Definition: Money purchase plan
Living conditions
A pension plan providing benefits on a money purchase basis (ie the determination of an individual member’s benefits by reference to contributions paid into the scheme in respect of that member, usually increased by an amount based on the investment return on
those contributions)
Source:
Organisation for Economic Co-operation and Development (OECD)/Organisation de coopération et de développement économiques (OCDE), OECD Glossaries/Glossaires de l'OCDE, Private pensions - OECD classification and glossary; Les pensions privées - Classification et glossaire de l'OCDE, Paris, 2005
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