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German to English translations [PRO]
Bus/Financial - Insurance / insurance | | German term or phrase: Abrufrente | | Der Versicherungsnehmer kann statt der versicherten Rente die Zahlung einer frueher beginnenden herabgesetzten Abrufrente verlangen. |
|  EMattKudoZ activityQuestions: 454 (none open) ( 18 without valid answers) ( 24 closed without grading) Answers: 325
| | Local time: 04:36
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| | pension drawdown | Explanation:
this is the UK phrase for early receipt of pension benefits. It is not an exact equivalent of 'Abrufrente', because it involves flexible withdrawals from the pension fund, not the contractually fixed early payment of a reduced pension from it.
(although the two can obviously be linked, I think we are talking pensions, not anuities, here, because the concept of 'Abruf' doesn't seem to make much sense for an annuity: the rate for an annuity is fixed when you buy it. A 'future annuity' with a fixed rate which you can therefore choose to have paid early is surely a pension?) |
| Selected response from:
Kieran McCann
Local time: 09:36
| Grading comment Thanks. As far as I know we don't have anything like this in the U.S.
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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1 hr confidence:   peer agreement (net): +1
12 hrs confidence: pension drawdown
Explanation:
this is the UK phrase for early receipt of pension benefits. It is not an exact equivalent of 'Abrufrente', because it involves flexible withdrawals from the pension fund, not the contractually fixed early payment of a reduced pension from it.
(although the two can obviously be linked, I think we are talking pensions, not anuities, here, because the concept of 'Abruf' doesn't seem to make much sense for an annuity: the rate for an annuity is fixed when you buy it. A 'future annuity' with a fixed rate which you can therefore choose to have paid early is surely a pension?)
Reference: http://www.parnellfisherchild.co.uk/retirement_drawdown.htm
Reference: http://workthing-d-aspen.workthing.com/advice/theme/dshift_r...
| Kieran McCann
Local time: 09:36
Native speaker of: English
PRO pts in category: 61
|
| | Grading comment | Thanks. As far as I know we don't have anything like this in the U.S. |
| | Login to enter a peer comment (or grade) |
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