Glossary entry

Spanish term or phrase:

bolsa

English translation:

fund/pot

Added to glossary by philgoddard
Apr 30, 2015 12:41
9 yrs ago
4 viewers *
Spanish term

se convierten en una bolsa

Spanish to English Bus/Financial Business/Commerce (general) Company benefits guide
I'm stuck with the correct definition of bolsa in this case, is it package? (Mexican Spanish)

1. Plan de Puntos (plan fijo)

Por cada año de servicio, acumulas 8 puntos (hay un máximo de 250 puntos). Al momento de tu retiro, estos puntos ***se convierten en una bolsa*** definida así:

(número de puntos)/10 × salario pensionable

1. Points Plan (fixed plan)

For every year of service, you accrue 8 points (up to a maximum of 250 points). Upon your retirement, these points are ***converted into a package***, which is defined as follows:

(number of points)/10 × pensionable salary
Change log

May 6, 2015 18:06: philgoddard Created KOG entry

Discussion

Sarah Webb (asker) Apr 30, 2015:
Hi Phil, yes it's a fixed contribution pension plan - sorry I should have made that clear. Could you post your answer? Thanks for your input Ana.
philgoddard Apr 30, 2015:
Is this a pension? If so, it's called a fund or pot.
Ana Vozone Apr 30, 2015:

Proposed translations

4 hrs
Selected

are converted into a fund/pot

Sarah has clarified that this is a retirement pension. The accumulated money that funds the pension is called the fund or pot.
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4 KudoZ points awarded for this answer. Comment: "Thanks Phil"
1 hr

is converted into a package [of benefits].

Alternative: is converted into various benefits.
Alternative: is converted into a plan of benefits.
(I like Ms. Webb's suggestion of "package" very much -- best of all.)
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6 hrs

translate into a chunk of money

my take
Peer comment(s):

neutral philgoddard : This is inappropriately colloquial.
3 days 10 hrs
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