Glossary entry

Spanish term or phrase:

Régimen de prima media con prestación definida válido para bono pensional

English translation:

Average Premium Regime (RPM by its Spanish acronym) with valid defined benefit pension bond

Added to glossary by Aussaffer
Oct 4, 2015 10:28
8 yrs ago
20 viewers *
Spanish term

Régimen de prima media con prestación definida válido para bono pensional

Spanish to English Bus/Financial Finance (general) Old Mutual - Historia Laboral Consolidada Colombiana
Term appears in an Old Mutual "Historia Laboral Consolidada" from Colombia.

The scheme "Régimen de prima media con prestación definida válido para bono pensional" appears in the table titled "Resumen Historia Laboral Consolidada Sistema General de Pensiones" in the subheading "Tiempo cotizado al Régimen de prima media con prestación definida válido para bono pensional".

Thank you in advance for your help.

Discussion

Taña Dalglish Oct 4, 2015:
@ biged I disagree. This is Colombia. And Old Mutual. It refers to a "bono pensional"
Colombia: Recent Economic Developments
https://books.google.com.jm/books?isbn=1452785902
International Monetary Fund - 1995 - ‎Business & Economics
Recent Economic Developments International Monetary Fund ... worker shifts from the public to a private pension scheme, a bond (bono pensional) will be paid ...
Complementary and Private Pensions throughout the World 2008
https://books.google.com.jm/books?isbn=9264048820
OECD, ‎International Social Security Association, ‎International Organisation of Pension Supervisors - 2008 - ‎Business & Economics
set Management S individual saving scheme: Each pension d administrator ... entitled to a recognition **bond (Bono Pensional)** valued on an actuarial basis and ..
bigedsenior Oct 4, 2015:
It seems that 'bono' in this case means 'award'. www.aarp.org › ... › Social Security › Question and Answer
AARP
To get a copy of your Social Security statement Award Letter you should contact the Social Security Administration agency directly

Proposed translations

+1
2 hrs
Selected

Average Premium Regime (RPM by its Spanish acronym) with valid defined benefit pension bond

Pensions: A time of change in Chile, Peru and Colombia ...http://webcache.googleusercontent.com/search?q=cache:p9FNa70...
See pages 12 to 14:
Figure 2 - Average Annual Real Return of Pension Funds Since Start of System 5 ... Figure 9 - Colombia: Types of Funds and Investment Limits ....
This state of affairs is spurring changes to a system that includes both the ***average premium regime (RPM by its Spanish acronym),*** administered by the state agency Colpensiones, with 6.5 million affiliates; and the solidarity individual savings system (RAIS), managed by private pension funds, which has 10.7 million affiliates.

What are defined benefit and defined contributions pensions
www.telegraph.co.uk › ... › New pension rules › Old Mutual Wealth view
Apr 17, 2015 - Defined benefit pension schemes are generally a better deal than ... explains Adrian Walker, head of retirement at Old Mutual Wealth. ... An actively managed fund relies on the knowledge and skill of a human fund manager,.

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Colombia: Recent Economic Developments
https://books.google.com.jm/books?isbn=1452785902
International Monetary Fund - 1995 - ‎Business & Economics
Recent Economic Developments International Monetary Fund ... worker shifts from the public to a private pension scheme, a bond (bono pensional) will be paid ...

**Average Premium Regime (RPM by its Spanish acronym) with valid defined benefit pension bond**

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Note added at 3 hrs (2015-10-04 13:59:56 GMT)
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A review of the pension systems in Latin America - BBVA ...
https://www.bbvaresearch.com/wp.../WP_1115_tcm348-255095.pdf
Apr 18, 2011 - managed by the Pension Fund Administrators (AFPs). ... system in which average premiums with defined benefits (RPM) ... The characteristics of the Colombian pension system were outlined in Law ... 7: The public system has a non-defined contribution, defined benefit, ...... 3) Keep a check on the validity.

Colombia chose a parallel system in which ***average premiums with defined benefits (RPM)***coexisted with a system of individual savings with a welfare element (RAIS). Individuals can only belong to one of the two. The reform had sought fiscal balance, increased coverage along with
equity. The characteristics of the Colombian pension system were outlined in Law 100 of 1993. Greater coverage, equity, efficiency and financial sustainability of the pension system have been the main aims of the various reforms undertaken since the first half of the 1990s.


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Note added at 2 days3 hrs (2015-10-06 13:46:07 GMT) Post-grading
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Thank you.
Peer comment(s):

agree EirTranslations
3 hrs
Muchas gracias Bea. Un abrazo.
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