Definition, Meaning & Synonyms
employer-contribution
noun
/ɪmˈplɔɪər kənˈtrɪbjuːʃən/
Definition
The amount of money an employer contributes to an employee’s benefit plan, such as retirement plans or health insurance.
Examples
- The employer contribution to the health insurance plan was increased this year.
- Employees are encouraged to maximize their 401(k) employer-contribution benefits.
Meaning
Employer contribution refers to the funds that an employer allocates to support employee benefits. This can include contributions toward health insurance premiums, retirement savings plans, and other financial benefits.
Synonyms
- employer funding
- employer support
- employer share
