Definitions for "Employer Contribution"
The amount an employer contributes toward the premium costs of the contract. Employer contributions can be based on dollar amounts, percentages, employment status, length of service, single or family status, or other variables or combinations of the above.
Employer contribution: An amount your employer contributes to your 457(b) plan on your behalf. Some employers match a percentage of a participant's salary deferral contribution (generally called matching contributions); others allocate a dollar amount to 457(b) accounts based on a specific formula (sometimes called nonelective contributions). Note that employer contributions are factored into the basic annual limit.
The amount Northrop Grumman contributes toward the premium cost of your benefits.