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indemnización vejez

English translation: lump sum retirement payment

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:indemnización vejez
English translation:lump sum retirement payment
Entered by: Jacob Lagnado

11:47 Nov 3, 2014
Spanish to English translations [PRO]
Law/Patents - Insurance / pensions
Spanish term or phrase: indemnización vejez
This refers to the "indemnizacion sustitutiva" in Colombia, a one off payment for people who haven't made enough social security contributions to get a pension, as referred to at http://www.colpensiones.gov.co/publicaciones/es-CO/129/Pensi...

The context is a letter from the Social Security Institute (ISS) saying someone does not receive a pension but that the "ISS reconocio indemnización vejez (unico pago)."

I am toying with various options, such as "lump sum old age payment". I think I should avoid the terms compensation/indemnization because of potential ambiguity, but am wary of inserting 'pension' in the translation too. I would be interested in any other suggestions.

Thank you!
Jacob Lagnado
United Kingdom
Local time: 02:04
lump sum retirement payment
Explanation:
'Old age' sounds a bit, er ageist and old! In the UK we talk about people who no longer work as being retired. 'Jubilado' in Spanish I think?

Lump sum is good, another option could be one-off.
Regards.
Selected response from:

Jo Hance
United Kingdom
Local time: 02:04
Grading comment
Thanks, and fair point about 'old age' (some of those old expressions like old age pension still in my ahead...)
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +5lump sum retirement payment
Jo Hance
4gratuity
jude dabo


  

Answers


19 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
lump sum retirement payment


Explanation:
'Old age' sounds a bit, er ageist and old! In the UK we talk about people who no longer work as being retired. 'Jubilado' in Spanish I think?

Lump sum is good, another option could be one-off.
Regards.

Jo Hance
United Kingdom
Local time: 02:04
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Thanks, and fair point about 'old age' (some of those old expressions like old age pension still in my ahead...)

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Or benefit.
2 hrs
agree  AllegroTrans: @ Phil: surely the benefit is what is received in return for the lump sum payment?
9 hrs
agree  bigedsenior: also agree with Phil. Benefit is used in the USA & states.
10 hrs
agree  TravellingTrans: agree but prefer payment, benefit brings to mind some kind of ongoing situation
14 hrs
agree  Paul Stevens
1 day 3 hrs
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8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
gratuity


Explanation:
another option

jude dabo
Local time: 02:04
Native speaker of: Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
disagree  AllegroTrans: do you mean annuity?? a gratuity means something given free.....// read what the asker says, the person concened has to make a lump-sum payment so this cannot be a gratuity// what is "a government staff"?
24 mins
  -> I mean gratuity please - an amount of money given to a retiring soldier or employee or a government staff
agree  bigedsenior: Gratuity is used in the UK & other Commonwealth nations. (Not used in USA.)
2 hrs
  -> Thanks bigedsenior!
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