Annuity definition

Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

Annuity means an annuity that is an insurance product under State law that is individually solicited, whether the product is classified as an individual or group annuity.

Annuity means an agreement to make periodical payments for a period certain or

Examples of Annuity in a sentence

• Furthermore, the Board also agrees to pay the Superintendent’s required membership contributions (hereafter referred to as the “pick- up”) as a Board-paid fringe benefit, based on the base salary and all other “compensation” under Ohio Revised Code (“ORC”) §3307.01, including, but not limited to, Medicare and Performance Annuity amounts.

• The Employer will continue to provide a Salary Deductions Tax Sheltered Annuity Program.

• The National Association of Insurance Commissioners (NAIC) has recommended the use of the 2012 Individual Annuity Reserving Table (2012 IAR) for commercial and gift annuities issued after January 1, 2015.

• All full-time employees who have completed at least two (2) years of full-time continuous service to the School District are eligible to participate in a Tax-Sheltered Annuity (TSA) or 403B matching plan.

• In place of the standard form may choose to have benefit paid in the following optional Life Annuity This optional form provides an increased retirement benefit payable monthly for so long as the pensioner lives after retirement with no continuation of payments after death.

More Definitions of Annuity

Annuity means payments for life derived from contributions made by a contributor and paid from the annuity and pension reserve fund as provided in this chapter. All annuities shall be paid in twelve equal monthly installments.

Annuity means payments for life derived from accumulated

Annuity means the moneys payable per year during life by

Annuity means payments for life derived from contributions made by a member as provided

Annuity means an agreement to make periodical payments for a period certain or over the lifetime of one or more individuals if the making or continuance of all or some of the series of the payments, or the amount of the payment, is dependent upon the continuance of human life.

Annuity means payments for life derived from the

Annuity means monthly payments derived from member contributions.