money purchase
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money purchase
adjective
-
Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contributions to the scheme over the employee's working life.
Similar: defined contributions
Opposite: defined benefits, final salary
Thesaurus
adjective
Opposite: defined benefits, final salary
Talk about this word "money purchase." Wiktionary, via Micwyn, micwyn.com/word/money%20purchase. Accessed 6 Nov. 2026. money purchase. (n.d.). In Wiktionary, via Micwyn. Retrieved November 6, 2026, from https://micwyn.com/word/money%20purchase "money purchase." Wiktionary, via Micwyn. Accessed November 6, 2026. https://micwyn.com/word/money%20purchase.Cite this
@misc{money_purchase_2026,
title = {money purchase},
howpublished = {Wiktionary, via Micwyn},
year = {2026},
url = {https://micwyn.com/word/money%20purchase},
urldate = {2026-11-06}
}
