Examples of using Defined contribution in English and their translations into Slovak
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(a) Defined contribution plan.
FuturePlanner is a defined contribution plan.
This facilitates the organisation of investment management, in particular for defined contribution schemes.
Moving to a defined contribution system.
Therefore the scheme is accounted for as though it is a defined contribution scheme.
(See also: Defined contribution(DC) schemes).
Where the pension is based on a defined contribution scheme.
The liability of a defined contribution scheme is the current market value of the fund's assets.
The second type ofprivate pension plan is termed defined contribution(DC).
Voluntary contributions made by staff in a defined contribution pillar in 2019 amounted to €171 million(2018: €140 million).
Return from investments derived by the scheme(typically in a defined contribution scheme).
The way out is to move toward defined contribution, fully funded, pension systems based on personal retirement accounts.
(a)account for the plan under paragraphs 44- 46 as if it were a defined contribution plan;
A notional defined contribution scheme is similar to a defined contribution scheme but with a guaranteed minimum amount payable.
Advocate a switch to a defined contribution system.
An annuity is one way of securing a regularretirement income for individuals who have saved in a defined contribution scheme.
Staff can make additional contributions on a voluntary basis in a defined contribution pillar that can be used to provide additional benefits.
Minimum return guarantees-Minimum level of pension benefit paid out regardless of investment performance in a defined contribution scheme.
Defined Contribution(DC) pension scheme is a retirement plan that is funded primarily by the scheme member while the employer matches contributions to a certain amount.
Hybrid schemes are those schemes which have both a defined benefit and a defined contribution element.
The entity shall treat such a plan as a defined contribution plan unless the entity has a legal or constructive obligation either:(a).
Defined contribution plans must vest at least as rapidly as one of the following two schedules for all employers non-elected contributions and matching contributions: .
For example, it is complicated to calculate the corresponding provisionneeds in the case of changing from a defined benefit to a defined contribution plan.
A pension may be a“defined benefit plan” where a fixed sum is paid regularly to a person,or a“defined contribution plan” where a fixed sum is invested and then becomes available at retirement age.
Where contributions to a defined contribution plan do not fall due wholly within twelve months after the end of the period in which the employees render the related service, they shall be discounted using the discount rate specified in paragraph 78.
A pension may be a"defined benefit plan", where a fixed sum is paid regularly to a person,or a"defined contribution plan", under which a fixed sum is invested that then becomes available at retirement age.
Where contributions to a defined contribution plan do not fall due wholly within twelve months after the end of the period in which the employees render the related service, they shall be discounted using the discount rate specified in paragraph 78.
Similarly to the frozen Retirement Plan, staff can make additionalcontributions under the new scheme on a voluntary basis in a defined contribution pillar that can be used to provide additional benefits.
A pension could also be a“defined benefit plan” the place a set sum is paid recurrently to a person,or a“defined contribution plan” under which a fixed sum is invested and then turns into accessible at retirement age.