Bausteinbasis / Kapitalbaustein
English translation: basic component/building block / capital/savings component/building block
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| 00:49 Jun 20, 2005 |
| German to English translations [PRO] Bus/Financial - Human Resources | |||||||
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|  Selected response from: silfilla Local time: 05:45 | ||||||
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| Summary of answers provided | ||||
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| 4 | base component / capital [or: savings] component] |
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| 3 | capital basis |
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Answers
11 mins confidence: 
capital basis Explanation: x |
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20 mins confidence:
base component / capital [or: savings] component] Explanation: Bausteinbasis = base component Kapitalbaustein = capital [or: savings] component This means that to build the capital that will be eligible for conversion into retirement benefits, the base component is multiplied by the income ratio or capitalization factor (see below) to yield the capital component, which is provided by the employer. The sum of the capital component accumulated over the years of service is the Versorgungskapital (perhaps: retirement savings capital) that is converted into the retirement benefit. Your text: *... Examples: The capital component is the product of the base component and the personal income ratio in the relevant month. ...* Below some explanations in German: "Für leitende Angestellte und neue Vorstandsmitglieder wurde eine neue Regelung für die Altersversorgung beschlossen und zum Teil umgesetzt. Die neue Versorgung orientiert sich an der Leistung und nicht wie bisher ausschließlich am Versorgungsprinzip. An die Stelle eines ruhegeldfähigen Einkommens als Rentenbasis tritt ein Kapitalbausteinsystem. Dieses basiert auf dem jährlich zufließenden Einkommen aus Jahresfixgehalt und gezahlter variabler Vergütung, sodass sich der persönliche berufliche Erfolg auch in der späteren Rentenzahlung widerspiegelt. ****Das Unternehmen stellt jedes Jahr einen Beitrag in Höhe eines bestimmten Prozentsatzes dieses versorgungsfähigen Einkommens zur Verfügung. Der Beitrag wird mit einem vom Alter abhängigen Kapitalisierungsfaktor multipliziert und ergibt so den jährlichen Kapitalbaustein. Die Summe der in den einzelnen Kalenderjahren erworbenen Kapitalbausteine ergibt das Versorgungskapital, das bei Eintritt des Versorgungsfalls in eine lebenslange Rente umgerechnet wird.**** -------------------------------------------------- Note added at 21 mins (2005-06-20 01:11:03 GMT) -------------------------------------------------- the bracket after component was accidental; sorry ;-) URL for above German explanation: http://reports.westernreal.de/reports/dbag_ar_2004_de/pdf_ca... -------------------------------------------------- Note added at 29 mins (2005-06-20 01:19:27 GMT) -------------------------------------------------- zichtet. Die Vergütungsbestandteile, auf die verzichtet wird, rechnet der Arbeitgeber in einen wertgleichen „Kapitalbaustein“ um. ... www.wtsag.de/assets/TJ0403.pdf For some reason, I can\'t paste the full paragraph. Please read it; it provides a fairly clear explanation. -------------------------------------------------- Note added at 36 mins (2005-06-20 01:25:50 GMT) -------------------------------------------------- It seems that in some cases, the employer provides the Kapitalbaustein (see e.g. http://www.presseportal.de/story.htx?nr=530298&firmaid=13139... at least for a time, whereas in others, it consists of pay elements that are not paid out to employees at their request for the purpose of building up their retirement savings. -------------------------------------------------- Note added at 45 mins (2005-06-20 01:34:55 GMT) -------------------------------------------------- another, better option just occurred to me (duh ;-) ): base (or: basic) building block / capital (or: savings) building block |
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