Fritvalgskonto

English translation: flexible spending account

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Danish term or phrase:Fritvalgskonto
English translation:flexible spending account
Entered by: Charles Ek

01:18 Dec 22, 2011
Danish to English translations [PRO]
Bus/Financial - Human Resources / Lønspecifikation
Danish term or phrase: Fritvalgskonto
Igen en del af en lønspecifikation:

Ferie fratræk
Fritvalgskonto Månedsløn, eksl. pension
IP-pension
etc...
Pernille Kienle
Canada
Local time: 16:21
flexible spending account
Explanation:
As in so many things, there's no direct counterpart outside Denmark that I can find. But I think my suggestion could work. The first link is a description of the Danish arrangement. The second link describes the "flexible spending account" arrangement in the U.S.
Selected response from:

Charles Ek
United States
Local time: 18:21
Grading comment
Tak!
4 KudoZ points were awarded for this answer



Summary of answers provided
4Free choice account
Suzanne Blangsted (X)
3flexible spending account
Charles Ek
3personal choice account
564354352 (X)
1 -1free choice of wage account
andres-larsen


  

Answers


1 hr   confidence: Answerer confidence 1/5Answerer confidence 1/5 peer agreement (net): -1
free choice of wage account


Explanation:
free choice of wage account

source (explanation on page 5 of 66 pages)

Industriens Pensionsforsikring A/S
www.industrienspension.dk/industriens_pension_annual_report...
PDF/Adobe Acrobat - Quick View
They can do this through the new ***Fritvalgs Lønkonto (free choice of wage account)*** established in the collective agreement, or through individual payments. ...

full excerpt from above source:

Members will also be given the opportunity to pay in extra contributions to their pension scheme in 2008. They can do this through ***the new Fritvalgs Lønkonto (free choice of wage account) established in the collective agreement***, or through individual payments. As a new feature members can also transfer their SP savings with ATP to us.


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Note added at 1 hr (2011-12-22 02:22:26 GMT)
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the full above weblink:

Industriens Pensionsforsikring A/S
www.industrienspension.dk/***industriens_pension_annual_rep... 2007***...
PDF/Adobe Acrobat - Quick View
They can do this through the new ***Fritvalgs Lønkonto (free choice of wage account)*** established in the collective agreement, or through individual payments. ...


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Note added at 1 hr (2011-12-22 02:46:55 GMT)
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additional new explanatory source in Danish for Fritvalgs Lønkontoen (on page 110 of 115 pages):

Organisations-aftaler
www.tele12.dk/.../oganisationsaftaler_2007-2010... -
PDF/Adobe Acrobat - Quick View
ydes der et montagetillæg pr. 1.3.2007 på kr. 2,60. 1.3.2008 på kr. 2,65 ... og arbejdet ikke udføres i akkord, kan der optages forhandling om montagetillæg. ...

full excerpt from above source:

Protokollat - Fritvalgs Lønkonto
Parterne lægger til grund, at medarbejderens tilgodehavende
opsparing på ***Fritvalgs Lønkontoen*** er omfattet af garantien i lov om Lønmodtagernes Garantifond. Hvis dette ikke er tilfældet, forpligter Dansk Industri sig til at drage omsorg for, at
garantiforpligtelsen løses på anden måde.

andres-larsen
Venezuela
Local time: 19:21
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16

Peer comments on this answer (and responses from the answerer)
disagree  Charlesp: I think you disagree too. Right concept, inappropriate term to describe it (even it can be found in usage).
8 hrs
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
flexible spending account


Explanation:
As in so many things, there's no direct counterpart outside Denmark that I can find. But I think my suggestion could work. The first link is a description of the Danish arrangement. The second link describes the "flexible spending account" arrangement in the U.S.


    Reference: http://www.erhvervsbladet.dk/erhvervsklima/penge-paa-fritval...
    Reference: http://en.wikipedia.org/wiki/Flexible_spending_account
Charles Ek
United States
Local time: 18:21
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 23
Grading comment
Tak!

Peer comments on this answer (and responses from the answerer)
agree  Charlesp
8 hrs

disagree  Andrew Swearingen: Based on the Wikipedia link, an FSA seems to be associated with health care. The fritvalgs lønkonto is for determining whether contributions should be used for extra days off while still working or to add extra funds to a retirement pension.
2597 days
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6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
personal choice account


Explanation:
Kilde: Gyldendals Fagordbog online

Angiver også følgende: (DK) free choice account

564354352 (X)
Denmark
Local time: 01:21
Native speaker of: Danish
PRO pts in category: 20

Peer comments on this answer (and responses from the answerer)
neutral  Charlesp: huh? This may be a literal defination of the words, but does this have any meaning?
2 hrs
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4 days   confidence: Answerer confidence 4/5Answerer confidence 4/5
Free choice account


Explanation:
http://www.capecodfive.com/home/per/chk/bas


Suzanne Blangsted (X)
Local time: 16:21
Native speaker of: Native in DanishDanish, Native in EnglishEnglish
PRO pts in category: 26
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