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Dictionary definition: non-contributory pension scheme
- Article from:
- A Dictionary of Economics
- Author:
Copyright© A Dictionary of Economics 2002, originally published by Oxford University Press 2002. (Hide copyright information)
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non-contributory pension scheme
A pension scheme in which members are not required to contribute to the cost of their pensions, which is entirely met ...
Related newspaper, magazine, and journal articles:
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Article: Government could dispel misery overnight ; One hundred years ago ...
Western Morning News, The Plymouth (UK);
August 1, 2008 ;
700+ words
... ... years ago today the first Old Age Pensions Act became law and went on to the statute book. It introduced a non- contributory pension of five shillings a week (about 23 per cent of average earnings) for individual men and women of "good character ...
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