defined-contribution
adjective[before noun]
HRukusused todescribeapensionarrangementin which theamountpaidinto thepensionplanisfixedbut thevalueof thepensionthat isreceivedmaychange,accordingto how themoneyin theplanwasinvested:
a defined-contributionpension/plan/scheme
defined contribution
noun[C]
Manyfirmshaveclosedschemesunder whichemployeeswouldreceiveretirementbenefitsbasedonfinalsalariesinfavourof makingdefinedcontributionstoemployees'pensionfunds.