A plan which requires employees to pay part of the cost for the benefit plan.
A group insurance plan under which individual group members must contribute some or all of the premium in order to be covered under the group plan. This term also refers to a retirement plan that requires plan participants to make contributions to fund the plan.
Group plan under which the insured shares in the cost of the plan with the policyholder.
a plan in which money for pension benefits is contributed by both employees and employers ”N‹à‹'o•ª'S
A pension plan that requires the employee to make contributions by payroll deduction in order to qualify for benefits under the plan.
(1) A group insurance plan under which insured group members must contribute some or all of the premium for their coverage. (2) A retirement plan that requires plan participants to make contributions to fund the plan. See also noncontributory plan.
A pension plan which requires the employees to make contributions (withheld from earnings) in order to qualify for benefits under the plan.
A method of payment for group insurance coverage in which part of the premium is paid by the employee and part is paid by his/her employer or unit.
Pension plan in which the money for pension benefits is paid in by both employees and employers.
(1) A group insurance plan under which individual group members must contribute some or all of the premium in order to be covered under the group plan. (2) A retirement plan that requires plan participants to make contributions to fund the plan. Contrast with noncontributory plan.
