Retirement annuity definition

Retirement annuity means any annuity payable under

Retirement annuity means a retirement annuity payable under a registered annuity contract;

Retirement annuity means the payments made by the fund to a member after retirement, these payments beginning on the first or fifteenth day of the month following eligibility for a benefit.

Examples of Retirement annuity in a sentence

• Retirement annuity Your retirement benefit will be provided for your lifetime.EligibilityTier 2 requires teachers and administrators to be67 years old and have accumulated at least 10 years of service credit in order to qualify for unreduced bene- fits that a member has earned.To be eligible for a TRS retirement annuity, the Illinois Pension Code requires you to terminate active ser- vice as a teacher.

• This may form part of a life insurance policy.2.2 Retirement annuity (RA) A retirement annuity (RA) is a long-term method of saving for your retirement to ensure you have enough income in retirement to enjoy a comfortable life.

• Retirement annuity funds largely exist for separate individuals seeking to fund their own retirement.

• Retirement annuity Your retirement benefit will be provided for your lifetime.EligibilityTier II requires teachers and administrators to be67 years old and have accumulated at least 10 years of service credit in order to qualify for nonreduced bene- fits that a member has earned.To be eligible for a TRS retirement annuity, the Illinois Pension Code requires you to terminate active ser- vice as a teacher.

• The following amounts may be deducted from remuneration before employees’ tax is calculated:• Pension or provident fund contributions• Retirement annuity fund contributions• So much of any donation made by the employer on behalf of the employee as does not exceed 5% of that remuneration after taking into account the above allowable deductions.

More Definitions of Retirement annuity

Retirement annuity means: (a) in the case of Australia, a superannuation annuity payment within the meaning of the taxation laws of Australia; (b) in the case of Samoa, a superannuation annuity payment; and (c) any other similar periodic payment agreed upon by the competent authorities.

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.