Joint & survivor definition

Joint & survivor means the annuity option described in A.R.S. § 38-760(B)(1).
Joint & survivor means the annuity option described in

Examples of Joint & survivor in a sentence

  • The most common forms of annuity are:• Single life – Under a single life annuity, you receive payments for the re- mainder of your life and payments cease upon your death (paid for one life);• Joint & survivor – Annuity payments continue for your life and your surviv- ing spouse’s life (paid for two lives).

  • Optional Forms: Joint & survivor 60% - 0 years guarantee Joint & survivor 60% 10 years guarantee (pension reduction of approximately 2%) Joint & survivor 60% 15 years guarantee (Pension reduction of approximately 5%) Joint & survivor 100% with 0, 5, 10 or 15-year guarantee period (pension reduction of approximately 15%) Note: There is only one choice at retirement.

Related to Joint & survivor

  • Survivor s Option' means, where applicable, the right of a holder of a Note to require the Company to repay such Note prior to its Stated Maturity upon the death of the owner of such Note, subject to the provisions hereof relating to such option."

  • Eligible Survivor means the Insured Employee's:

  • Joint and Survivor Annuity means an immediate annuity for the life of a Participant with a survivor annuity for the life of the Participant's Spouse which is not less than fifty percent (50%), nor more than one hundred percent (100%) of the amount of the annuity payable during the joint lives of the Participant and the Participant's Spouse which can be purchased with the Participant's Vested interest in the Plan reduced by any outstanding loan balances pursuant to Section 7.4.

  • 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.

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

  • Spouse means, an individual who,

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

  • Qualified beneficiary means a beneficiary who, on the date the beneficiary's qualification is determined:

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

  • Domestic Partner means an opposite or a same-sex partner who is at least 18 years of age and has met all of the following requirements for at least 6 months:

  • Designated Beneficiary means the beneficiary or beneficiaries the Participant designates, in a manner the Administrator determines, to receive amounts due or exercise the Participant’s rights if the Participant dies or becomes incapacitated. Without a Participant’s effective designation, “Designated Beneficiary” will mean the Participant’s estate.

  • Distributee means an Employee or former Employee. In addition, the Employee's or former Employee's surviving spouse and the Employee's spouse or former spouse who is the alternate payee under a Qualified Domestic Relations Order are considered Distributees with regard to the interest of the spouse or former spouse.

  • Former Spouse means the individual who is considered by Applicable Laws to be the Annuitant’s former spouse or common-law partner;

  • Drug-dependent person means a person who is using a

  • (1) ELIGIBLE ENTITY.—The term eligible entity’ means—

  • Domestic partners means two adults who have registered as

  • additional spouse means a spouse by the party to the marriage who is additional to the party to the marriage;

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Eligible Spouse means a spouse of an Eligible Retiree who satisfies the requirements for eligibility described in the Eligibility section of this document, or an ex-spouse who is an Eligible Spouse with rights to coverage as an Eligible Spouse pursuant to a court order recognized by SHARP. A Spouse must be married to retiree at least one year prior to the effective date of retirement. A Spouse married after the retiree’s effective retirement date is considered a non-eligible spouse for purposes of the Plan. [See “Spouse”]

  • Domestic partnership means an association of two or more persons to carry on as co-owners a

  • Dependent person means a person who cannot demonstrate financial independence from parents or persons other than a spouse and who does not meet the criteria for independence established in Section 5 of this administrative regulation.