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单词 contributory pension scheme
释义 contributory pension scheme

A pension scheme in which scheme members are required to contribute to the scheme's funds, usually by deduction of a percentage of their pay. This is contrasted with a non-contributory pension scheme, where the entire cost is borne by the employer. In a contributory pension scheme the employer normally also bears part of the cost.

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更新时间:2025/4/13 6:45:16