Glossary entry (derived from question below)
German term or phrase:
Leistungszusage
English translation:
defined benefit (as in a pension plan)
Added to glossary by
Kim Metzger
Mar 11, 2007 16:17
17 yrs ago
7 viewers *
German term
United Kingdom
Hands-on experience of commerce
Native in: English
Works in: German to English, French to English, English
Leistungszusage
German to English
Bus/Financial
Law: Contract(s)
Austrian document
In a termination agreement for a person who has resigned an appointment in a Vorstand (by mutual consent)
"Die Rechte aus der direkten Leistugsdzusage wurden mit Vorsorgevereinbarung vom (date) auf die XXX Pensionskassen Aktiengesellschaft" uebertragen.
I thought at first that this might be a typo for Leistungzulage but bonus entitlements are dealt with separately.
Many thanks for your help.
"Die Rechte aus der direkten Leistugsdzusage wurden mit Vorsorgevereinbarung vom (date) auf die XXX Pensionskassen Aktiengesellschaft" uebertragen.
I thought at first that this might be a typo for Leistungzulage but bonus entitlements are dealt with separately.
Many thanks for your help.
Proposed translations
(English)
| 3 +3 | defined benefit |
Kim Metzger
|
Change log
Mar 11, 2007 16:38: Steffen Walter changed "Term asked" from "Leistungszusage (Austrian document)" to "Leistungszusage" , "Field (write-in)" from "(none)" to "Austrian document"
Sep 2, 2015 13:45: Steffen Walter changed "Field" from "Law/Patents" to "Bus/Financial"
Proposed translations
+3
10 mins
Kim Metzger
Mexico
Mexico
Native in English
Specializes in field
Mexico
Committed to Quality and Service
Native in: English (Variant: US) 
Works in: German to English
Related KudoZ points
:
1256
German term (edited):
Leistungszusage (Austrian document)
Selected
defined benefit
Defined Benefit (Leistungszusage)
Defined Benefit und Defined Contribution sind international gebräuchliche Begriffe zur Unterscheidung von Versorgungszusagen. Echte Defined-Contribution-Zusagen (Beitragszusagen) sind in reiner Form in Deutschland nicht möglich.
http://www.heissmann.de/Glossar.14.0.html
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Note added at 13 mins (2007-03-11 16:30:58 GMT)
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Pension plans can be divided into two broad types: Defined Benefit and Defined Contribution plans. The defined benefit plan had been the most popular and common type of pension plan in the United States through the 1980s; since that time, defined contribution plans have become the more common type of retirement plan in the United States and many other western countries.
Defined benefit plans
Under 26 U.S.C. § 414(j), a defined benefit plan is any pension plan that is not a defined contribution plan (see below). A defined contribution plan is any plan with individual accounts. A traditional pension plan that defines a benefit for an employee upon that employee's retirement is a defined benefit plan.
http://en.wikipedia.org/wiki/Pension
Defined Benefit und Defined Contribution sind international gebräuchliche Begriffe zur Unterscheidung von Versorgungszusagen. Echte Defined-Contribution-Zusagen (Beitragszusagen) sind in reiner Form in Deutschland nicht möglich.
http://www.heissmann.de/Glossar.14.0.html
--------------------------------------------------
Note added at 13 mins (2007-03-11 16:30:58 GMT)
--------------------------------------------------
Pension plans can be divided into two broad types: Defined Benefit and Defined Contribution plans. The defined benefit plan had been the most popular and common type of pension plan in the United States through the 1980s; since that time, defined contribution plans have become the more common type of retirement plan in the United States and many other western countries.
Defined benefit plans
Under 26 U.S.C. § 414(j), a defined benefit plan is any pension plan that is not a defined contribution plan (see below). A defined contribution plan is any plan with individual accounts. A traditional pension plan that defines a benefit for an employee upon that employee's retirement is a defined benefit plan.
http://en.wikipedia.org/wiki/Pension
4 KudoZ points awarded for this answer.
Comment: "Thank you"
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