Retirement annuity definition

Retirement annuity means a retirement annuity payable under a registered annuity contract;
Retirement annuity means any annuity payable under
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 reduced 1/2 of 1% for each month under age 60.

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

  • The monthly Railroad Retirement annuity or Social Security annuity shall be computed as of the actual retirement date, the commencement date of last Disability Service not followed by a return to active service, or the date of final termination of service prior to age 60, whichever is earliest.

  • The monthly Railroad Retirement annuity shall mean the monthly annuity payable under the Railroad Retirement Act computed on the basis of total railroad service multiplied by a fraction, the numerator of which is the total months of Creditable Service and the denominator of which is such total railroad service.

  • 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.


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.