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| Term: Defined Contribution Plan |
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| A pension, health or other benefits plan typically provided by an employer under which the employer gives each employee a fixed amount of money, or "contribution." When provided for health benefits, this amount can be used either to purchase health insurance or directly to pay for the cost of health services. There are distinct differences among the types of defined contribution plans offered from employer to employer. You should check with your employer for details if they offer these plans. |
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