Examples of using Defined-contribution in English and their translations into Arabic
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Defined-contribution plan.
Cash lump-sum through hybrid defned-benefit and defined-contribution schemes.
The defined-contribution scheme(Option B) as presented is not particularly clear.
He also states that additional administrativeprovisions would be required to manage a defined-contribution scheme.
As the report points out in paragraphs 45 and 47, a defined-contribution scheme would face administrative challenges.
The second was a defined-contribution scheme that provided an account balance based on the actual earnings of underlying investments.
Therefore, as allowed by IPSAS 25,the Organization treats this plan as if it were a defined-contribution plan.
Hence, UNIDO has treated this plan as if it were a defined-contribution plan in line with the requirements of IPSAS standard 25.
The third option was to make a cash lump-sumpayment in lieu of a pension through hybrid defined-benefit and defined-contribution schemes.
It should also be noted that, in some countries,it is mandatory that the defined-contribution scheme account balance be used to purchase an annuity.
A variant of the defined-contribution arrangement may be to consider one third contributed by the members/judges and two thirds by the Organization.
He points out that, unlike the current pension scheme which isnot pre-funded, option B, the defined-contribution scheme, requires advance funding.
Typically, a defined-contribution scheme would be designed assuming either a fixed level(for example, a constant amount of United States dollars) or a fixed rate of salary.
Hence, UNICEF has treated this plan as if it were a defined-contribution plan in line with the requirements of IPSAS 25: Employee benefits.
A defined-contribution scheme targeted at providing benefits comparable with those available to current judges would require individual contribution rates based on a judge ' s age and term of office.
In October 2018, General Electric announced it would"freeze pensions" for about 20,000 salaried U.S. employees.The employees will be moved to a defined-contribution retirement plan in 2021.[117].
Defined-contribution scheme(Option B)-- details unclear-- unjustified investment assumptions-- excessive administration costs-- essential that basic principle of non-contribution remain unaffected.
The Provident Fund is a benefit that applies to all area staff members, except for contract teachers who participated in the Post-Employment Fund,and is the equivalent of a defined-contribution pension plan.
It is reasonable to assume that anoverall replacement ratio from all sources(other defned-benefit and defined-contribution schemes and social insurance benefits) should provide a target income not exceeding 100 per cent of final salary.
Given the fact that defined-contribution benefits require a significant time to accrue by utilizing the effects of compound interest, a defned-benefit scheme would more easily produce the prospective benefit levels in the relatively short time that the judges are in office.
For illustrative purposes, table 5 shows some sample fixed contribution rates andannual equivalent accrual rates that can be expected based on a defined-contribution scheme and various assumed investment returns.
The operation of both types of schemes, defned-benefit and defined-contribution, require some administrative work. However, in the case of a defined-contribution scheme, additional administrative provisions would need to be developed in order to accommodate individual account investment and recordkeeping.
Table 5 of the Secretary-General ' s report shows some sample fixed contribution rates andannual equivalent accrual rates that can be expected based on a defined-contribution scheme and various assumed investment returns(ibid., paras. 42-48).
Other factors to consider may be thehigh cost of providing equivalent benefits through the defined-contribution modality, together with the high cost of administering the funds that need to be invested and managed under that option; non-pooling of risks, which is one inherent characteristic of defned-benefit plans; and transferring of risks to the participant.
As his delegation had observed during the Committee ' s discussion of the United Nations Joint Staff Pension Fund earlier in the sixty-third session, there was a globaltrend away from defined-benefit pension schemes towards defined-contribution schemes, which were portable and reduced employing organizations ' liabilities.
As there is no consistent and reliable basis for allocating the related liabilities/assets and costs to individual organizations participating in the plan, UN-Habitat is not in a position to identify its share of the underlying financial position and performance of the plan with sufficient reliability for accounting purposes,and hence has treated this plan as if it were a defined-contribution plan.
The options respond to the requests of the General Assembly, most recently in its resolution 65/258, to be provided with anoption for a defned-benefit scheme, an option for a defined-contribution scheme and a mechanism to determine retirement pension benefits that takes into account acquired pension benefit rights accrued prior to serving in the Court or the Tribunals.
As there is no consistent and reliable basis for allocating the related liabilities/assets and costs to individual participating organizations, the United Nations is not in a position to identify its share of the underlying financial position and performance of the Pension Fund with sufficient reliability for accounting purposes and hence has treated this plan as ifit were a defined-contribution plan.
As there is no consistent and reliable basis for allocating the related liabilities/assets and costs to individual participating organizations, the United Nations Environment Programme is not in a position to identify its share of the underlying financial position and performance of the Pension Fund with sufficient reliability for accounting purposes and hence has treated this plan as ifit were a defined-contribution plan.