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Entgeltpunkte

English translation: personal earnings points, PEP

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:persönliche Entgeltpunkte
English translation:personal earnings points, PEP
Entered by: Brigitte Gendebien
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14:15 Jun 21, 2000
German to English translations [PRO]
Bus/Financial - Insurance
German term or phrase: Entgeltpunkte
This term crops up in a document about a pension scheme. Sentence: Der Monatsbetrag der Rente ergibt sich, wenn die persönlichen Entgeltpunkte, der Rentenartfaktor und der aktuelle Rentenwert mit ihrem Wert bei Rentenbeginn miteinander vervielfältigt werden. I need help with the whole sentence really!
Julie
earning points
Explanation:
EuroDicAutom / Entgeltpunkte

Pension formula: The monthly pension payment you can calculate with the following formula: The personal earnings points PEP (persönliche Entgeltpunkte) must be computed by consideration of the age factor ZF (Zugansfaktor). Then this is to multiply with the pension type factor RAF (Rentenartfaktor) and with the current pension value AR (aktueller Rentenwert).

Accordingly, this is the formula: PEP x RAF x AR = monthly pension.


(http://www.erziehung.uni-giessen.de/studis/Robert/formula.ht...
Selected response from:

Brigitte Gendebien
Belgium
Local time: 10:04
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
naearning points
Brigitte Gendebien
nasee belowBeth Kantus


  

Answers


14 mins
see below


Explanation:
I'll give it a shot: it sounds like the monthly amount of the pension is calculated by multiplying the "individual compensation points", the "pension type factor", and the actual value of the pension at the point in time when pension payments begin. At least that's what it sounds like to me; hopefully someone out there has more experience with pension calculation/accounting, and knows the exact terms. HTH :)

Beth Kantus
United States
Local time: 04:04
Native speaker of: English
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34 mins
earning points


Explanation:
EuroDicAutom / Entgeltpunkte

Pension formula: The monthly pension payment you can calculate with the following formula: The personal earnings points PEP (persönliche Entgeltpunkte) must be computed by consideration of the age factor ZF (Zugansfaktor). Then this is to multiply with the pension type factor RAF (Rentenartfaktor) and with the current pension value AR (aktueller Rentenwert).

Accordingly, this is the formula: PEP x RAF x AR = monthly pension.


(http://www.erziehung.uni-giessen.de/studis/Robert/formula.ht...



    Reference: http://www.fdp-bayern.de/temp/rente2100.htm
    Reference: http://www.gabler-online.de/wilex/daten/117.htm
Brigitte Gendebien
Belgium
Local time: 10:04
Native speaker of: Native in FrenchFrench
PRO pts in category: 4
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Changes made by editors
Jul 22, 2015 - Changes made by Steffen Walter:
Field (specific)(none) » Insurance


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