Glossary entry (derived from question below)
German term or phrase:
fondsgebundene Direktzusage
English translation:
funded defined benefit scheme
Added to glossary by
Elizabeth Niklewska
Dec 1, 2002 16:19
21 yrs ago
7 viewers *
German term
fondsgebundene Direktzusage
German to English
Bus/Financial
Investment / Securities
Wir haben uns sehr über Ihren Zuschlag, die Pensionsgelder der Firma XXX im Rahmen einer fondsgebundenen Direktzusage zu managen, sehr gefreut.
description of pension / investment fund
I've found a translation: direct provision promise, but only on a few German sites, so I don't know if this is reliable
description of pension / investment fund
I've found a translation: direct provision promise, but only on a few German sites, so I don't know if this is reliable
Proposed translations
(English)
Change log
Sep 2, 2015 13:42: Steffen Walter changed "Field (specific)" from "(none)" to "Investment / Securities"
Proposed translations
5 hrs
Selected
correction
that\'s a typo in my \'agree\' to Ralf - read \"funded defined benefit scheme\"
4 KudoZ points awarded for this answer.
Comment: "Thank you all for you help with this thorny question - no literal translation works here!"
7 mins
asset bound direct undertaking
Declined
~ commitment/assurance/promise
Comment: "I also don't think a more literal translation fits here"
+1
1 hr
defined benefit scheme backed by an investment fund
"Direktzusage" refers to a pension scheme where a certain level of benefits is guaranteed at the outset (as opposed to "defined contribution" schemes).
I'm afraid literal translations won't work here...
I'm afraid literal translations won't work here...
Peer comment(s):
agree |
Per Incuriam
: or simply "funded direct benefit scheme" perhaps?
4 hrs
|
"Funded defined benefit scheme" works fine - thanks!
|
8 hrs
guaranteed benefit backed by [tied to] investment funds / investment fund-related guaranteed benefit
just another option, I hauled a German explanation from:
http://www.sparkasse.de/artikel/0,4705,16845,00.html
Bei einer Direktzusage macht Ihr Betrieb dem Arbeitnehmer heute die feste Zusage, ihm bei Erreichen der festgelegten Altersgrenze, bei Tod oder bei Arbeitsunfähigkeit entweder einmalig einen feststehenden Betrag oder eine lebenslange Rente zu zahlen.
http://www.sparkasse.de/artikel/0,4705,16845,00.html
Bei einer Direktzusage macht Ihr Betrieb dem Arbeitnehmer heute die feste Zusage, ihm bei Erreichen der festgelegten Altersgrenze, bei Tod oder bei Arbeitsunfähigkeit entweder einmalig einen feststehenden Betrag oder eine lebenslange Rente zu zahlen.
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