defined contributions

English

Alternative forms

• DC
• defined contribution

Adjective

defined contributions (not comparable)

1. (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.

Synonyms

• money purchase

Antonyms

• defined benefits
• final salary