Glossary entry (derived from question below)
Swedish term or phrase:
avgångsbidragsförsäkring
English translation:
private redundancy-pay insurance (UK); severance pay insurance (US)
Added to glossary by
Charlesp
Nov 28, 2008 09:06
15 yrs ago
2 viewers *
Swedish term
avgångsbidragsförsäkring
Swedish to English
Bus/Financial
Insurance
a type of insurance of course; but how does the insurance industry in the UK refer to this?
Proposed translations
(English)
| 4 | private redundancy-pay insurance |
Adrian MM. (X)
|
| 4 | severance pay insurance |
Cecelia Murphy
|
Change log
Nov 28, 2008 09:06: changed "Kudoz queue" from "In queue" to "Public"
Proposed translations
12 hrs
Selected
private redundancy-pay insurance
Redundancy pay insurance take out privately: unlikely in the UK, though not impossible. Why? This is taken care of by a government agency called *National Insurance*.
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Note added at 2 days14 hrs (2008-11-30 23:18:53 GMT)
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Private insurance against unemployment in the UK takes the form only of 'living assurance' or 'dread diseases' medical insurance for the contingency of the assured/policy holder being taken out of circulation by e.g. a heart attack, stroke, accidental blindness etc.
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Note added at 2 days14 hrs (2008-11-30 23:18:53 GMT)
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Private insurance against unemployment in the UK takes the form only of 'living assurance' or 'dread diseases' medical insurance for the contingency of the assured/policy holder being taken out of circulation by e.g. a heart attack, stroke, accidental blindness etc.
Example sentence:
Your claims for a redundancy payment from the *National Insurance Fund*. 55. To qualify for a redundancy payment you must:. • have been made redundant; and ...
Note from asker:
| Great possibilty. But I gotta check if such a thing actually exists. |
4 KudoZ points awarded for this answer.
5 hrs
Cecelia Murphy
United States
United States
Native in English
United States
Arrive safely in English.
Native in: English
Works in: German to English, Swedish to English, French to English, and 2 more.
Related KudoZ points
:
12
severance pay insurance
When an employee is laid off, the company laying off is obliged to pay an amount equal to one month's salary (give or take a few).
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Note added at 5 hrs (2008-11-28 14:49:51 GMT)
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or 'insurance providing severance pay'
AVGÅNGSBIDRAG
SEVERANCE PAY (MANUAL WORKERS)
Compensation payable to manual workers who are made redundant or whose employment is terminated for reasons of ill health. There is no legislation on the matter in Sweden, but SAF member employers bound by collective agreements are under an obligation to take out labour market insurance for their manual worker employees, i.e. insurance providing severance pay, occupational group health insurance, occupational group life insurance and supplementary industrial injury insurance, which also covers white-collar workers. The eligibility criteria for severance pay vary according to age and reason for termination, as does the amount payable. The insurance is financed from employer contributions. Cf. severance pay (white-collar workers).
http://www.eurofound.europa.eu/emire/SWEDEN/ANCHOR-AVG-Acirc...
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Note added at 5 hrs (2008-11-28 14:56:39 GMT)
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_________
Also, to demonstrate that this is the proper UK use, note the spelling of 'labour' (not 'labor' as in US English) below (where AGB = AvGångsBidgrag):
Social and Occupational Security and Labour Market Flexibility in ...
The ****severance pay insurance, AGB,*** is an agreement-based insurance that covers blue-collar. workers within the sphere of agreement of the Confederation...
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1006195_code685066.pdf?abstractid=1006195&mirid=1
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Note added at 5 hrs (2008-11-28 14:49:51 GMT)
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or 'insurance providing severance pay'
AVGÅNGSBIDRAG
SEVERANCE PAY (MANUAL WORKERS)
Compensation payable to manual workers who are made redundant or whose employment is terminated for reasons of ill health. There is no legislation on the matter in Sweden, but SAF member employers bound by collective agreements are under an obligation to take out labour market insurance for their manual worker employees, i.e. insurance providing severance pay, occupational group health insurance, occupational group life insurance and supplementary industrial injury insurance, which also covers white-collar workers. The eligibility criteria for severance pay vary according to age and reason for termination, as does the amount payable. The insurance is financed from employer contributions. Cf. severance pay (white-collar workers).
http://www.eurofound.europa.eu/emire/SWEDEN/ANCHOR-AVG-Acirc...
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Note added at 5 hrs (2008-11-28 14:56:39 GMT)
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_________
Also, to demonstrate that this is the proper UK use, note the spelling of 'labour' (not 'labor' as in US English) below (where AGB = AvGångsBidgrag):
Social and Occupational Security and Labour Market Flexibility in ...
The ****severance pay insurance, AGB,*** is an agreement-based insurance that covers blue-collar. workers within the sphere of agreement of the Confederation...
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1006195_code685066.pdf?abstractid=1006195&mirid=1
Note from asker:
| Thanks too for all the info here. |
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