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Simple English definitions for legal terms

noncontributory pension plan

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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.

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renard99
14:18
^ find that rando in your circle and ask them where they've stored all their cycle letters
ReminiscentZestyFish
14:18
Vandy??
renard99
14:18
Possibly in a dark corner of the attic in a box
VANDY
soyalmondoatmilk
14:18
vandy A let's gooooo
all the Vandy
ReminiscentZestyFish
14:18
Aint no way
jackfrost11770
14:19
Wow that's awesome nothing from vandy
GreyCeaselessMammoth
14:19
what
GreyCeaselessMammoth
14:19
fuck
renard99
14:19
@soyalmondoatmilk: Congratulations!!!
jackfrost11770
14:19
I applied in November
jackfrost11770
14:19
Idk when the As did
GreyCeaselessMammoth
14:19
does anyone know if they usually release all at once or waht
nothing
jackfrost11770
14:20
Well I hope not otherwise I'm screwed
jackfrost11770
14:21
Anderson cooper PLEASEEEEE
For ED and their last wave of decisions it was an email all at once
GreyCeaselessMammoth
14:22
ugh
gonna go cry
jackfrost11770
14:22
Ugh
jackfrost11770
14:22
:(
ReminiscentZestyFish
14:23
Small ahh wave
GreyCeaselessMammoth
14:23
yeah the smallness of this wave makes me think there might be more to come? am i being crazy? only one wave a month it should be a tsunami rn
14:24
@jackfrost11770: chillll it still early in the cycle, especially relative to this and last yearrrr
its also still early in the day
i think theres def more waves todayu
StillDoingMyBest
14:25
do y'all think the lsat is easier or harder without the logic games
[] starfishies
14:25
ppl prob need a few minutes to update their results
pee pee poo poo
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