Glossary entry

Danish term or phrase:

Fritvalgskonto

English translation:

flexible spending account

Added to glossary by Charles Ek
Dec 22, 2011 01:18
12 yrs ago
26 viewers *
Danish term

Fritvalgskonto

Danish to English Bus/Financial Human Resources Lønspecifikation
Igen en del af en lønspecifikation:

Ferie fratræk
Fritvalgskonto Månedsløn, eksl. pension
IP-pension
etc...
Change log

Dec 26, 2011 15:52: Charles Ek Created KOG entry

Proposed translations

1 hr
Selected

flexible spending account

As in so many things, there's no direct counterpart outside Denmark that I can find. But I think my suggestion could work. The first link is a description of the Danish arrangement. The second link describes the "flexible spending account" arrangement in the U.S.
Peer comment(s):

agree Charlesp
8 hrs
disagree Andrew Swearingen : Based on the Wikipedia link, an FSA seems to be associated with health care. The fritvalgs lønkonto is for determining whether contributions should be used for extra days off while still working or to add extra funds to a retirement pension.
2597 days
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4 KudoZ points awarded for this answer. Comment: "Tak!"
-1
1 hr

free choice of wage account

free choice of wage account

source (explanation on page 5 of 66 pages)

Industriens Pensionsforsikring A/S
www.industrienspension.dk/industriens_pension_annual_report...
PDF/Adobe Acrobat - Quick View
They can do this through the new ***Fritvalgs Lønkonto (free choice of wage account)*** established in the collective agreement, or through individual payments. ...

full excerpt from above source:

Members will also be given the opportunity to pay in extra contributions to their pension scheme in 2008. They can do this through ***the new Fritvalgs Lønkonto (free choice of wage account) established in the collective agreement***, or through individual payments. As a new feature members can also transfer their SP savings with ATP to us.


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Note added at 1 hr (2011-12-22 02:22:26 GMT)
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the full above weblink:

Industriens Pensionsforsikring A/S
www.industrienspension.dk/***industriens_pension_annual_rep... 2007***...
PDF/Adobe Acrobat - Quick View
They can do this through the new ***Fritvalgs Lønkonto (free choice of wage account)*** established in the collective agreement, or through individual payments. ...


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Note added at 1 hr (2011-12-22 02:46:55 GMT)
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additional new explanatory source in Danish for Fritvalgs Lønkontoen (on page 110 of 115 pages):

Organisations-aftaler
www.tele12.dk/.../oganisationsaftaler_2007-2010... -
PDF/Adobe Acrobat - Quick View
ydes der et montagetillæg pr. 1.3.2007 på kr. 2,60. 1.3.2008 på kr. 2,65 ... og arbejdet ikke udføres i akkord, kan der optages forhandling om montagetillæg. ...

full excerpt from above source:

Protokollat - Fritvalgs Lønkonto
Parterne lægger til grund, at medarbejderens tilgodehavende
opsparing på ***Fritvalgs Lønkontoen*** er omfattet af garantien i lov om Lønmodtagernes Garantifond. Hvis dette ikke er tilfældet, forpligter Dansk Industri sig til at drage omsorg for, at
garantiforpligtelsen løses på anden måde.
Peer comment(s):

disagree Charlesp : I think you disagree too. Right concept, inappropriate term to describe it (even it can be found in usage).
8 hrs
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6 hrs

personal choice account

Kilde: Gyldendals Fagordbog online

Angiver også følgende: (DK) free choice account
Peer comment(s):

neutral Charlesp : huh? This may be a literal defination of the words, but does this have any meaning?
2 hrs
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4 days

Free choice account

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