April 25, 2022 April 25, 2022/ Steven Bragg
A noncontributory plan is any pension plan or other type of benefit plan that is paid for entirely by the employer. Participants in the plan are not required to make any payments. Employers frequently set up life insurance noncontributory plans for their employees, though the total amount of coverage tends to be low. Noncontributory plans are most beneficial for low-income employees, who might not otherwise be able to afford the associated benefits.
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April 25, 2022/ Steven Bragg/
Definition from Wiktionary, the free dictionary
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non- + contributory
Adjective[edit]
noncontributory (not comparable)
- Describing a pension plan in which the members do not provide their own direct contributions (that is, the employer makes all monetary contributions; the employees make no monetary contributions, whereas their service toward the company's ability to operate is their indirect contribution, for which the pension is remuneration).
- Not being a contributing factor (to a decision, analysis, or situation), such as not contributing to a medical diagnosis.
Although medical history is always relevant to diagnosis, it is sometimes noncontributory, shedding no light on possible causes of symptoms.