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exedent

English translation: Supplementary pension (sometimes 'Top Hat Scheme')


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:exedent
English translation:Supplementary pension (sometimes 'Top Hat Scheme')
Entered by: xxxjarry
Options:
- Contribute to this entry
- Include in personal glossary

23:01 Apr 9, 2004
Dutch to English translations [PRO]
Bus/Financial - Business/Commerce (general) / Employment contract
Dutch term or phrase: exedent
Uit een arbeidsovereenkomst:
Er bestaat een exedent pensioenregeling voor salarissen boven ....
Tina Vonhof
Local time: 04:25
Supplementary pension
Explanation:
for salaries exceeding ...

--------------------------------------------------
Note added at 2004-04-10 09:26:57 (GMT)
--------------------------------------------------

http://content.calgary.ca/CCA/City Hall/Employment/Pension/S...
Supplementary Pension Plan (SPP)
LOOKING AHEAD
Looking ahead. Simply speaking, this is what pension plans are all about. When you look forward to retirement, financial security will be one consideration. Decisions you make today will affect your future financial goals.

Your employer-sponsored pension is an important component of your retirement income. As part of your total compensation at The City of Calgary, the Supplementary Pension Plan will provide eligible employees with more competitive pension benefits.

You are important to us - as an employee and as a person. We encourage you to take time now to consider your future and how this plan can help you reach your financial goals.




--------------------------------------------------
Note added at 2004-04-10 09:28:57 (GMT)
--------------------------------------------------

http://www.hr.wlu.ca/working-at-laurier/Benefits and Pension...

(b) Supplementary Pension
In addition, the Member shall be entitled to receive a supplementary pension from the Minimum Guarantee Fund as may be required to provide a total pension during each Pension Year equal to the Member’s minimum guaranteed benefit for that year.

The amount of the minimum guaranteed benefit, payable at the Member’s Normal Retirement Date, will be equal to the sum of:

(a) 1.37% of Best Years\' Earnings up to the Year\'s Maximum Earnings, and
(b) 2.0% of Best Years\' Earnings in excess of the Year\'s Maximum Earnings,
multiplied by the Member’s years of Pensionable Service.

The above amount will be adjusted annually to compensate for changes in the cost of living as measured by the Consumer Price Index for all Canada, or any similar index issued by Statistics Canada in place thereof, to a maximum of 4% per year, cumulative from retirement.

The supplementary pension shall be equal to the minimum guaranteed benefit less the amount of the variable pension.

Selected response from:

xxxjarry
South Africa
Local time: 12:25
Grading comment
Thanks Jarry, that's the term I was looking for.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1Supplementary pensionxxxjarry
3 +2surplus
writeaway


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
surplus


Explanation:
As Ariser points out surplus is the usual translation (it is excedent, not exedent). Jurlex, Eurodicatom and all the way to the French original it's surplus. I Googled a bit and Surplus Pension Scheme/Plan does exist. My take is to stick with surplus.

[PDF] Pension Forums University of Toronto
File Format: PDF/Adobe Acrobat - View as HTML
... April2002.PPT/AHS/sk/20 04/2002 Hewitt Associates July 1, 2002 Market Value of Assets $2.05 Billion Liabilities Surplus Pension Plan Funded Status July 1, 2001 ...
www.utoronto.ca/hrhome/penforum.pdf -

News Updater November 18, 2002
... worker. Dozens of surplus pension plan cases now before the courts may go by the wayside if the Ontario government enacts Bill 198. ...
www.local-204-seiu.org/news/ updater/updanov18_2002.html - 9k

European Pharmaceuticals' pensions deficits manageable ...
... cash contributions. The analysts are impressed by Novartis’ surplus pension plan, the only one in their coverage. The analysts ...
www.newratings.com/analyst_news/article_290020.html - 16k -

writeaway
Local time: 12:25
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 56

Peer comments on this answer (and responses from the answerer)
agree  Allison Klein
6 hrs

agree  Mirjam Bonne-Nollen
9 hrs
Login to enter a peer comment (or grade)

10 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Supplementary pension


Explanation:
for salaries exceeding ...

--------------------------------------------------
Note added at 2004-04-10 09:26:57 (GMT)
--------------------------------------------------

http://content.calgary.ca/CCA/City Hall/Employment/Pension/S...
Supplementary Pension Plan (SPP)
LOOKING AHEAD
Looking ahead. Simply speaking, this is what pension plans are all about. When you look forward to retirement, financial security will be one consideration. Decisions you make today will affect your future financial goals.

Your employer-sponsored pension is an important component of your retirement income. As part of your total compensation at The City of Calgary, the Supplementary Pension Plan will provide eligible employees with more competitive pension benefits.

You are important to us - as an employee and as a person. We encourage you to take time now to consider your future and how this plan can help you reach your financial goals.




--------------------------------------------------
Note added at 2004-04-10 09:28:57 (GMT)
--------------------------------------------------

http://www.hr.wlu.ca/working-at-laurier/Benefits and Pension...

(b) Supplementary Pension
In addition, the Member shall be entitled to receive a supplementary pension from the Minimum Guarantee Fund as may be required to provide a total pension during each Pension Year equal to the Member’s minimum guaranteed benefit for that year.

The amount of the minimum guaranteed benefit, payable at the Member’s Normal Retirement Date, will be equal to the sum of:

(a) 1.37% of Best Years\' Earnings up to the Year\'s Maximum Earnings, and
(b) 2.0% of Best Years\' Earnings in excess of the Year\'s Maximum Earnings,
multiplied by the Member’s years of Pensionable Service.

The above amount will be adjusted annually to compensate for changes in the cost of living as measured by the Consumer Price Index for all Canada, or any similar index issued by Statistics Canada in place thereof, to a maximum of 4% per year, cumulative from retirement.

The supplementary pension shall be equal to the minimum guaranteed benefit less the amount of the variable pension.



xxxjarry
South Africa
Local time: 12:25
Specializes in field
Native speaker of: English
PRO pts in category: 237
Grading comment
Thanks Jarry, that's the term I was looking for.

Peer comments on this answer (and responses from the answerer)
agree  writeaway: so it's the same as an 'aanvullende'?
6 hrs
  -> Based on the position I held and the salary package I had, I qualified for the (now defunct) "excedentenregeling" at E&Y. It was designed to supplement the company's pension plan, which was subject to a ceiling as far as pensionable salary was concerned.
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