Accumulating funds for retirement in a defined contribution pension scheme carries risk for a member of an unknown benefit amount. On the other hand, as a scheme sponsor, employer bears the risk of a variable contribution amount in a defined benefit pension scheme. In order to share the risk between member and employer hybrid pension schemes, which combine features of both DC and DB schemes, were introduced in many countries. According to a chosen model of risk sharing, variability of employer’s contributions or member’s benefit can be reduced. Aim of this paper is to investigate a conditional contribu-tion hybrid pension scheme and analyse how the member’s benefit and employer’s contri-bution will vary in the presence of financial and demographic risk. It is compared with a traditional DC scheme and some common types of hybrid schemes. ... Accumulating funds for retirement in a defined contribution pension scheme carries risk for a member of an unknown benefit amount. On the other hand, as a scheme sponsor, employer bears the risk of a variable contribution amount in a defined benefit pension scheme. In order to share the risk between member and employer hybrid pension schemes, which combine features of both DC and DB schemes, were introduced in many countries