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Definitions from the Web

Mandated Contributions

Definition:

Mandated contributions refer to payments that are required by law or regulation, typically made to a specific fund or program. These contributions are obligatory and often imposed to support various social welfare programs or other public initiatives.

Example Sentences:

1. The company deducts a portion of each employee's salary as mandated contributions to the pension fund.
2. Citizens are required to make mandated contributions towards healthcare to ensure universal coverage.
3. Small businesses face financial challenges due to the high level of mandated contributions they have to pay.

Possible Related Products:

• Employee Pension Plans
• Health Insurance Policies
• Social Welfare Programs