defined contribution pension scheme
A pension scheme is a defined contribution (DC) scheme if the size of the pension benefit is determined based on the combined amount of contributions paid into the scheme and their investment return. In such cases, contributions are often fixed and the benefit are flexible.
See also defined benefit pension scheme.
- Suomeksi: maksuperusteinen eläkejärjestelmä
- På svenska: avgiftsbestämt pensionssystem
- In English: defined contribution pension scheme