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|German to English translations [PRO]|
Bus/Financial - Insurance
|German term or phrase: Entgeltpunkte|
|This term crops up in a document about a pension scheme. Sentence: Der Monatsbetrag der Rente ergibt sich, wenn die persönlichen Entgeltpunkte, der Rentenartfaktor und der aktuelle Rentenwert mit ihrem Wert bei Rentenbeginn miteinander vervielfältigt werden. I need help with the whole sentence really!|
EuroDicAutom / Entgeltpunkte
Pension formula: The monthly pension payment you can calculate with the following formula: The personal earnings points PEP (persönliche Entgeltpunkte) must be computed by consideration of the age factor ZF (Zugansfaktor). Then this is to multiply with the pension type factor RAF (Rentenartfaktor) and with the current pension value AR (aktueller Rentenwert).
Accordingly, this is the formula: PEP x RAF x AR = monthly pension.
Selected response from:
Local time: 21:24
|4 KudoZ points were awarded for this answer |
I'll give it a shot: it sounds like the monthly amount of the pension is calculated by multiplying the "individual compensation points", the "pension type factor", and the actual value of the pension at the point in time when pension payments begin. At least that's what it sounds like to me; hopefully someone out there has more experience with pension calculation/accounting, and knows the exact terms. HTH :)
Local time: 15:24
Native speaker of: English
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|Changes made by editors|
|Jul 22, 2015 - Changes made by Steffen Walter:|
|Field (specific)||(none) » Insurance|| |
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