Money purchase pension plan

Money purchase pension plan: Another term for defined contribution pension plan.

Money purchase pension plan
A qualified retirement plan in which the employer contributes an amount to each employee's plan account in proportion to his or her wages.

Investopedia Says:
The target benefit plan also bears some similarity to a money purchase plan as contributions are mandatory. Generally speaking, a target benefit plan is a cross between a money purchase pension plan and a defined benefit plan.

money purchase pension plan A defined, contribution plan in which the amount of contributions each employee... money supply The total supply of money in circulation in a given country's economy at a specific...

See also: Distribution, Pension, Pension plan, Retirement, Share