Arbeitgeberbeitragsreserven mit Verwendungsverzicht

English translation: employer contribution reserve with stipulated waiver of usage

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Arbeitgeberbeitragsreserven mit Verwendungsverzicht
English translation: employer contribution reserve with stipulated waiver of usage
Entered by: John Speese

14:09 May 28, 2009
German to English translations [PRO]
Law/Patents - Law (general) / Swiss pension law
German term or phrase: Arbeitgeberbeitragsreserven mit Verwendungsverzicht
This seems to be a Swiss term:
Employer contribution reserve (funds) with use waivers?
John Speese
United States
Local time: 12:49
employer contribution reserve with stipulated waiver of usage
Explanation:
Die Arbeitgeberbeitragsreserve mit Verwendungsverzicht bei Unterdeckung wurde in den Jahren 2002 und 2003 gebildet. Aufgrund der
positiven Performance der letzten Geschäftsjahre verfügt die
Pensionskasse per 31.12.2007 wieder über einen Deckungsgrad von
über 100%. Die Arbeitgeberbeitragsreserve steht somit wieder zur
Verfügung des Arbeitgebers. Ein Teil davon wurde im Geschäftsjahr
2007 via Prämienverrechnung zurückgeführt sowie auf freie Mittel
übertragen

The employer contribution reserve with stipulated waiver of usage
in the event of a shortfall in coverage was formed in 2002 and 2003.
Thanks to the positive performance achieved over recent financial
years, the pension fund was again able to report a coverage ratio
of over 100% as at 31 December 2007. The employer contribution
reserve is thus again at the employer’s disposal. In 2007, part of the
employer contribution reserve was used for premium closing.
A further part was assigned to free resources.

http://www.jyskebank.ch/files/Jahresbericht/Jahresbericht200...
Selected response from:

Kim Metzger
Mexico
Local time: 10:49
Grading comment
Thanks Kim! As always, a very helpful, insightful response.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3employer contribution reserve with stipulated waiver of usage
Kim Metzger


  

Answers


17 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
employer contribution reserve with stipulated waiver of usage


Explanation:
Die Arbeitgeberbeitragsreserve mit Verwendungsverzicht bei Unterdeckung wurde in den Jahren 2002 und 2003 gebildet. Aufgrund der
positiven Performance der letzten Geschäftsjahre verfügt die
Pensionskasse per 31.12.2007 wieder über einen Deckungsgrad von
über 100%. Die Arbeitgeberbeitragsreserve steht somit wieder zur
Verfügung des Arbeitgebers. Ein Teil davon wurde im Geschäftsjahr
2007 via Prämienverrechnung zurückgeführt sowie auf freie Mittel
übertragen

The employer contribution reserve with stipulated waiver of usage
in the event of a shortfall in coverage was formed in 2002 and 2003.
Thanks to the positive performance achieved over recent financial
years, the pension fund was again able to report a coverage ratio
of over 100% as at 31 December 2007. The employer contribution
reserve is thus again at the employer’s disposal. In 2007, part of the
employer contribution reserve was used for premium closing.
A further part was assigned to free resources.

http://www.jyskebank.ch/files/Jahresbericht/Jahresbericht200...


Kim Metzger
Mexico
Local time: 10:49
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1244
Grading comment
Thanks Kim! As always, a very helpful, insightful response.

Peer comments on this answer (and responses from the answerer)
agree  Derek Gill Franßen: ...looks good to me. :)
18 mins

agree  Hazel Underwood
27 mins

agree  michael10705 (X)
47 mins
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