Deferred Annuitant definition

Deferred Annuitant means a person identified in the annuity schedule that has not yet elected to receive annuity payments.
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Deferred Annuitant means a person that has not yet elected to receive annuity payments.
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Deferred Annuitant means an Annuitant who is reported by the Contractholder to not be in pay status under the Plan as of the Liability Assumption Date.
Sample 1

Examples of Deferred Annuitant in a sentence

  • MetLife must receive validly completed election forms from a Deferred Annuitant before commencing payment of an Annuity.

  • MetLife will pay an actuarially equivalent lump sum payment to a Deferred Annuitant listed in Schedule I under [Form A, Part 4] in lieu of monthly Annuity payments if the present value of the Annuity payment is $5,000 or less on the Annuity Commencement Date.

  • The Annuity Commencement Date for such Deferred Annuitant will be the first day of the month following the Deferred Annuitant’s termination of employment.

  • A Deferred Annuitant may elect at the time and in the manner prescribed by MetLife to have any portion of an eligible rollover distribution (within the meaning of Section 402(f)(2)(A) of the Internal Revenue Code) paid directly to an eligible retirement plan described in Section 402(c)(8)(B) of the Internal Revenue Code that is specified by the Deferred Annuitant by means of a direct transfer or direct rollover under Section 401(a)(31) of the Internal Revenue Code.

  • Each Deferred Annuitant listed under [Form A, Part 4(e)] is the surviving spouse of a deceased Plan participant who died after his or her Normal Commencement Date and before the Liability Assumption Date.

  • If a Deferred Annuitant listed in Schedule I under [Form A, Part 2(b), Part 2(c), Part 3(e) or Part 3(g)] dies before he or she made a valid election to commence Annuity payments and the Deferred Annuitant does not have a Spouse on his or her date of death, but the Deferred Annuitant has a Domestic Partner, then his or her Domestic Partner will receive a Pre-retirement Survivor Annuity payable as a Life Annuity following the Deferred Annuitant’s death.

  • MetLife must receive validly completed election forms from a Deferred Annuitant before commencing payment of an Annuity, but a Late Commencement Date will be subject to the provisions of Section 401(a)(9) of the Internal Revenue Code.

  • In order to make such election, the Deferred Annuitant must waive his or her normal form of annuity.

  • The Life Annuity payable to such surviving Domestic Partner will be 50% of the Annuity payment that the Deferred Annuitant would have received had the Deferred Annuitant elected to commence Annuity payments on the first day of the month following his or her date of death as a 50% Joint and Survivor Annuity with the Domestic Partner as the Survivor Annuitant.

  • The monthly Annuity payment to the Deferred Annuitant will be actuarially increased from the Normal Commencement Date to the Earliest Retirement Date shown in Schedule I.


More Definitions of Deferred Annuitant

Deferred Annuitant means each person entitled in anticipation to an annuity under the Scheme and which at the request of the Trustees has been secured under this Policy.
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Related to Deferred Annuitant

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • Contingent Annuitant is the natural person who becomes the Annuitant if the Annuitant dies prior to the Income Date.

  • Joint Annuitant means the individual specified as such in the Data Pages. The Joint Annuitant must be the spouse of the Annuitant on the Contract Date.

  • Annuitant means a person who receives a retirement allowance or a disability allowance;

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.