Definition of noncontributory in English:

Share this entry

noncontributory

Pronunciation: /ˌnänkənˈtribyətôrē/

adjective

1Not playing a part in bringing something about.
2(Of a pension or pension plan) funded by regular payments by the employer, not the employee.
Example sentences
  • Even in a non-contributory scheme, the employer's payments are not bounty.
  • ‘We have to be satisfied that people are not disposing of capital for the sole purpose of obtaining a non-contributory pension from the department,’ said the spokeswoman.
  • But in this job I qualified for a non-contributory pension scheme from the start, and if I work until I'm 65, it should be worth £100,000 on current predictions, and I can take up to half of that as a lump sum.
Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.