Examples of Retirement annuity in a sentence

If a Beneficiary dies after having become entitled to receive Retirement Annuity payments, any remainder of such payments will, unless otherwise provided by the Participant, be commuted and paid in one sum to the executor or administrator of the Beneficiary.
A Participant who is retiring early shall be entitled to receive an annual Retirement Annuity from and after the date of such early retirement.
Any such commutation will be made at the rate of interest, compounded annually, used in computing the annuity purchase liability or the premium paid for the Retirement Annuity.
Retirement Annuity is credited in a yearly amount equivalent to the total payment that would be made during one year in monthly installments commencing on the Annuity Commencement Date for such Retirement Annuity.
The amount of such annual Retirement Annuity will be computed in accordance with Section 25.27 of this Article based on the Retirement Annuity accrued to his/her Early Retirement Date reduced actuarially if the Retirement Annuity is to commence prior to his/her Normal Retirement Date in accordance with the terms of GR-3019.

More Definitions of Retirement annuity

Retirement annuity means a series of monthly payments to which a former or retired member of a public pension plan is entitled due to attaining a specified age and acquiring credit for a specified period of service, which includes a retirement annuity, retirement allowance, or service pension.

Retirement annuity means the payments made by the fund to a member after

Retirement annuity means the payments made pursuant to Section 4a., b. or d. of the Plan to retired Members or their beneficiaries.

Retirement annuity means the service, disability, or survivor benefit paid under this subtitle in the form of an annuity.

Retirement annuity means a periodical payment under a retirement annuity contract.

Retirement annuity means the amount of the annuity purchased under the Group Annuity Contract as provided by that Contract at actual retirement date, at or after the attainment of age 65, prior to any conversion to a contingent annuity.

Retirement annuity means a series of income payments that may be provided under this Plan. Retirement Annuity is credited in a yearly amount equivalent to the total payment that would be made during one year in monthly installments commencing on the Annuity Commencement Date for such Retirement Annuity.