneration). describing a pension plan in which the members do not provide their own direct contributions

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