English translation: deferred compensation based on net salary
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German to English translations [PRO] Bus/Financial / pension funds, Riester plan
German term or phrase:Nettoumwandlung
context: Riester-plan pension fund contributions; for more details please see my related previous question (Bruttoumwandlung).
The only difference here is that the contributions are made from the net income (after taxes and social welfare contributions) and are (thus) eligible for a government subsidy.