A term applied to employee benefit plans under which the employer bears the full cost of the benefits for the employees. One hundred percent of the eligible employees must be insured.
In business, a type of employee benefit plan or insurance coverage in which the employer pays the full cost for all eligible employees. The employees do not contribute.
An employee benefit plan, usually group, under which the employer pays the entire premium and the employee contributes no part of the premium.
Employee benefit plans paid for by the employer. One hundred percent of the eligible employees must participate
If a plan is non-contributory, covered employees do not pay anything — do not make any contributions — to participate. Company-paid plans, such as accidental death and dismemberment insurance, are non-contributory plans.
A term applied to employee benefit plans or insurance schemes when the employer pays the full cost and the employee is not asked to contribute.
An employee benefit plan under which the employer pays the entire cost of the insurance or pension benefit, sharing none of the costs with the employees.
This is a type of pension scheme where the members do not have to pay into the scheme themselves.