| 单词 | defined contribution |
| 释义 | defined contribution A provision of a pension scheme by which the rules fix the contributions to the scheme by employers and employees. The benefits paid to pensioners are determined by what can be afforded from the pension fund built up by these contributions. A defined contribution scheme is contrasted with a defined benefit scheme, in which the benefits to the pensioner are independent of the financial performance of the pension fund, the risk of poor performance falling on the employer. |
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