net past service pension adjustment

Greek translation: καθαρή αναπροσαρμογή σύνταξης με βάση παρελθούσες υπηρεσίες

12:50 Jul 23, 2013
English to Greek translations [PRO]
Bus/Financial - Law: Taxation & Customs
English term or phrase: net past service pension adjustment
Σε "RRSP Deduction Limit Statement" (Canada), υπάρχει μία φράση που λέει: "Minus: 2013 net past service pension adjustment"
Viole T.
Greece
Local time: 05:17
Greek translation:καθαρή αναπροσαρμογή σύνταξης με βάση παρελθούσες υπηρεσίες
Explanation:
Check this out:

"In addition to the benefit earned by a member for the current year (reflected in the member's PA), pension benefits may improve as a result of events related to past service. These "past service events" occur when, for periods of past service after 1989:

benefits are increased retroactively;
an additional period of past service is credited to the member; or
there is a retroactive change to the way a member's benefits are determined.

When any of these events occur, the value of the pension accrued is increased and gives rise to a past service event and possibly a PSPA. A PSPA is basically the difference between the new DB pension credit(s) and the old DB pension credit(s) under the provision."

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Note added at 1 hr (2013-07-23 13:57:59 GMT)
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Το "past service" μπορεί να αποδωθεί και ως "προϋπηρεσία"
Selected response from:

George Christodoulatos
United Kingdom
Local time: 03:17
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2καθαρή αναπροσαρμογή σύνταξης με βάση παρελθούσες υπηρεσίες
George Christodoulatos


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
καθαρή αναπροσαρμογή σύνταξης με βάση παρελθούσες υπηρεσίες


Explanation:
Check this out:

"In addition to the benefit earned by a member for the current year (reflected in the member's PA), pension benefits may improve as a result of events related to past service. These "past service events" occur when, for periods of past service after 1989:

benefits are increased retroactively;
an additional period of past service is credited to the member; or
there is a retroactive change to the way a member's benefits are determined.

When any of these events occur, the value of the pension accrued is increased and gives rise to a past service event and possibly a PSPA. A PSPA is basically the difference between the new DB pension credit(s) and the old DB pension credit(s) under the provision."

--------------------------------------------------
Note added at 1 hr (2013-07-23 13:57:59 GMT)
--------------------------------------------------

Το "past service" μπορεί να αποδωθεί και ως "προϋπηρεσία"


    Reference: http://www.cra-arc.gc.ca/E/pub/tg/t4104/t4104-08-e.html#_Toc...
George Christodoulatos
United Kingdom
Local time: 03:17
Native speaker of: Native in GreekGreek, Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Nadia-Anastasia Fahmi
2 days 16 hrs

agree  Magda P.
8 days
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