term pension premium help what is
Meaning of premium pension. What is it: following properties (as at 2006): - State subsidy of 8.5.

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Definition premium pension

PREMIUM PENSION title: premium pension (FS-PM) (SAP Library - Glossary)
PREMIUM PENSION category: Policy Management (FS-PM)
PREMIUM PENSION explained:

A state subsidized pension in Austria, which has the following properties (as at 2006):

- State subsidy of 8.5% up to a yearly savings total of 2,066 EUR in 2006

- 100% guarantee on capital saved and subsidy for annuitization and capital disbursement while receiving a state pension

- Life-long tax-exempt annuity

- Surviving dependent's pension

More terms such as premium pension in Dictionary P.

Manual Policy Product Model:
Help formation of contract elements, which the policyholder can select when purchasing a sales product. The contract model enables the instancing of contract elements from the product elements (from premium pension definition.
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