defined benefit - a pension benefit that is determined in accordance with a formula
funded scheme - a plan providing for the systematic accumulation of the funds required to take care of the promised pensions
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FR: régime ? prestations définies financée par capitalisation [T50874]
DE: durch Kapitalansammlung finanzierte System mit feststehenden Leistungen; System mit Leistungszusage, die durch Kapitalansammlung finanziert werden [T50874]
FI: pääoman mukaan määräytyvien etuuksien järjestelmä; etuuksien mukaan määriteltyjä järjestelmiä, jotka rahoitetaan rahastoimalla varat [T50874]
... in its judgments in Case C-152/91 and Case C-200/91, the Court specifies that the contributions of male and female workers to a defined-benefit pension scheme must be the same, since they are covered by Article 119 of the Treaty, whereas inequality of employers' contributions paid under funded defined-benefit schemes, which is due to the use of actuarial factors differing according to sex, is not to be assessed in the light of that same provision ...
In the case of funded defined-benefit schemes, certain elements (examples of which are annexed) may be unequal where the inequality of the amounts results from the effects of the use of actuarial factors differing according to sex at the time when the scheme's funding is implemented ... Examples of elements which may be unequal, in respect of funded defined-benefit schemes, as referred to in Article 6 (h):
- conversion into a capital sum of part of a periodic pension,
- transfer of pension rights,
- a reversionary pension payable to a dependant in return for the surrender of part of a pension,
- a reduced pension where the worker opts to take early retirement.
... setting different levels for employers' contributions, except:
- in the case of defined-contribution schemes if the aim is to equalize the amount of the final benefits or to make them more nearly equal for both sexes,
- in the case of funded defined-benefit schemes where the employer's contributions are intended to ensure the adequacy of the funds necessary to cover the cost of the benefits defined ...
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