defined contribution
noun/dɪˌfaɪnd ˌkɒntrɪˈbjuːʃn/
/dɪˌfaɪnd ˌkɑːntrɪˈbjuːʃn/
- fixed payments that are made to a pension plan, where the amount that will be paid out can change
- In a defined contribution plan, it is the employee, not the employer, who bears the risk.
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defined contribution