Site Search
Main Insurance Terms voluntary deductible employee contribution plan

voluntary deductible employee contribution plan



pension plan that allows an employee to contribute by electing to have money deducted from each paycheck. Some qualified plans such as 401 (k) allow employees to contribute pre-tax dollars, while others require employees to put in after-tax dollars.



Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

voluntary deductible employee contribution plan