money purchase

adjective

Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contributions to the scheme over the employee's working life.

Similar
defined contributions
Opposite
defined benefitsfinal salary
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Meanings

adjectivemoney purchase (not comparable)
  1. UKnot comparablepensionsDescribing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contributions to the scheme over the employee's working life.

    Synonyms: defined contributions

Synonyms & antonyms

adjectiveDescribing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contributions to the scheme over the employee's working life.

Similar
defined contributions
Opposite
defined benefitsfinal salary
Also see
defined contributions
Cite this entry
APA

money purchase. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/money%20purchase

MLA

“money purchase.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/money%20purchase. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “money purchase,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/money%20purchase.

Source: money purchase on Wiktionary, CC BY-SA 4.0.