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German to English translations [PRO]
Bus/Financial - Insurance | | German term or phrase: Anwartschaftsdynamik, Rentendynamik | | in the notes to an annual report regarding provisions for pensions and similar obligations: "Der Berechnung liegen folgende Trendannahmen zugrunde: ein Zinsatz von xx%, eine Anwartschaftsdynamik von xx% und eine Rentendynamik von xx%." Any ideas? |
| Gregory MehrtenKudoZ activityQuestions: 173 (none open) ( 1 without valid answers) ( 2 closed without grading) Answers: 0
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| | "rate of benefit increase during the qualifying period & during the benefit period" | Explanation:
It appears that "Anwartschaftsdynamik" here means "rate of pension increase during the qualifying period/waiting time/expectancy" and "Rentendynamik" means "rate of pension increase during the pension period/benefit period/retirement period". This is backed up by this explanation in German:
http://members.aol.com/RoseKoedel/Altersvorsorge/GGF-Versorg...
Anwartschaftsdynamik (Steigerung der Rentenansprüche vor Beginn des Rentenbezugs) - In der Rechtsprechung wird insbesondere im letztgenannten Urteil zum Ausdruck gebracht, daß die prozentualen Erhöhungen von Rentenanwartschaften (im Urteil 1%) keine ungewissen Erhöhungen i.S. des § 6a EStG sind.
Rentendynamik (Steigerung ab Rentenbeginn) - Nach BFH-Urteil sind fest zugesagte prozentuale Rentenerhöhungen (im Urteil 2%) keine ungewissen Erhöhungen i. S. des § 6a EStG und damit steuerlich anzuerkennen.
K.-H. Stocks – Wörterbuch fur alle Sparten der Versicherung, Reinhart von Eichborn – Der kleine Eichborn and Hamblock/Wessels – Großwörterbuch Wirtschaftsenglisch all show "expectancy" or "qualifying period" as a translation for "Anwartschaft" in an pension insurance context.
The above dictionaries plus Dietl/Lorenz – Wörterbuch für Recht, Wirtschaft und Politik indicate that "dynamisch" means "index linked" in an insurance sense.
The term means that the pension moves up (or possibly also down) in relation to some index, e.g. consumer prices (CPI), net wage index (often used in Germany), inflation rate, or a percent of the present salary of a person holding the same job. This movement takes place both before the worker is eligible for her/his pension and during the pension period
BUUUUUUUUUT, there are almost zero or zero pertinent Google or AltaVista hits for "expectancy index", "pension index", "qualifying period index", "waiting-time index", "candidacy index" or "claim index". If any of these terms were correct for your context, one would think there would be many insurance and government site hits for them. Adding the term "linked" only made the search results even more disappointing.
Changing the order of words leads to some pertinent sites, such as:
"indexed pension" (often used in Canada, Australia and Ireland)
http://www.superannuation.asn.au/dictionary/p/pension.htm
http://www.austlii.edu.au/au/other/ato/itr/it2620.html
http://www.ireland.com/newspaper/ireland/2000/0415/hom20.htm
http://www.ccsd.ca/finbrief.html
"indexed retirement (plan)" (often used in the US)
http://www.bcs-group.com/programs/4.shtml
Harvey W. Rubin - Barron's Dictionary of Insurance writes about "indexed life insurance" with which the monthly payments after maturity are adjusted for changes in the CPI.
As I have not been able to find short English terms for this context, I might be forced to write:
"The calculation(s)/figure(s)/estimate(s) is(are) based on the following trend assumptions: an interest rate of xx%, a rate of benefit increase during the qualifying period of xx% and a rate of benefit increase during the benefit period of xx%."
HTH
Dan
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| Selected response from:
Dan McCrosky
Local time: 10:34
| Grading comment Thank you so much. Your research and explanations are truly impressive.
