GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
10:08 Nov 8, 2003 |
Italian to English translations [PRO] Bus/Financial / pensions | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Silvestro De Falco Local time: 01:51 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
5 +4 | pay-as-you-go or PAYGO |
| ||
4 | distribution (among members) |
|
distribution (among members) Explanation: ripartizione [ripartittsjone] (n) (f) division, sharing out, distribution; (dipartimento: Amm) department |
| |
Login to enter a peer comment (or grade) |
pay-as-you-go or PAYGO Explanation: pension systems are either funded (capitalizzazione) or paygo (ripartizione). In funded systems you get exactly what you pay, plus interest accrued. In a PAYGO system pensions are calculated in a different manner, as in this case. Hope this helps. |
| |
Grading comment
| ||