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fonds de service des rentes

English translation: pension payment funds

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13:30 Jun 29, 2007
French to English translations [PRO]
Bus/Financial - Insurance / Pensions document
French term or phrase: fonds de service des rentes
From a pensions document:

"A la liquidation de la retraite d'un bénéficiaire, la provision nécessaire aux versements de la rente est calculée selon l'Article 5.1 et est transférée sur le fonds de service des rentes de l'Assureur qui assume le risque viager et la gestion financière du fonds de service des rentes."

I have taken 'service des rentes' to mean 'the actual provision of pension payments', i.e. this is the fund from which pensions are actually paid (as opposed to a separate pension fund which is invested and grown on behalf of the employees, and from which money is transferred to this one when an employee retires). It could also mean 'pensions department', though. What do other people think?
Charlotte Allen
United Kingdom
Local time: 03:43
English translation:pension payment funds
Explanation:
It is referring to the funds administered by the insurance company's pensions department, so I think this term can be used in both cases, although my husband, who is a pensions expert, said that "pension payments" should suffice for the second occurrence of the term.
Selected response from:

Sarah Llewellyn
Local time: 19:43
Grading comment
Thanks, Sarah, and for all the extra research!
4 KudoZ points were awarded for this answer

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Summary of answers provided
3pension payment funds
Sarah Llewellyn


Discussion entries: 1





  

Answers


4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
pension payment funds


Explanation:
It is referring to the funds administered by the insurance company's pensions department, so I think this term can be used in both cases, although my husband, who is a pensions expert, said that "pension payments" should suffice for the second occurrence of the term.

Sarah Llewellyn
Local time: 19:43
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Thanks, Sarah, and for all the extra research!
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