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09:06 Nov 28, 2008 |
Swedish to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Adrian MM. (X) Local time: 22:38 | ||||||
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Summary of answers provided | ||||
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4 | severance pay insurance |
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4 | private redundancy-pay insurance |
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severance pay insurance Explanation: When an employee is laid off, the company laying off is obliged to pay an amount equal to one month's salary (give or take a few). -------------------------------------------------- Note added at 5 hrs (2008-11-28 14:49:51 GMT) -------------------------------------------------- or 'insurance providing severance pay' AVGÅNGSBIDRAG SEVERANCE PAY (MANUAL WORKERS) Compensation payable to manual workers who are made redundant or whose employment is terminated for reasons of ill health. There is no legislation on the matter in Sweden, but SAF member employers bound by collective agreements are under an obligation to take out labour market insurance for their manual worker employees, i.e. insurance providing severance pay, occupational group health insurance, occupational group life insurance and supplementary industrial injury insurance, which also covers white-collar workers. The eligibility criteria for severance pay vary according to age and reason for termination, as does the amount payable. The insurance is financed from employer contributions. Cf. severance pay (white-collar workers). http://www.eurofound.europa.eu/emire/SWEDEN/ANCHOR-AVG-Acirc... -------------------------------------------------- Note added at 5 hrs (2008-11-28 14:56:39 GMT) -------------------------------------------------- _________ Also, to demonstrate that this is the proper UK use, note the spelling of 'labour' (not 'labor' as in US English) below (where AGB = AvGångsBidgrag): Social and Occupational Security and Labour Market Flexibility in ... The ****severance pay insurance, AGB,*** is an agreement-based insurance that covers blue-collar. workers within the sphere of agreement of the Confederation... papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1006195_code685066.pdf?abstractid=1006195&mirid=1 |
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private redundancy-pay insurance Explanation: Redundancy pay insurance take out privately: unlikely in the UK, though not impossible. Why? This is taken care of by a government agency called *National Insurance*. -------------------------------------------------- Note added at 2 days14 hrs (2008-11-30 23:18:53 GMT) -------------------------------------------------- Private insurance against unemployment in the UK takes the form only of 'living assurance' or 'dread diseases' medical insurance for the contingency of the assured/policy holder being taken out of circulation by e.g. a heart attack, stroke, accidental blindness etc. Example sentence(s):
Reference: http://www.insolvency.gov.uk/pdfs/RP1%20Form%20revised%20Feb... |
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