6 questions

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Newguest

#489671 Sun, 16 Mar 08 08:48 PM

Hello

1.There is no minimum and maximum level of incomes to calculate a pension contribution. IS IT OK TO WRITE "TO CALCULATE A PENSION CONTRIBUTION"

2.The pensions are amended according to the index established each year which cannot be lower than the price index increase, and cannot be higher than the remuneration growth ratio HOW ABOUT "REMUNERATION GROWTH RATIO" MAYBE IT SHOULD BE "SALARY GROWTH RATIO"

3.There are still fewer persons participating in the second pillar than in the first pension pillar. IS IT CLEAR ENOUGH?

4.The calculated basis cannot be lower than 64% of the average net remuneration. HOW DOES IT SOUND?

5.PENSION SCHEME OR PENSION SYSTEM??????????? IN MY OPINION THEY BOTH MEAN THE SAME SO I USE THEM INTERCHANGEABLY. WHAT'S YOUR OPINION?

6.The open-ended funds are available to the general public, while the closed-end funds are limited to the employees of one company. IS IT ALL RIGHT TO WRITE: LIMITED TO THE EMPLOYEES OF ONE COMPANY?

THANK YOU Wink

Newguest

Joined on Sun, Feb 25 2007

Contributing Member (1,336)

Mister Micawber

#489707 Sun, 16 Mar 08 11:32 PM

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These are OK:

1.There is no minimum or maximum level of income used in the calculation of a pension contribution.

2.The pensions are amended according to the index established each year, which cannot be lower than the price index increase or higher than the remuneration growth ratio. HOW ABOUT "REMUNERATION GROWTH RATIO" MAYBE IT SHOULD BE "SALARY GROWTH RATIO"-- Some workers are paid by wages or commission rather than salary; others are self-employed.

3.There are still fewer persons participating in the second pillar than in the first pension pillar. IS IT CLEAR ENOUGH?-- Yes

4.The calculated basis cannot be lower than 64% of the average net remuneration. HOW DOES IT SOUND?-- Confusing. Is it the basis for calculation or is the basis a calculated figure?

5.PENSION SCHEME OR PENSION SYSTEM? IN MY OPINION THEY BOTH MEAN THE SAME SO I USE THEM INTERCHANGEABLY. WHAT'S YOUR OPINION?-- 'Schemes' are often marginally illegal; I'd stick with system.

6.The open-ended funds are available to the general public, while the closed-ended funds are limited to the employees of a company.

Mister Micawber

Joined on Wed, Aug 4 2004

Yokohama

Veteran Member (23,378)

'The question is,' said Humpty Dumpty, 'which is to be master-- that's all.'

Newguest

#489783 Mon, 17 Mar 08 07:02 AM

Hello Micawaber. Thanks for answering.

As for the fourth sentence I think I wanted to say: The basis for calculation cannot be lower than.................

So, in your opinion "remuneration growth ratio" is fine?

take care

Newguest

Mister Micawber

#489813 Mon, 17 Mar 08 10:50 AM

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Good; use that then: The basis for calculation.

Remuneration growth ratio-- Yes, I think that's fine; it includes all sorts of income. Hmm. I guess that you could also use 'income growth ratio', then.

Mister Micawber

Newguest

#489847 Mon, 17 Mar 08 11:44 AM

Thank you

Newguest