Definitions for "Non-Contributory"
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.