Sep 1, 2006 13:09
18 yrs ago
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German term

umlagefinanziert

German to English Bus/Financial Business/Commerce (general)
Powerpoint presentation (eSourcing)

Funding in 2007/2008 ist als umlagefinanzierte SGF-Flatfee durch bestehende IPF-Planung abgesichert.

TIA
Proposed translations (English)
3 +1 assessment-financed
3 financed by (current) contributions

Proposed translations

+1
1 hr
Selected

assessment-financed

Funding in 2007/2008 is secured by virtue of existing IPF plans [provisions?] in the form of an assessment-financed [levied?] SGF flat fee
Peer comment(s):

agree Frosty : Levied is spot-on - there ain`t no wriggling out of it!
1 hr
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4 KudoZ points awarded for this answer. Comment: "Thank you!"
1 hr

financed by (current) contributions

'umlagefinanziert' means that something is financed out of current contributions eg as opposed to long-term capital investment of some kind (state pensions are 'umlagefinanziert' in Germany, unlike the UK, hence the worry about declining numbers of current contributors)

I assume it implies here that some kind of subscriptions (for the IPF bit) are already being paid and the SGF fee is taken out of that?

'Umlage' can sometimes imply '(costs) recharge(d)' eg landlord's maintenance costs passed on to tenants. I can't say whether that might apply here, unless one parety is paying the fee upfront and then passing the cost on to someone else?

'Die gesetzliche Rentenversicherung ist umlagefinanziert, das heißt die Erwerbstätigen von heute finanzieren die Renten der heutigen Rentenbezieher'
http://www.al-h.de/f_index/f_vers_betr_altersversorgung/f_ve...

http://www.ihr-rentenplan.de/html/sind_die_renten_sicher.htm...

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