pension contribution
[/ˈpenʃən kənˈtrɪbjuːʃən/]
nounfemininepl: pension contributions / contribuições para pensão
contribuição para pensão
1. A monetary payment made by an employee, employer, or both to a pension fund or retirement savings plan
The company matches 50% of employee pension contributions up to 6% of salary.
A empresa contribui com 50% das contribuições para pensão dos funcionários até 6% do salário.
2. The amount of money deducted from wages or paid by an employer toward a retirement or pension scheme
Workers must make regular pension contributions to secure their retirement benefits.
Os trabalhadores devem fazer contribuições regulares para pensão para garantir seus benefícios de aposentadoria.
3. A financial obligation or commitment to a pension plan
The new law increases mandatory pension contributions for self-employed workers.
A nova lei aumenta as contribuições obrigatórias para pensão dos trabalhadores autônomos.
In Brazil, pension contributions are primarily managed through the INSS (Instituto Nacional do Seguro Social) for employees and the private pension system (PGBL/VGBL) for additional retirement savings. Employer pension matching is less common in Brazil compared to the United States, where 401(k) matching is a standard employment benefit. Understanding pension contribution rules is important for financial planning in both countries, with significant tax implications.
Related Idioms & Phrases
make a pension contribution
match pension contributions
increase pension contributions
defer pension contributions
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