Einzelzusage

English translation: [the employee\'s] individual pension arrangement

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Einzelzusage
English translation:[the employee\'s] individual pension arrangement
Entered by: Nick Brisland, BA (Hons)

16:44 Feb 21, 2019
German to English translations [PRO]
Bus/Financial - Law: Contract(s)
German term or phrase: Einzelzusage
I'm translating a contract for working during semi-retirement and I have come across this sentence:

Die Beiträge der Einzelzusage werden auf Basis der 2018 gezahlten Beträge bis zum Ende der Altersteilzeit unverändert weitergezahlt.

I'm not sure what 'Einzelzusage' is in English. Could it be the lump-sum payment received when you retire?

Thanks in advance!
Nick Brisland, BA (Hons)
United Kingdom
Local time: 01:50
[the employee's] individual pension arrangement
Explanation:
"Zusage" essentially means the granting of a pension to an employee by an employer.

"Einzelzusage" implies an individual pension arrangement, rather than a collective scheme.
https://www.u-di.de/index.php/betriebliche-altersvorsorge/gl...

So here it would appear that the employer is promising to continue to pay pension contributions in accordance with an individual pension arrangement.
Selected response from:

Steve Robbie
United Kingdom
Local time: 01:50
Grading comment
Thanks Steve.
4 KudoZ points were awarded for this answer



Summary of answers provided
4Individual Agreement/Contract
Sarojini Seeneevassen
4[the employee's] individual pension arrangement
Steve Robbie


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
Individual Agreement/Contract


Explanation:
Specific contract agreed upon on an individual basis between employer and employee

Sarojini Seeneevassen
Mauritius
Local time: 04:50
Native speaker of: English
Login to enter a peer comment (or grade)

3 days 2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
[the employee's] individual pension arrangement


Explanation:
"Zusage" essentially means the granting of a pension to an employee by an employer.

"Einzelzusage" implies an individual pension arrangement, rather than a collective scheme.
https://www.u-di.de/index.php/betriebliche-altersvorsorge/gl...

So here it would appear that the employer is promising to continue to pay pension contributions in accordance with an individual pension arrangement.


Steve Robbie
United Kingdom
Local time: 01:50
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thanks Steve.
Login to enter a peer comment (or grade)



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