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Simple English definitions for legal terms

contributory pension plan

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A quick definition of contributory pension plan:

A contributory pension plan is a retirement savings plan where both the employer and employee contribute money. The employer and employee put money into the plan, which is invested to grow over time. When the employee retires, they receive regular payments from the plan based on how much money was contributed and how much it grew. This type of plan helps employees save for retirement and ensures they have income when they stop working.

A more thorough explanation:

A contributory pension plan is a type of pension plan where both the employer and the employee contribute. This means that both parties are responsible for funding the plan, which will provide retirement income to employees or result in a deferral of income by employees extending to the termination of employment or beyond.

For example, if an employee contributes a certain percentage of their salary to the pension plan, the employer will also contribute a matching amount. This ensures that the employee has a retirement fund that is funded by both themselves and their employer.

Other types of pension plans include:

Overall, a contributory pension plan is a way for both the employer and employee to contribute to a retirement fund, ensuring that the employee has a source of income after they retire.

contributory-negligence doctrine | controlled company

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General

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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