Nov 19, 2009 09:54
14 yrs ago
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Norwegian term

Ytelsesbasert pensjonsforsikring

Norwegian to English Bus/Financial Insurance
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

Proposed translations

+1
10 mins
Selected

performance-based pension insurance

pension insurance, retirement insurance, retirement income insurance..

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

agree Charlesp
2 hrs
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4 KudoZ points awarded for this answer.
28 mins

Contribution-based pension insurance

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).
Note from asker:
See this earlier question... http://www.proz.com/kudoz/norwegian_to_english/finance_general/1732356-innskuddspensjon.html
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6 hrs

defined-benefit pension insurance (scheme)

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:

Retirement plans may be set up by employers, insurance companies, ... The benefit in a defined benefit pension plan is determined by a formula

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