Retirement income account definition

Retirement income account means an account kept under regulation 178;

Retirement income account means a defined contribution program established or maintained by a church-related organization to provide benefits under section 403(b) for its employees or their beneficiaries as described in §1.403(b)-9.

Retirement income account means a defined contribution program estab- lished or maintained by a church-re- lated organization to provide benefits under section 403(b) for its employees or their beneficiaries as described in§ 1.403(b)–9.

Examples of Retirement income account in a sentence

• Under section 403(b)(9), a retirement income account for employees of a church-related organization (as defined in § 1.403(b)–2) is treated as an annuity contract for purposes of §§ 1.403(b)–1 through 1.403(b)–8, this section,§ 1.403(b)–10 and § 1.403(b)–11.(2) Retirement income account defined—(i) In general.

• Under section 403(b)(9), a retirement income account for employees of a church-related organization (as defined in §1.403(b)–2) is treated as an annuity contract for purposes of §§1.403(b)–1 through 1.403(b)–11.(2) Retirement income account de- fined—(i) In general.

• Retirement income account for 68% of the total income of retirees in Kenya,45% in Australia ,45% in Asia and 80% in France while South Africa 75% f the elderly population relay on pension income Alliance Global Investments (2007).In Kenya, pension assets account for 30% of countries GDP.

• Under section 403(b)(9), a retirement income account for employees of a church-related organization (as defined in§1.403(b)–2) is treated as an annuity con- tract for purposes of §§1.403(b)–1 through 1.403(b)–8, this section, §1.403(b)–10 and§1.403(b)–11.(2) Retirement income account de- fined—(i) In general.

• Retirement income accountI declare that:• I have reached my preservation age and permanently retired, OR OR• I have stopped working for an employer on or after the date I reached 60 years of age, OR• I am 65 years of age or older.I would like to open aTransition to retirement income account (TTR)I declare that:• I have reached my preservation age and am not retiredNote: Let us know when you meet the conditions above, and your account will become a Retirement income account.

• Multiple accountsIf you have more than one account (for example, a Retirement income account and an Accumulation account) we may require you to specify exactly how much is being split from which product.

More Definitions of Retirement income account

Retirement income account means the record of amounts attributable to non-elective retirement income contributions made by Participating Employers on behalf of eligible Participants pursuant to Section 4.7 on or after January 1, 2009, together with Trust earnings with respect thereto.The various Accounts shall be maintained as separate bookkeeping records but, with the exception of that portion of the Accounts invested in the 3M Stock Fund, assets in such Accounts may, for investment purposes, be commingled, invested and administered as a single fund (except as may be specifically provided herein to the contrary).

Retirement income account means a defined contribution program established or maintained by a church, or a convention or association of churches, including an organization described in section 414(e)(3)(A) of the Internal Revenue Code, to provide benefits under section 403(b) of the Code for its Employees (including an employee described in section 414(e)(3)(B) of the Code) or their Beneficiaries as described in section 403(b)(9) of the Code.

Retirement income account means a defined contribution program established or maintained by a church, or a convention or association of churches, including an organization described in Code section 414(e)(3)(A), to provide benefits under Code section 403(b) for its employees or their beneficiaries as described in section 1.403(b)-9 of the Treasury Regulations.‌

Retirement income account means the individual account maintained for each Participant reflecting all amounts credited to such Participant under the Retirement Income Plan, as adjusted for Investment Adjustments thereon and any distributions.

Retirement income account means the record maintained on the books of the Company to reflect amounts credited pursuant to Section 2.1 and earnings thereon.