Translation of "Beitragssumme" in English

Fee Statistics: The fee sum to be expected is calculated.

The rate of the contributions to be paid is based on the volume of oil imported.

In France, the management costs of voluntary supplementary schemes are generally 4 % of contributions paid into the scheme.

The premium sum for new business in old-age provision amounted to EUR 570 million (EUR 630 million).

Although the upper limit for exemption from these directives, expressed in terms of annual contribution income in the last three years, is to be raised from the present EUR 500 000 to EUR 5 million, the provisions will not result in these associations being forced out of the market.

On the basis of that decision, the Commission shall calculate for each person referred to in paragraph 1 the amount of his contribution, on the basis of a fixed sum for each ton of contributing oil received by such persons.

There is a statutory requirement for all secondpillar schemes to use unisex actuarial factors; this ensures that women, despite their longer average life expectancy at the age of retirement, receive the same annuities as men for the same amount of contributions, implying a cross-subsidy from men to women.

Steeply increasing age-dependency ratios will negatively aect the fiscal stance by increasing spending needs and reducing the expected amount of contributions from the working-age population.

In the case of defined-contribution pension schemes, the commitment of the employer is limited to paying a certain amount of contributions into a savings scheme.

Employers, selfemployed workers, people not in work and persons voluntarily insured pay a contribution to the administrative costs of a maximum of 3% of the sum of contributions payable to the oldage and survivors’ compensation fund.

In 2019 the contribution amount is set at HUF 7,500 (EUR 23) per month (HUF 250 – EUR 0.77 – per day).

In the old-age provision area, MLP was able to increase the brokered premium sum of new business by around 13 percent to EUR 638.2 million (EUR 566.7 million), although revenue declined by 4 percent to EUR 33.7 million (EUR 35.2 million).

The acquisition cost ratio was 6.9 (6.6) percent of total premiums for new business, the administrative expense ratio stood at 3.6 (3.2) percent of total premiums.

At EUR 3,688.6 million, the premium sum of new business generated in the financial year was 6.2 percent above the previous year (2015: EUR 3,473.2 million), while growth in the overall market was just 1.5 percent.

MLP benefited from strong new business in the occupational pension provision, in which the premium sum of new business rose by 27 percent.

In the case of training complying with the conditions defined in Section 5 of Act CLV of 2011 on Vocational Training Contributions and Support for Training Development, given that the costs specified in a separate ministerial decree can be deducted, the business can decrease the amount of the contribution or claim back any contribution that was already paid.

In the old-age provision area, the brokered premium sum of new business increased by 5 percent to EUR 1,306.2 million (H1 2015: EUR 1,249.8 million) in the first six months of the year, although this figure has fallen by 2 percent in the market.

An important topic in client meetings is occupational pension provision, whose premium sum rose by 12 percent to EUR 361 million on a nine-month basis (September 30, 2017: EUR 323 million).

In the field of old-age provision, MLP increased the brokered premium sum of new business by 14 percent from EUR 3.62 billion to EUR 4.12 billion. This was well ahead of the market, which only recorded a five percent increase during the same period.

In the old-age provision field, the brokered premium sum of new business increased by 3 percent to EUR 2,076 million in the first nine months of the year (9M 2015: EUR 2,014 million).

The premium sum of new business increased by 6.2 percent in 2016 - in comparison with an average market increase of just 1.5 percent.