Apr 29, 2021 12:00
3 yrs ago
18 viewers *
English term

funding standard reserve

English to Serbian Bus/Financial Law (general) Pensions Act, 1990, Ireland
Ne mogu nikako da pronađem šta bi bio kod nas ekvivalent?

Kontekst:

THE AMOUNT WHICH IT WOULD BE NECESSARY FOR THE PRINCIPAL EMPLOYER TO PAY INTO THE PLAN, UP TO A MAXIMUM
AMOUNT EQUAL TO THE DEPOSIT FROM TIME TO TIME, TO ENSURE THAT, TAKING INTO ACCOUNT THE ASSETS OF THE PLAN (EXCLUDING THE SECURITY AGREEMENT), IT IS FUNDED TO THE STATUTORY MINIMUM FUNDING STANDARD INCLUDING THE
FUNDING STANDARD RESERVE UNDER THE PENSIONS ACT ON ANY DATE FROM TIME TO TIME, CALCULATED ON THE BASIS SET
OUT IN SECTION 44 OF THE PENSIONS ACT, WERE AN ACTUARIAL FUNDING CERTIFICATE TO BE PREPARED AS AT ANY SUCH
DATE
Change log

Apr 30, 2021 03:24: Daryo changed "Field (write-in)" from "Pensions act" to "Pensions Act, 1990, Ireland"

Discussion

Daryo May 2, 2021:
In Serbia you have one and only one pension fund for the whole state, and contributions to that fund are part of the state taxation system.

This text is about private "pension funds", like "pension funds" run by companies ONLY for their own employees. The only "state involvement" for this kind of "pension funds" is to legislate how it's got to be done, nothing more.

The Pensions Act 1990

The Pensions Act 1990 provides for the regulation of occupational and private pension schemes, trust Retirement Annuity Contracts (RACs) and Personal Retirement Savings Accounts (PRSAs) and provides the statutory basis for the Pensions Authority (formerly known as the Pensions Board) and the Pensions Council. The Act is amended on a regular basis to provide for changes in the regulatory and supervisory structures to reflect developments in pensions and financial environments.
...
https://www.gov.ie/en/policy-information/9a6dd5-occupational...

I don't think you'll find in the system in Serbia any "equivalent" term for "funding standard reserve".

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