fondsgebundene Direktzusage

English translation: funded defined benefit scheme

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase: fondsgebundene Direktzusage
English translation:funded defined benefit scheme
Entered by: Elizabeth Niklewska

16:19 Dec 1, 2002
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: fondsgebundene Direktzusage
Wir haben uns sehr über Ihren Zuschlag, die Pensionsgelder der Firma XXX im Rahmen einer fondsgebundenen Direktzusage zu managen, sehr gefreut.

description of pension / investment fund

I've found a translation: direct provision promise, but only on a few German sites, so I don't know if this is reliable
Elizabeth Niklewska
United Kingdom
Local time: 10:11
correction
Explanation:
that\'s a typo in my \'agree\' to Ralf - read \"funded defined benefit scheme\"
Selected response from:

Per Incuriam
Grading comment
Thank you all for you help with this thorny question - no literal translation works here!
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1defined benefit scheme backed by an investment fund
Ralf Lemster
5asset bound direct undertaking
Susanna & Christian Popescu
5correction
Per Incuriam
3guaranteed benefit backed by [tied to] investment funds / investment fund-related guaranteed benefit
Kaiya J. Diannen


  

Answers


7 mins   confidence: Answerer confidence 5/5
asset bound direct undertaking


Explanation:
~ commitment/assurance/promise

Susanna & Christian Popescu
Germany
Local time: 11:11
Native speaker of: Native in GermanGerman, Native in RomanianRomanian
PRO pts in category: 8
Grading comment
I also don't think a more literal translation fits here
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The asker has declined this answer
Comment: I also don't think a more literal translation fits here

1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +1
defined benefit scheme backed by an investment fund


Explanation:
"Direktzusage" refers to a pension scheme where a certain level of benefits is guaranteed at the outset (as opposed to "defined contribution" schemes).

I'm afraid literal translations won't work here...

Ralf Lemster
Germany
Local time: 11:11
Specializes in field
Native speaker of: German
PRO pts in category: 475

Peer comments on this answer (and responses from the answerer)
agree  Per Incuriam: or simply "funded direct benefit scheme" perhaps?
4 hrs
  -> "Funded defined benefit scheme" works fine - thanks!
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5 hrs   confidence: Answerer confidence 5/5
correction


Explanation:
that\'s a typo in my \'agree\' to Ralf - read \"funded defined benefit scheme\"

Per Incuriam
Native speaker of: Native in EnglishEnglish
PRO pts in category: 3
Grading comment
Thank you all for you help with this thorny question - no literal translation works here!
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8 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
guaranteed benefit backed by [tied to] investment funds / investment fund-related guaranteed benefit


Explanation:
just another option, I hauled a German explanation from:

http://www.sparkasse.de/artikel/0,4705,16845,00.html

Bei einer Direktzusage macht Ihr Betrieb dem Arbeitnehmer heute die feste Zusage, ihm bei Erreichen der festgelegten Altersgrenze, bei Tod oder bei Arbeitsunfähigkeit entweder einmalig einen feststehenden Betrag oder eine lebenslange Rente zu zahlen.





    Reference: http://www.sparkasse.de/artikel/0,4705,16845,00.html
Kaiya J. Diannen
Australia
Works in field
Native speaker of: English
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