Glossary entry

French term or phrase:

avoir de vieillesse

English translation:

pension account

Added to glossary by lenkl
Mar 9, 2004 17:02
20 yrs ago
2 viewers *
French term

l'avoir de vieillesse

French to English Bus/Financial Insurance
The whole phrase is 'l'avoir de vieillesse à disposition est versé intégralement à X qui, sur la base des taux de conversion en vigueur à cette date, convertira cet avoir de vieillesse en rente'. It is in a document about occupational benefits in Switzerland. Many thanks for any suggestions
Proposed translations (English)
4 +1 pension account

Proposed translations

+1
2 hrs
Selected

pension account

The balance of the pension account is paid as a lump sum to X , who converts it into an annuity.

A Pension Primer
... retirement. If rates are high, the money in the pension account could buy an annuity that delivers relatively large monthly payments. If ...
www.ncwcnbes.net/htmdocument/reportpensionprimer/ pensionprimer.htm
Peer comment(s):

agree Tom Bishop : But not sure where the "balance" comes from. My understanding is that it would be the account in its entirety.
4 hrs
Thanks. You could also say "the accumulated funds in the account" but the balance would be what is left if after surrenders, borrowings, etc.
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4 KudoZ points awarded for this answer. Comment: "Thanks for your help"
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