Annuity. 24.1 If the policy schedule states that the insured amount is a surviving dependant's annuity within the meaning of Section 3.125(1)(b) of the Income Tax Act 2001, this article shall apply.
a. The entitlement to an annuity payment cannot be surrendered, disposed of, divulged or used as security and, in general, no legal action can be taken with regard to this insurance that may lead the tax authorities to take back the premium deduction they received for this insurance in the past.
b. The insurer shall be held liable by law for the payment of the wage and income tax and revision interest owed by the policyholder or the person entitled to an annuity as soon as a circumstance referred to under point a arises.
c. The insurer will then be entitled to set off the amount of the maximum wage and income tax and revision interest due against the value of the insured annuity(s), irrespective of whether these are paid out or not.
Annuity. Payment of an income:
(a) For the life of one or two persons; (b) For a stated period; or (c) For some combination of (a) and (b).
Annuity. The District participates in the State of Iowa 403 B Plan. All employees are eligible to participate on a voluntary basis.
Annuity. A series of payments We make for life, a definite period or a combination of the two.
Annuity. The Board of School Trustees agrees to establish and make available to members of the bargaining unit a 403(b) plan as approved by the Board on November 23, 2008. By adopting a 403(b) plan the Lafayette School Corporation (LSC) assumes only those responsibilities required of a non-ERISA plan sponsor. The Lafayette School Corporation does not assume any responsibility or liability for the success or failure of the performance of individual participants’ investment selections. The LEA and the LSC agree to establish a committee of ten (10) people, five (5) appointed by the LEA and five
Annuity. The Board shall allow a teacher to enroll in a tax-deferred annuity plan through payroll deduction, pursuant to section 403(b) of the Internal Revenue Code, as amended. (Said plan to be in accordance with the underwriting carrier's rules and regulations.)
Annuity. The National Elevator Industry 401(k) Retirement Plan shall have a provision added to enable the Plan to accept annuity contributions and shall be known as the Elevator Constructors Annuity and 401(k)
Annuity. Unless you designate another Payee, you will be the Payee of the Annuity Payments. The Adjusted Contract Value will be applied to the applicable Annuity Table contained in this Contract based upon the Annuity Option you have selected. The amount of the first payment for each $1,000 of Adjusted Contract Value is shown in the Annuity Tables. If when Annuity Payments begin we are using tables of annuity rates for these Contracts which result in larger Annuity Payments, we will use those tables instead. Annuity Payments will depend on the age and sex of the Annuitant, where permitted.
Annuity. Payment of an income:
(a) For the life of one or two persons;
(b) For a stated period; or
(c) For some combination of (a) and (b).
Annuity. Distribution of an Annuity Contract that the Vendor provides or purchases with the Participant’s Vested Account Balance.
