Employee annuity definition

Employee annuity means annual payments for life derived from the accumulated contributions of a member.
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Employee annuity means means annual payments for life derived from the accumulated contributions of a member.
Sample 1Sample 2Sample 3
Employee annuity means recurring payments to a retiree, not the account itself. In other words, a verb, not a noun.
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Examples of Employee annuity in a sentence

  • The Board will determine the amount of a private pension for any month which is attrib- utable to the employee’s contributions.§ 216.43 Effect of a supplemental annu- ity on other benefits.(a) Employee annuity.

  • In Marc2003, Rebar can be modeled using element type 146 of this FEM software.

  • The Board will determine the amount of a private pension for any month which is attributable to the employee’s contributions.§ 216.43 Effect of a supplemental annuity on other benefits.(a) Employee annuity.

  • The Former Spouse is assigned a pro rata share of any Employee annuity payments (commonly referred to as a monthlly pension) under the Federal Government retirement system (including cost-of-living adjustments and supplements), as described in 5 CFR section 838.621, which is 50% of the marital portion using a coverture fraction.

  • In accordance with college policy on the date of the salary reduction the amount of the salary reduction shall be: 1½% of annual salary (the amount that would otherwise be deducted from basic monthly salary) as the Employee annuity contribution to regular retirement plan.

Related to Employee annuity

  • 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.

  • Severance Date means the date on which an Executive incurs a Severance, which shall be the date of termination as determined under Section 5.2.