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vsm

English translation: times [x] the minimum wage

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	vsm
English translation:	times [x] the minimum wage
Entered by:	liz askew

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17:32 Apr 20, 2009

Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Payroll

Spanish term or phrase: vsm

Used by an employee in Mexico with regard to his Infonavit contribution: "...a statement that said 34 and a fraction vsm..."

Penny Godoy KudoZ activity Questions: 6 (none open) Answers: 0
Local time: 13:53

times [x] the minimum salary

Explanation:
..

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Note added at 7 mins (2009-04-20 17:40:09 GMT)
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or

minimum wage

probably the latter

Selected response from:

liz askew
United Kingdom
Local time: 19:53

Grading comment

Everyone agrees. Thank you!
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +1

times (the) minimal/minimum wages

Smartranslators

1 +2

times [x] the minimum salary

liz askew

Summary of reference entries provided
	liz askew

Answers

7 mins confidence:

peer agreement (net): +2

times [x] the minimum salary

liz askew
United Kingdom
Local time: 19:53
Native speaker of:

English
PRO pts in category: 171

Grading comment

Everyone agrees. Thank you!

19 mins confidence:

peer agreement (net): +1

times (the) minimal/minimum wages

Explanation:
The balance of the housing sub-account is made up of the compulsory payments to be made by the employer every two months at a 5% rate on the worker's full pay (i.e., nominal wage plus benefits) with an upper limit set currently at 17 "times the minimal wages" in Mexico City (times minimal wages" is abbreviated by its Spanish acronym vsm = veces salarios minimos)4, plus yield. The upper limit

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Note added at 20 minutos (2009-04-20 17:53:31 GMT)
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increases in 1 vsm yearly up to a ceiling of 25 vsm.5 Lastly, workers may choose to make deposits into their voluntary savings sub-account.

All balances in private sector worker's housing sub-accounts go to make up the National Housing Fund (Fondo Nacional de la Vivienda), which is managed by INFONAVIT

Aside from the main objective already mentioned of granting credits for housing, the National Housing Fund also has the mandate of reimbursing every worker for the amount saved in the housing sub-account, plus yield, upon retirement. This may be done through a single payment, for the deposits accrued to the second semester of 1997. Otherwise, deposits accrued starting on that date will be credited to the pension.

INFONAVIT MORTGAGE LOANS

The loans granted by INFONAVIT are denominated in terms of multiples of the minimum wages (vsm).The maximum amortization period is 30 years.7

http://www.allbusiness.com/human-resources/benefits-retireme...

Smartranslators
Local time: 20:53
Specializes in field
Native speaker of:

Spanish
PRO pts in category: 941

Reference comments

5 mins

Reference

Reference information:
[PDF]
Certificados Bursátiles para la Vivienda 2005 (CEDEVIS 05U)-INFONAVIT
- [ Translate this page ]
File Format: PDF/Adobe Acrobat - View as HTML
impuestos las contribuciones que hacen a INFONAVIT. ... Se denominaron en VSM (veces el salario mínimo) o en múltiplos del salario mínimo, según lo ...
www.infonavit.org.mx/trabajador/PDF/Programa2004_Emision05-... - Similar pages

Mind you, a full sentence or two in SPANISH (I am not shouting, just emphasising) is required.

liz askew
United Kingdom
Native speaker of:

English
PRO pts in category: 171

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Changes made by editors

Apr 20, 2009 - Changes made by liz askew:
Created KOG entry	KudoZ term => KOG term

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vsm

English translation: times [x] the minimum wage

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vsm

English translation: times [x] the minimum wage

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

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