Glossary beginning with S

Click one of the letters above to go to the page of all terms beginning with that letter.
a b c d e f g h i j k l m n o p q r s t u v w x y z
S
Service value
The value of the point used to calculate the RAFP pension.
Share
Negotiable security that gives its owner fractional ownership of a company and certain rights: to oversee and control management, to receive a share of the distributed profit (dividend). 
SRI
Socially Responsible Investing is an approach aimed at integrating environmental, social and/or governance criteria in investment decisions and portfolio management.
Supernumerary accounts
Cases in which a pension is changed from a lump-sum payment to annuities following an adjustment. These apply to retirees who received a lump sum on provisional liquidation of their rights and who exceed the threshold of 5,125 points following the adjustment of their individual retirement account and therefore qualify for annuities.
In such cases, the amount due is entered in a special account and the annual annuities are deducted from the relevant amount (terms used by actuaries).
Survivor’s pension
Payment to a deceased beneficiary’s surviving spouse or ex-spouse(s) who has (have) not remarried or to the beneficiary’s orphans below the age of 21 (before or after the beneficiary retires) of part of his pension.
Sustainable development
The Brundtland Report, published in 1987 by the UN World Commission on the Environment and Development, defined sustainable development as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”