defined contribution plan

Under ERISA, an employee retirement plan in which each participant has a separate account — funded by the employee’s contributions and the employer’s contributions (usu. in a preset amount) — and each participant’s benefits are based solely on what has accumulated in the participant’s account. 29 USCA § 1002(34).

— Also termed defined-contribution pension plan; individual account plan. Cf. defined-benefit plan. [Cases: Pensions 28. C.J.S. Pensions and Retirement Plans and Benefits §§ 11–15.]

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词条贡献者

译者晓琳，法学硕士（国际争议解决方向），擅长翻译各种与复杂跨境争议相关的法律文件。