Abrufrente

English translation: pension drawdown

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Abrufrente
English translation:pension drawdown
Entered by: EMatt

21:55 Dec 13, 2004
German to English translations [PRO]
Bus/Financial - Insurance / insurance
German term or phrase: Abrufrente
Der Versicherungsnehmer kann statt der versicherten Rente die Zahlung einer frueher beginnenden herabgesetzten Abrufrente verlangen.
EMatt
Local time: 23:40
pension drawdown
Explanation:
this is the UK phrase for early receipt of pension benefits. It is not an exact equivalent of 'Abrufrente', because it involves flexible withdrawals from the pension fund, not the contractually fixed early payment of a reduced pension from it.
(although the two can obviously be linked, I think we are talking pensions, not anuities, here, because the concept of 'Abruf' doesn't seem to make much sense for an annuity: the rate for an annuity is fixed when you buy it. A 'future annuity' with a fixed rate which you can therefore choose to have paid early is surely a pension?)
Selected response from:

Kieran McCann
United Kingdom
Local time: 04:40
Grading comment
Thanks. As far as I know we don't have anything like this in the U.S.
4 KudoZ points were awarded for this answer



Summary of answers provided
2 +1premature distribution
jccantrell
3pension drawdown
Kieran McCann
2Background info - not for points
Kim Metzger


  

Answers


1 hr   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +1
premature distribution


Explanation:
This is about as close as I can get to this in the USA.

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Note added at 1 hr 10 mins (2004-12-13 23:05:59 GMT)
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of an annuity


    Reference: http://www.annuiweb.com/tree/client/glossary_view.asp?glossa...
jccantrell
United States
Local time: 20:40
Native speaker of: Native in EnglishEnglish
PRO pts in category: 31

Peer comments on this answer (and responses from the answerer)
agree  Kim Metzger: Bingo, I'd say. Premature annuity distribution?
9 mins
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1 hr   confidence: Answerer confidence 2/5Answerer confidence 2/5
Background info - not for points


Explanation:
Abrufrente
Bei einer privaten Rentenversicherung kann in der Regel jederzeit vor dem ursprünglich vertraglich vereinbarten Rentenbeginn die Zahlung einer früher einsetzenden lebenslangen Rente verlangt werden.
Diese vorzeitige in Anspruch genommene Rente heißt im Fachjargon: "Abrufrente"
Da insgesamt weniger Beiträge als ursprünglich geplant gezahlt wurden und die Rente auch länger gezahlt wird, fällt sie etwas niedriger aus.

https://www.victoria.de/home/frameset.asp?url=/suchen/lexiko...


Kim Metzger
Mexico
Local time: 21:40
Native speaker of: Native in EnglishEnglish
PRO pts in category: 213
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12 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
pension drawdown


Explanation:
this is the UK phrase for early receipt of pension benefits. It is not an exact equivalent of 'Abrufrente', because it involves flexible withdrawals from the pension fund, not the contractually fixed early payment of a reduced pension from it.
(although the two can obviously be linked, I think we are talking pensions, not anuities, here, because the concept of 'Abruf' doesn't seem to make much sense for an annuity: the rate for an annuity is fixed when you buy it. A 'future annuity' with a fixed rate which you can therefore choose to have paid early is surely a pension?)


    Reference: http://www.parnellfisherchild.co.uk/retirement_drawdown.htm
    Reference: http://workthing-d-aspen.workthing.com/advice/theme/dshift_r...
Kieran McCann
United Kingdom
Local time: 04:40
Native speaker of: English
PRO pts in category: 61
Grading comment
Thanks. As far as I know we don't have anything like this in the U.S.
Login to enter a peer comment (or grade)



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