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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2 hrs earnings-linked right to future pension payments; earnings-linked pension
Explanation:
earnings-linked right to future pension payments; earnings-linked pension
Anwartschaft [auch:] legal right to future pension payments; -expectancy of future benefits; - beneficial estate
Anwartschaft auf Pension: vested right to future pension payments; -potential pension (e.g. a person accures his maximum potential pension)
Anwartschaftsrecht auf Altersversorgung: right to an old-age pension
Rentendynamik: cf dynamische Rente:
Wage-related pension, earnings-linked pension
(Schaefer: Wirtschaftswörterbuch, ISBN 3 8006 15532)
HTH :-) Tom
see above
|  Tom Funke
Local time: 04:34
Native speaker of:  English
PRO pts in category: 4
|
| | | Login to enter a peer comment (or grade) |
7 hrs waiting-time index, pension index
Explanation:
The Anwartsschaftszeit is the time period between registering for a pension and starting to receive it.
I would say the Anwartsschaftdynamik is the index related to this.
| | | | Login to enter a peer comment (or grade) |
17 hrs "rate of benefit increase during the qualifying period & during the benefit period"
Explanation:
It appears that "Anwartschaftsdynamik" here means "rate of pension increase during the qualifying period/waiting time/expectancy" and "Rentendynamik" means "rate of pension increase during the pension period/benefit period/retirement period". This is backed up by this explanation in German:
http://members.aol.com/RoseKoedel/Altersvorsorge/GGF-Versorg...
Anwartschaftsdynamik (Steigerung der Rentenansprüche vor Beginn des Rentenbezugs) - In der Rechtsprechung wird insbesondere im letztgenannten Urteil zum Ausdruck gebracht, daß die prozentualen Erhöhungen von Rentenanwartschaften (im Urteil 1%) keine ungewissen Erhöhungen i.S. des § 6a EStG sind.
Rentendynamik (Steigerung ab Rentenbeginn) - Nach BFH-Urteil sind fest zugesagte prozentuale Rentenerhöhungen (im Urteil 2%) keine ungewissen Erhöhungen i. S. des § 6a EStG und damit steuerlich anzuerkennen.
K.-H. Stocks – Wörterbuch fur alle Sparten der Versicherung, Reinhart von Eichborn – Der kleine Eichborn and Hamblock/Wessels – Großwörterbuch Wirtschaftsenglisch all show "expectancy" or "qualifying period" as a translation for "Anwartschaft" in an pension insurance context.
The above dictionaries plus Dietl/Lorenz – Wörterbuch für Recht, Wirtschaft und Politik indicate that "dynamisch" means "index linked" in an insurance sense.
The term means that the pension moves up (or possibly also down) in relation to some index, e.g. consumer prices (CPI), net wage index (often used in Germany), inflation rate, or a percent of the present salary of a person holding the same job. This movement takes place both before the worker is eligible for her/his pension and during the pension period
BUUUUUUUUUT, there are almost zero or zero pertinent Google or AltaVista hits for "expectancy index", "pension index", "qualifying period index", "waiting-time index", "candidacy index" or "claim index". If any of these terms were correct for your context, one would think there would be many insurance and government site hits for them. Adding the term "linked" only made the search results even more disappointing.
Changing the order of words leads to some pertinent sites, such as:
"indexed pension" (often used in Canada, Australia and Ireland)
http://www.superannuation.asn.au/dictionary/p/pension.htm
http://www.austlii.edu.au/au/other/ato/itr/it2620.html
http://www.ireland.com/newspaper/ireland/2000/0415/hom20.htm
http://www.ccsd.ca/finbrief.html
"indexed retirement (plan)" (often used in the US)
http://www.bcs-group.com/programs/4.shtml
Harvey W. Rubin - Barron's Dictionary of Insurance writes about "indexed life insurance" with which the monthly payments after maturity are adjusted for changes in the CPI.
As I have not been able to find short English terms for this context, I might be forced to write:
"The calculation(s)/figure(s)/estimate(s) is(are) based on the following trend assumptions: an interest rate of xx%, a rate of benefit increase during the qualifying period of xx% and a rate of benefit increase during the benefit period of xx%."
HTH
Dan
| Dan McCrosky
Local time: 10:34
Native speaker of:  English
PRO pts in category: 8
|
| | Grading comment | Thank you so much. Your research and explanations are truly impressive. |
| | Login to enter a peer comment (or grade) |
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| Changes made by editors |
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| Mar 28, 2007 - Changes made by Steffen Walter: | | Term asked | Anwartschaftsdynamic, Rentendynamik => Anwartschaftsdynamik, Rentendynamik | | Field (specific) | (none) => Insurance |
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