Direktpension

English translation: direct pension

12:44 Jun 17, 2014
Swedish to English translations [PRO]
Bus/Financial - Insurance
Swedish term or phrase: Direktpension
Can anybody tell me what a 'direktpension' might be, and how it should be translated into English? The context is as follows:


Försäkringstagaren har utfäst sig att betala ut direktpension i form av pension till den försäkrade på, i förekommande fall, de villkor som är överenskomna mellan försäkringstagaren och den försäkrade

Thank you!
Michael Purvis
English translation:direct pension
Explanation:
Why not simply call it a “direct pension;” that is what it is. Or a “directly arranged pension. Quite simple (see definition below). It means no third parties are involved in the programme.


Direktpension. En direktpension är ett avtal mellan ditt företag och en anställd, och är ett löfte om pension som betalas direkt från företaget till den anställde.




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Note added at 5 hrs (2014-06-17 18:05:53 GMT)
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And who would know what a "top hat" is?

(Though I suppose that such a phrase might have originated from the days where the employer put some cash into the employee's top had - directly - and that was his going away pay. It was also a "polite" way of dismissing someone; simply put some pound notes into a top hat - they guy immediately got the message.


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Note added at 5 hrs (2014-06-17 18:08:53 GMT)
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actually direct retirement plan would be a better term to use.

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Note added at 5 hrs (2014-06-17 18:16:52 GMT)
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Additional reference:
http://euracs.eu/summaries/summary-germany/

It's called a Direktzusage in German; a "Direct Pension Commitment"
Selected response from:

Charlesp
Sweden
Local time: 12:37
Grading comment
thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4direct pension
Charlesp
3(UK & US) Top-hat scheme
Adrian MM. (X)


  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
(UK & US) Top-hat scheme


Explanation:
A Senior Executives', Officers' and Directors' pension scheme vs. plan that is - usually in the UK - a private and personal arrangement.

IATE's wbsite:

Insurance [COM] Full entry
SV

direktpension


EN

top hat scheme



Example sentence(s):
  • top-hat scheme. —n. informal a pension scheme for the senior executives of an organization
  • A top hat scheme has to be set up by the employer and approved by the PSO.

    Reference: http://www.thefreedictionary.com/top-hat+scheme
Adrian MM. (X)
Local time: 12:37
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 96

Peer comments on this answer (and responses from the answerer)
neutral  Charlesp: Agree, but I think is is only for a chosen few. Sure its a form of retirement plan, but limited to usually key executives. I would think that a Direktpension is broader in scope.
2 hrs
  -> Point taken.
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5 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
direct pension


Explanation:
Why not simply call it a “direct pension;” that is what it is. Or a “directly arranged pension. Quite simple (see definition below). It means no third parties are involved in the programme.


Direktpension. En direktpension är ett avtal mellan ditt företag och en anställd, och är ett löfte om pension som betalas direkt från företaget till den anställde.




--------------------------------------------------
Note added at 5 hrs (2014-06-17 18:05:53 GMT)
--------------------------------------------------

And who would know what a "top hat" is?

(Though I suppose that such a phrase might have originated from the days where the employer put some cash into the employee's top had - directly - and that was his going away pay. It was also a "polite" way of dismissing someone; simply put some pound notes into a top hat - they guy immediately got the message.


--------------------------------------------------
Note added at 5 hrs (2014-06-17 18:08:53 GMT)
--------------------------------------------------

actually direct retirement plan would be a better term to use.

--------------------------------------------------
Note added at 5 hrs (2014-06-17 18:16:52 GMT)
--------------------------------------------------

Additional reference:
http://euracs.eu/summaries/summary-germany/

It's called a Direktzusage in German; a "Direct Pension Commitment"

Charlesp
Sweden
Local time: 12:37
Native speaker of: English
PRO pts in category: 23
Grading comment
thanks!
Login to enter a peer comment (or grade)



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