ProZ.com global directory of translation services
 The translation workplace
Ideas
KudoZ home » Norwegian to English » Insurance

Ytelsesbasert pensjonsforsikring

English translation: performance-based pension insurance


Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.
09:54 Nov 19, 2009
Norwegian to English translations [PRO]
Bus/Financial - Insurance
Norwegian term or phrase: Ytelsesbasert pensjonsforsikring
Xs Bedriftspensjon inneholder Innskuddspensjon etter Lov om innskuddspensjon i arbeidsforhold, Ytelsesbasert pensjonsforsikring etter Lov om foretakspensjon og Gruppelivsforsikring. I tillegg gjelder Lov om obligatorisk tjenestepensjon, Forsikringsvirksomhetslovenloven, Forsikringsavtaleloven samt norsk lov og rett for øvrig.

A quick answer is appreciated and will be rewarded
PMPtranslations
Local time: 12:24
English translation:performance-based pension insurance
Explanation:
pension insurance, retirement insurance, retirement income insurance..

--------------------------------------------------
Note added at 3 hrs (2009-11-19 13:14:44 GMT)
--------------------------------------------------

I never liked the term "insurance" either, as these are retirement funds - not to confuse with insurance.
But the correct term for Folketryd... is national insurance, so we stick with this.
I also agree somewhat with the contributions-based term, (versus earnings-based)
Selected response from:

jeffrey engberg
Norway
Local time: 12:24
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1performance-based pension insurance
jeffrey engberg
4defined-benefit pension insurance (scheme)
Tom Thumb
3Contribution-based pension insurance
Christine Andersen


  

Answers


28 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Contribution-based pension insurance


Explanation:
I would call it contribution-based pension insurance.

It sounds to me like an insurance scheme with an annual premium etc.

http://www.eurofound.europa.eu/eiro/2004/04/feature/sk040410...

In 1996 the 'Social Security Transformation Programme of the Slovak Republic' was adopted. This highlighted the need for ***contribution-based*** social insurance benefits. The programme also stressed the principle of 'pay-as-you-go' financing, autonomy and unification of the compulsory social insurance system (including old-age insurance, invalidity insurance and survivor insurance).

Christine Andersen
Denmark
Local time: 12:24
Works in field
Native speaker of: English
Notes to answerer
Asker: See this earlier question... http://www.proz.com/kudoz/norwegian_to_english/finance_general/1732356-innskuddspensjon.html

Login to enter a peer comment (or grade)

10 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
performance-based pension insurance


Explanation:
pension insurance, retirement insurance, retirement income insurance..

--------------------------------------------------
Note added at 3 hrs (2009-11-19 13:14:44 GMT)
--------------------------------------------------

I never liked the term "insurance" either, as these are retirement funds - not to confuse with insurance.
But the correct term for Folketryd... is national insurance, so we stick with this.
I also agree somewhat with the contributions-based term, (versus earnings-based)

jeffrey engberg
Norway
Local time: 12:24
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
agree  Charlesp
2 hrs
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
defined-benefit pension insurance (scheme)


Explanation:
As in the German word Leistung, ytelse is a joker-word par excellence, whilst surely means the specific amount payable out as benefit by the employer and not the contributions payable in, either by the employer or employee.

If it is performance- or bonus-based, it will be an extraordinary pension scheme by international standards.



Example sentence(s):
  • Retirement plans may be set up by employers, insurance companies, ... The benefit in a defined benefit pension plan is determined by a formula

    Reference: http://www.google.at/search?hl=de&source=hp&q=Ytelsesbasert+...
Tom Thumb
Local time: 12:24
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12
Login to enter a peer comment (or grade)




Return to KudoZ list


KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.



See also: