Fachmann/Fachfrau für Personalvorsorge BP flashcards

30 cards. Read the term and the definition here. The deck at the top of this page is optional.

BVG-Obligatorium

The statutory minimum occupational-pension framework whose applicability and requirements must be distinguished from broader benefits offered by a particular institution.

Überobligatorium

Occupational coverage beyond statutory minimum requirements, governed by its applicable legal and plan conditions rather than unrestricted informal promises.

Umhüllende Vorsorge

An arrangement combining minimum and broader occupational provision within an overall plan, requiring the appropriate comparison with mandatory protection.

Versicherter Lohn

The salary base defined by the relevant law and plan for pension calculations, not automatically identical to gross or net payroll.

Koordination

The adjustment and relationship of pension coverage with the applicable bases and other provision, requiring the actual definition rather than an assumed universal deduction.

Freizügigkeitsleistung

The pension position associated with leaving an institution under its applicable framework, normally requiring proper transfer or preservation rather than unrestricted consumption.

Freizügigkeitseinrichtung

An institution used for preserving vested pension assets under applicable conditions when those assets are not held in a new employer’s pension institution.

WEF-Vorbezug

An advance use of pension funds for qualifying owner-occupied housing under its conditions, with possible consequences for future pension protection.

Verpfändung von Vorsorgeansprüchen

Use of pension rights as security within the permitted framework, distinct from an immediate advance withdrawal and not inherently free of enforcement risk.

Vorsorgeausgleich

The treatment of pension rights in divorce or the relevant partnership dissolution according to the applicable data, status and competent decision.

Risikobeitrag

A contribution financing defined insured risks under the plan, which is not necessarily credited as identical individual retirement savings capital.

Beitragsforderung

An assessed claim for contributions that must be distinguished from cash actually received and correctly allocated to the relevant period and pension records.

Periodenabgrenzung

Allocation of transactions to their relevant reporting periods, distinguished from assuming that service, billing, obligation and cash-payment dates are identical.

Technische Rückstellung

A provision supported by the relevant technical basis and purpose, not merely a freely chosen amount used to achieve a desired reported ratio.

Wertschwankungsreserve

A reserve associated with the institution’s investment fluctuation framework, whose purpose differs from technical provisions for pension-related obligations and risks.

Liquidität

Availability of usable funds when obligations are due, distinguished from accounting profit, an inventory valuation or an uncertain forecast of future receipts.

Risikofähigkeit

The institution’s capacity to bear adverse investment outcomes in light of financial resources, obligations, membership structure and expected cash flows.

Diversifikation

Distribution of underlying economic exposures rather than merely accumulating different product names that may all hold substantially overlapping investments.

Duration

An interest-rate sensitivity measure in the context used here, distinct from issuer creditworthiness, guaranteed holding period or an equity ownership percentage.

Währungsrisiko

The effect of exchange-rate movements on results measured in the pension institution’s base currency, even when an asset’s local price is unchanged.

Rebalancing

Adjustment of actual allocation under the approved strategy and rules after market movements or other changes, rather than treating price shifts as a new mandate.

Umwandlungssatz

A factor relating a specified capital base to an annual pension under its framework, distinct from credited interest or an assumed investment return.

Technischer Zinssatz

A valuation assumption used in the relevant actuarial framework, not automatically a promised portfolio return or an individual savings-credit rate.

Barwert

A value at the specified measurement date obtained from future payments using the stipulated timing, discount and other relevant assumptions.

Erwartungswert

A probability-weighted model average that should not be confused with the guaranteed outcome or maximum payment in every individual observed case.

Langlebigkeitsrisiko

The risk that pension payments continue longer than allowed for in relevant assumptions, affecting obligations without guaranteeing any individual lifespan.

Paritätisches Organ

The relevant governing body with employer and employee participation under the framework, requiring meaningful information and accountable decisions rather than mere signatures.

Revisionsstelle

The external audit role with defined examination duties, distinct from the pension expert’s actuarial assessment and not an investment-performance guarantor.

Experte für berufliche Vorsorge

The specifically qualified and authorized professional role for relevant actuarial assessment and advice, distinct from ordinary administration or the general occupational-pension certificate.

Oberaufsicht

System-level oversight of supervisory authorities within its defined remit, distinguished from everyday member administration and ordinary institution-level direct supervision.