| 单词 | money purchase |
| 释义 | > as lemmasmoney purchase money purchase n. attributive designating or relating to a pension scheme in which the value of the pension received depends on the value of the contributions made and the returns made on their investment, rather than on the person's final salary and length of service. ΚΠ 1958 Jrnl. Educ. Sociol. 31 296 There is need for this extra protection against possible inflation in a ‘money-purchase’ annuity plan based on past wage levels. 1991 Which? Aug. 463/1 The kind of benefits and pension you get depends on the type of scheme. There are two main types: final salary schemes, and money purchase schemes. 1996 L. Gough Choosing Pension vi. 90 They are final salary schemes, but your contributions are invested on a money purchase basis, which means you have your own personal fund. < as lemmas |
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