Annuity account definition

Annuity account or "annuity" means an account established for each member to record the deposit of member contributions and employer contributions and interest, dividends, or other accumulations credited on behalf of the member.

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Annuity account or "annuity" means an account established for each member to record

Annuity account means an account that is established for each

Examples of Annuity account in a sentence

• The School Corporation will contribute annually to an administrator’s 401(a) account up to a maximum of two percent (2%) of the administrator’s annual salary, rounded to the nearest $100, that is deposited into his/her 403(b) Tax Sheltered Annuity account.

• Upon receipt of the notification from the employee of the intent to retire, the District shall forward all paperwork for establishing a Section 403(b) IRC Tax Sheltered Annuity account if necessary.

• Unit members who have completed fifteen plus years of service in the District shall be entitled to a non-elective direct employer contribution into their Section 403(b) I.R.C. Tax Sheltered Annuity account in the amount of $2,000.00 immediately following their anniversary date of employment.

• Unit members who have completed ten-fourteen years of service in the District shall be entitled to a non-elective direct employer contribution into their Section 403(b) I.R.C. Tax Sheltered Annuity account in the amount of $1,750.00 immediately following their anniversary date of employment.

• The equitable shares in the proceeds of the Variable Annuity account shall be transferred by the Company to its regular non-participating department, and applied to provide fixed annuities to all retired Participants, in the same form, and on the same actuarial reserve bases as the Variable Annuities then in effect for the retired Participants.

More Definitions of Annuity account

Annuity account means the account to which all amounts meant to purchase annuities and all amounts determined under sub-regulation (3) of regulation 3 shall be credited, and to which all payments, charges and expenses in accordance with sub-regulation (4) of regulation 3 shall be debited;

Annuity account means an account that is established for each participant to record the deposit of participant contributions, employer contributions and interest, dividends or other accumulations credited on behalf of the participant.

Annuity account or “annuity” means an account

Annuity account means the segregated investment account maintained by the Debtor into which the actuarial value of the Annuity Claims are maintained, which contained

Annuity account means the segregated investment account maintained by the

Annuity account means the account established for each Participant pursuant to the Plan.

Annuity account means a Participant’s account credited with non- elective employer contributions, adjustments for withdrawals and distributions, and the earnings, losses and expenses attributable thereto;