Glossary entry

German term or phrase:

Abrufrente

English translation:

pension drawdown

Added to glossary by EMatt
Dec 13, 2004 21:55
19 yrs ago
2 viewers *
German term

Abrufrente

German to English Bus/Financial Insurance insurance
Der Versicherungsnehmer kann statt der versicherten Rente die Zahlung einer frueher beginnenden herabgesetzten Abrufrente verlangen.

Proposed translations

12 hrs
Selected

pension drawdown

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?)
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4 KudoZ points awarded for this answer. Comment: "Thanks. As far as I know we don't have anything like this in the U.S."
+1
1 hr

premature distribution

This is about as close as I can get to this in the USA.

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Note added at 1 hr 10 mins (2004-12-13 23:05:59 GMT)
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of an annuity
Peer comment(s):

agree Kim Metzger : Bingo, I'd say. Premature annuity distribution?
9 mins
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1 hr

Background info - not for points

Abrufrente
Bei einer privaten Rentenversicherung kann in der Regel jederzeit vor dem ursprünglich vertraglich vereinbarten Rentenbeginn die Zahlung einer früher einsetzenden lebenslangen Rente verlangt werden.
Diese vorzeitige in Anspruch genommene Rente heißt im Fachjargon: "Abrufrente"
Da insgesamt weniger Beiträge als ursprünglich geplant gezahlt wurden und die Rente auch länger gezahlt wird, fällt sie etwas niedriger aus.

https://www.victoria.de/home/frameset.asp?url=/suchen/lexiko...
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