See also: action, speak, word. something that you say which means that what you do is more important than what you say Of course the government have made all sorts of promises but as we all know, actions speak louder than words. See also: Action, speak, word.
defined contribution plan. A company retirement plan, such as a 401(k) plan or 403(b) plan, in which the employee elects to defer some amount of his/her salary into the plan and bears the investment risk.
Upon retirement, the participant's account is used to provide retirement benefits, often through the purchase of an annuity. Defined contribution plans have become more widespread over recent years and are now the dominant form of plan in the private sector.