Warning

Info

LSDefine

Simple English definitions for legal terms

noncontributory pension plan

Read a random definition: Hatch–Waxman Act

A quick definition of noncontributory pension plan:

A noncontributory pension plan is a retirement plan where only the employer contributes money towards the retirement benefits of the employees. This means that the employees do not have to contribute any money towards their retirement benefits.

A more thorough explanation:

A noncontributory pension plan is a type of pension plan where only the employer contributes to the plan. This means that the employee does not have to contribute any money towards their retirement savings.

For example, if an employer offers a noncontributory pension plan to their employees, they will be responsible for funding the plan entirely. The employees will not have to contribute any portion of their salary towards the plan.

Noncontributory pension plans are different from contributory pension plans, where both the employer and employee contribute to the plan. They are also different from defined-contribution pension plans, where the employer contributes a set amount of money to the plan, but the employee is responsible for managing their own investments.

Overall, noncontributory pension plans can be a valuable benefit for employees, as they allow them to save for retirement without having to contribute any of their own money.

nonconsumable | noncore proceeding

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Quillinit
11:57
ah you filed retro W's from classes in UG?
Quillinit
11:58
ah okay, sorry homie that's rough
it's fine i got into one of my top choices so im really happy
Quillinit
11:58
<3 happy for you
getting into cornell is hugeee
ayyyyy
Quillinit
11:59
^^^^^ would love to get into Cornell lmao
Quillinit
11:59
or anywhere!
you got it, believeeee
12:06
@letsseehowitgoesnow: you okay?
12:08
@ KnowledgeableRitzyWasp did u withdraw frm all your classes for two years or just a few? i have 2 W's
12:23
listening to the front bottoms at the gym again ist es over fur mich?
My wife and I saw TFB with manchester orchestra the night before thanksgiving a few years back and it was pretty damn choice
shaquilleoatmeal
12:27
yoo lets dawg what happened, you good?
12:28
breakup
12:28
happens to the best of us
12:28
@UnsuitableMaliciousHedgehog: that’s so fucking sick
rough night and morning with ex :/. we broke up but we live together
shaquilleoatmeal
12:29
damn ;/ it is break up season dawg, i'm sorry you're going through that
12:29
it really is breakup season
shaquilleoatmeal
12:29
i lived with my ex for 3 months after we broke up and it was brutal. If you can move out quicker rather than later
thanks shaq! i just needed some input from people who are looking from the outside in
im gonna pack up my stuff and leave for a few days when i get off work
12:31
sometimes I think about things my ex said and did to me and a year later it still makes me so sad that I ever let myself be treated that way
shaquilleoatmeal
12:32
yee bud clear your head how you need, shit sometimes even just driving with no destination and some sad ass music can get you through this
shaquilleoatmeal
12:32
you grow through what you go through bunny, you know for the next relationship what you deserve
I want to run you guys through a scenario to see what yall think. Go to off topic for the one time lol
12:34
gotchu
LSD+ is ad-free, with DMs, discounts, case briefs & more.