Commuted Value. The present value of an amount discounted at a rate of interest equal to the Current Rate of Interest plus 2%.
Appears in 4 contracts
Samples: Tax Deferred Group Annuity Contract (Mutual of America Separate Account No 2), Group Annuity Contract (Mutual of America Separate Account No 2), Group Annuity Contract Section 457 Deferred Compensation (Mutual of America Separate Account No 2)
