relating to a pension scheme in which both employer and employee make contributions to a fund that is used to buy an annuity on retirement. The amount paid as a pension depends on the size of the fund
Examples of 'money-purchase' in a sentence
money-purchase
What if it's a money-purchase?
Times, Sunday Times (2018)
This applies both to money-purchase and final-salary plans.
Times, Sunday Times (2006)
The same applies to people in money-purchase pensions.
Times, Sunday Times (2009)
He has two money-purchase schemes from a previous employer.
Times, Sunday Times (2010)
However, switching workers from final-salary to money-purchase schemes costs pensioners dearly.
Times, Sunday Times (2009)
2012 individuals in money-purchase company schemes will be forced back into the state scheme.
Times, Sunday Times (2006)
Most people with a money-purchase plan buy an annuity to provide income at retirement.
Times, Sunday Times (2014)
It is a money-purchase scheme with a 3 per cent employer contribution.
Times, Sunday Times (2007)
Saving into a money-purchase plan need not necessarily leave you worse off in retirement.
Times, Sunday Times (2009)
But, as a concept, money-purchase schemes have been unfairly demonised.