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franchise

English translation: deductible (in connection with the state pension portion of pensionable income)


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:franchise (in context)
English translation:deductible (in connection with the state pension portion of pensionable income)
Entered by: xxxjarry
Options:
- Contribute to this entry
- Include in personal glossary

11:06 Aug 5, 2006
Dutch to English translations [PRO]
Bus/Financial - Business/Commerce (general) / pensions
Dutch term or phrase: franchise
FRANCHISE
Pensioen wordt niet opgebouwd over het gehele pensioen gevende salaris. Op 65 jaar bestaat immers recht op een AOW-uitkering, hiermee wordt rekening gehouden door middel van een franchise. Pensioenregelingen kennen veelal een 70% resultaat inclusief deze AOW. Om dit pensioenresultaat te bereiken wordt in de opbouwperiode van het pensioen, de AOW ingebouwd. In de praktijk worden verschillende keuzes gemaakt, welk AOW-bedrag als uitgangspunt wordt genomen.

this has been discussed maybe under pensioengrondslag - but I don't suppose that "policy excess" would be correct.
Andre de Vries
Local time: 07:48
deductible
Explanation:
is the term I use (and I have translated pension plan rules for big banks, insurance companies and large listed companies).
Selected response from:

xxxjarry
South Africa
Local time: 08:48
Grading comment
thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4deductiblexxxjarry
4No - state pension threshold
Dave Calderhead


  

Answers


8 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
No - state pension threshold


Explanation:
is one way to express this, or use franchise and explain it

Dave Calderhead
Netherlands
Local time: 08:48
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 126
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47 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
deductible


Explanation:
is the term I use (and I have translated pension plan rules for big banks, insurance companies and large listed companies).

xxxjarry
South Africa
Local time: 08:48
Specializes in field
Native speaker of: English
PRO pts in category: 237
Grading comment
thanks
Login to enter a peer comment (or grade)




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