This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
fagtegning
hjelpeanlegg

Glossary entry

Norwegian term or phrase:

uttakstilbøyelighet for AFP

English translation:

take-up tendency for the early retirement scheme

Added to glossary by Carole Hognestad
May 4, 2008 07:55
16 yrs ago
2 viewers *
Norwegian term

uttakstilbøyelighet for AFP

Norwegian to English Bus/Financial Accounting
Financial assumptions for pension plans include a figure for "Uttakstilbøyelighet for AFP fra 62 pr".
Proposed translations (English)
4 +2 take-up tendency for the early retirement scheme
3 Withdrawal tendency AFP
3 early retirement scheme opt-in rate

Proposed translations

+2
1 hr
Selected

take-up tendency for the early retirement scheme

Bjørnar is, of course, right, but in this case, I am not sure that withdrawal is appropriate, because it could be understood as those who do not avail themselves of the opportunity to take early retirement under the AFP scheme. AFP is, as we probably aware, the early retirement scheme laid in the general tariff agreement.
Example sentence:

It may also mean that the tendency to take-up an ESSP account increases over time because employees have become more familiar with the ESSPs

Peer comment(s):
agree Per Bergvall
3 hrs
agree brigidm : "When the husband works in the private sector in Norway the take-up rate of early retirement during.."
19 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you."
1 hr

Withdrawal tendency AFP

This is how it was translated in a BKK annual report. I can confirm "withdrawal" for "uttak", i.e. is the Report to the Storting "Opptjening og uttak av alderspensjon i folketrygden." translated as "Earning and Withdrawal of Old-Age Pension in the National Insurance System."
Example sentence:

Withdrawal tendency AFP. 40.0 %. (Amounts in NOK million).

Reference:

http://www.bkk.no/upload/attachments/25/2568/annual_report_2002.pdf

Peer comment(s):
neutral Per Bergvall : Enig med David her - uttak er et uheldig ordvalg på norsk, og kommer fra å "ta ut" pensjon. Det har lite med withdrawal å gjøre, som betur uttak bare av penger, ellers tilbaketrekning.
3 hrs
I den gamle ordningen blir det feil å kalled ATP for "withdrawal", siden man får både i pose og sekk. Men i den nye AFP-avtalen er AFP et tillegg som øker med senere uttak og gis livet ut. (http://www.bedin.no/php/d_nyhet/cf/hApp_201/hPKey_1854/hDKey...
Something went wrong...
2 days 11 hrs

early retirement scheme opt-in rate

This assumes 62 is followed by the Norwegian word for year.

Tendency, surely, is a misnomer here, as Brigid above has picked up on, and a pension is taken up, whilst a scheme is opted into.



Example sentence:

Take-up rate on civil service retirement scheme lower than expected from China ... funding was sufficient to cover 7000 positions taking early retirement. ...

Do-It-Yourself – In recent months, Internet marketers have been complaining about declining opt-in rates but the truth is that many web developers ignore ...

Reference:

http://findarticles.com/p/articles/mi_qa5478/is_200305/ai_n21336938

http://diy.propeller.com/story/2008/04/25/8-easy-ways-to-double-your-optin-rate

Something went wrong...
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search