defined contribution
noun /dɪˌfaɪnd ˌkɒntrɪˈbjuːʃn/
/dɪˌfaɪnd ˌkɑːntrɪˈbjuːʃn/
- fixed payments that are made to a pension plan, where the amount that will be paid out can change
- In a defined contribution plan, it is the employee, not the employer, who bears the risk.