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Mar 29, 2022 16:36
2 yrs ago
17 viewers *
Portuguese term

TRANSICAO PEDAGIO 50%

Portuguese to English Bus/Financial Finance (general) pension simulation
I have found an explanation for this. When somebody is 2 years away from collecting their pension, they have to work 3 years in order to claim it (???). But all I can find for PEDAGIO is TOLL. The transition relates to the transition from one pension system to another brought about by constitutional amendment 103/19. Again, any suggestions regarding this strange term? RETIREMENT BASED ON CONTRIBUTION TIME - TRANSICAO PEDAGIO 50%.
Thanks again :)

Discussion

Heather Phillips (asker) Mar 29, 2022:
So Phil, is this a 50% surcharge??

Proposed translations

1 hr

rule of transition

Pesquisando sobre a regra de transição, verifiquei que tanto o Banco Mundial quanto entidades representativas da profissão de atuário utilizam a tradução literal.
Example sentence:

"A rule of transition is included through a gradual application of the actuarial coefficient over five years."

"For each type of benefit, gender, insertion in the labor market and rule of transition, the eligibility condition is checked every year."

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3 hrs
Portuguese term (edited): Transição Pedágio 50%

50% surcharge/tax over years left before retirement to access full pension/benefits

This is how I would explain the term, not translate it because in my view it's untranslatable.

Brazilian legalese can be tedious, atrocious, nonsensical, and this seems to be a good (or bad?) example. What does "pedágio" have to do with the usual meaning of the word? Absolutely nothing, except the notion of gaining access to something; in this case, the full retirement benefits or pension. The closest I got to a "definition" was the following (which still leaves a lot to be desired; as we say it in PT-Br "falou, falou e não disse nada"):

Como você deve ter percebido, existe a palavra “pedágio”.

Quando falamos desta Regra de Transição, a pessoa paga como se fosse um imposto, em tempo de contribuição, para conseguir a sua tão sonhada aposentadoria.

Isto é, a pessoa contribui por um pouco mais de tempo para ter acesso ao benefício. (emphasis added)

https://ingracio.adv.br/regra-de-transicao-pedagio-50/

It's not "como se fosse um imposto" (as if it were a tax). It is a form of TAXATION in the sense that it's not optional. The surcharge/tax (whatever you want to call it) was IMPOSED upon the workers; they have no choice: either work a few more years or pay this tax if they want to retire. This was part of the post-coup labor reform ("reforma trabalhista") that was presented to the working class as something that was supposed to be beneficial. The disastrous results are showing in today's labor market.

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Note added at 4 hrs (2022-03-29 20:44:41 GMT)
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On the subject of real "pedágios" (toll fees), also another form of imposition:

As a "paulista", I can't help but think of the many times I heard residents of my home state (São Paulo) brag about the wonderful highways/roads throughout the state, which are maintained by the myriad of "pedágios" all over. When I tell my F&F that in over 30 years living in the United States, I was charged highway toll just once (in Florida), they have a hard time believing it. This contrasts sharply with the 8-10 toll fees that drivers have to pay on a 500-mile stretch in SP. And mind you, the freeways here (in Arizona) are better than those in São Paulo state!
Note from asker:
Thanks for confirming my own thoughts about it being a surcharge Oliver.
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20 hrs
Portuguese term (edited): Transição do Pedágio 50%

50% (Actuarial Pension Switch/ Transfer Scheme) Tax Top-Up

- to avoid a nasty surprise on the curtailed amount of contingent pension benefits becoming vested ('accessed'): query in favo(u)r inhabitants of the favelas.....

I considered tax grossing-up, a

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Note added at 20 hrs (2022-03-30 12:52:18 GMT)
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tax grossing-up .... a UK Capital Ttransfer Tax of old / present-day Inheritance Tax (also known in 'my day' - and by dinosaur English accountants who shall remain nameless - as Estate or Death Duty) scamming of a donor, rather than the donee of a generous gift.
Example sentence:

Ela precisa recolher por mais 6 meses para completar os 30 anos de contribuição necessário para esta Regra + o pedágio de 50% em cima deste tempo. 50% de 6 meses equivale a 3 meses. Ou seja, para se aposentar, Maria precisa contribuir por mais 9 mes

Isso porque o fator previdenciário, como vimos, pode reduzir drasticamente o valor do seu benefício.

Note from asker:
Thanks Adrian. As it seems to be social security contributions rather than tax, I went with 50% top up surcharge, which may sound tautologous, but I think it is nice and clear.
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Reference comments

38 mins
Reference:

Explanation

Note from asker:
So is this a 50% surcharge on contributions?
Peer comments on this reference comment:

agree Adrian MM.
18 hrs
agree Leandro Gomes : Informação de qualidade pode ser encontrada em http://leandrogomesadv.com.br
696 days
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