Home > Term: Defined contribution plans
Defined contribution plans
There are many different types of these plans. In them, employers give each worker a fixed amount of money. The worker can use the money for retirement, health or some other benefit. When the plan is for health benefits, the money can be used to pay for health insurance or health services.
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: Aetna
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(London, United Kingdom)