Period certain and life annuity definition

Period certain and life annuity means an optional form of retirement benefits described in A.R.S. § 38-760(B)(2).
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Period certain and life annuity means an optional form of retirement benefits described at A.R.S. § 38-760(B).
Sample 1Sample 2Sample 3
Period certain and life annuity means an optional form of retirement benefits described at in A.R.S. § 38- 760(B).38-760(B)(2).
Sample 1Sample 2Sample 3

More Definitions of Period certain and life annuity

Period certain and life annuity means an optional form of retirement benefits
Sample 1
Period certain and life annuity and "Single-Life Annuity" to read in their entirety as follows:
Sample 1
Period certain and life annuity means the payment of a reduced monthly benefit to the Participant for his or her life, and if the Participant dies within a period of 60 or 120 months (whichever is elected by the Participant) after benefit payments commence, payment of such reduced benefit will be continued in the same amount to the Beneficiary designated by the Participant for the balance of the 60 or 120 months, as applicable. Such benefit shall be the Actuarial Equivalent of the Participant's Retirement Benefit. ...
Sample 1
Period certain and life annuity means a benefit payable in equal monthly installments to the Participant for his lifetime. If the Participant's death occurs on or after the expiration of the period certain, no further benefits will be payable. If, however, the Participant's death occurs before the expiration of the period certain, equal monthly installments in the same amount as paid to the Participant prior to his death will be paid to his designated Beneficiary. In the event neither the Participant nor the designated Beneficiary survive to the end of said period certain, a final lump sum distribution equal to the commuted value of any installments shall be made to the estate of the last to die of (A) the Participant and (B)
Sample 1

Related to Period certain and life annuity

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • Single Life Annuity means an annuity payable for the life of a Participant.

  • Variable Annuity An Annuity with payments that vary with the net investment results of one or more Funds under the Separate Account.

  • retirement annuity contract means a contract or scheme approved under Chapter III of Part XIV of the Income and Corporation Taxes Act 1988;

  • 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 Starting Date means, with respect to any Participant, the first day of the first period for which an amount is paid as an annuity, or, in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitles the Participant to such benefit.

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Special Enrollment Period means a period of time allowed under this Plan, other than the eligible person’s Initial Enrollment Period or an Open Enrollment Period, during which an eligible person can request coverage under this Plan as a result of certain events that create special enrollment rights.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Group Annuity Contract means a master contract providing annuities to a group of persons under a single con- tract.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • ANNUITY DATE The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY OPTIONS: Options available for Annuity Payments.

  • Qualified Preretirement Survivor Annuity means an annuity which is payable for the life of the Participant's surviving spouse.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Starting Date means the date referred to in Clause 3.3 hereof;

  • Annuity Payments The series of payments made to the Owner or any named payee after the Annuity Date under the Annuity Option selected. ANNUITY PERIOD: The period of time beginning with the Annuity Date during which Annuity Payments are made.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Annuity Commencement Date means the first day of any month upon which an annuity begins under the Contract. However, for any Participant, this date shall not be later than the required beginning date as defined in the applicable sections of the Code and Regulations issued thereunder.

  • 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.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.