employee contribution

employee contribution definition - business

employee contribution

An employee's required payment for a portion of the total cost of a benefit offered by an employer. For example, an employee may be required to contribute $100 per month for health insurance coverage.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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