SmartPension specific terms

Question 1

What is voluntary benefit group?

Answer 1

voluntary - добровольная, членство в этой группе не является обязательным условием для приема на работу.

Question 2

What is automatic benefit group?

Answer 2

automatic - автоматическая, ты не можешь устроиться на работу не вступив в эту группу.

Question 3

What is Eligibility condition?

Answer 3

(Условие приемлемости) Что-то в духе ты можешь присоединиться к этому пенсионнаму плану при соблюдении определенных условий.

Question 4

What is the connection between Company and Fund?

Answer 4

Fund Set has many Companies
Fund Set has many available_fund
Fund has many available_fund

AvailableFund is a middle table between Fund Set and Fund

Question 5

What is AVC contribution?

Answer 5

AVC - Additional Valontury Contribution

Question 6

What is Fund?

Answer 6

A collection of investments e.g. shares, bonds, property. Funds can be bought or sold by providing a number of fund units to buy or sell. They can also be bought or sold by providing the amount of money to be invested or disinvested. Funds are identified using an ISIN (International Securities Identification Number).

Question 7

What is Fund Set?

Answer 7

A group of funds that are available to a particular company.