municipal area means the area of jurisdiction of the municipality demarcated in terms of the Local Government: Municipal Demarcation Act 1998 (Act No 27 of 1998);
life annuity means “life annuity contract” as defined in Pension Legislation that conforms with the Act and Pension Legislation;
Municipal Act means the Municipal Act, 2001, S.O. 2001, c. 25, as amended;
Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.
Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.
Eligible municipality means any of the following:
metropolitan municipality means a municipality that has exclusive executive and legislative authority in its area, and which is described in section 155 (1) of the Constitution as a category A municipality;
Retirement Benefit means the benefit set forth in Article 5.