Accounting Dictionary - Letter D

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Defined contribution pension plans
only define the amount of contribution the employer has to make to the plan. The employer must only contribute a certain amount to the plan each period. The amount of employer's contribution is based on a formula, which includes such factors as employees' age, years of service, salary levels, and employers' revenues.
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