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.
Sample 1Sample 2

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

  • Employment benefits means all benefits provided or made

  • 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.

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • employment zone means an area within Great Britain designated for the purposes of section 60 of the Welfare Reform and Pensions Act 1999 and an “employment zone programme” means a programme established for such an area or areas designed to assist claimants for a jobseeker’s allowance to obtain sustainable employment;

  • Date of Employment means: (i) in the case of an Employee whose employment commenced between the 1st and 15th days inclusive of any month, the 1st day of that calendar month; or (ii) in the case of an Employee whose employment commenced between the 16th and last days inclusive of any month, the 1st day of the following calendar month.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.