annuity plan definition

annuity plan means an annuity plan under the Scheme, pursuant to which the Board will pay a relevant member his monthly income under section 27K(6);
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annuity plan means the plan as set forth herein including any amendments thereto adopted after the Effective Date.
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annuity plan means the annuity product purchased by the APGPS subscriber upon retirement as specified in the rules framed under this Act;
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Examples of annuity plan in a sentence

  • The failure of an individual employer to comply with the applicable provisions of the National Electrical Annuity Plan Agreement and Trust shall also constitute a breach of his labor agreement.

  • The individual employer hereby accepts, and agrees to be bound by, the National Electrical Annuity Plan Agreement and Trust.

  • The individual Employer hereby accepts, and agrees to be bound by, the National Electrical Annuity Plan Agreement and Trust.

  • The terms of each such con- tract further provide that, ‘‘This contract may not be sold, assigned, discounted, or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose, to any person other than this company.’’ The annuity contracts of the P Employees’ Annuity Plan satisfy the re- quirements of section 401(g) and this section.

  • The P Employees’ Annuity Plan is a nontrusteed plan which is funded by in- dividual annuity contracts issued by the Y Insurance Company.

  • The Sygnia Retirement Annuity Plan is a section of the Sygnia Retirement Annuity, FSCA registration number 12/8/38101.

  • Teachers whose employment first commences after the 2000-2001 school year will have a one (1) year period before they are vested in the Matching Annuity Plan for any of the Board’s contribution.

  • The employer shall provide the Samaritan Health Services Tax-Sheltered Annuity Plan to employees covered by this collective bargaining agreement.

  • The Bank contributes to the Annuity Plan based on certain percentages of the employees’ gross salaries.

  • All employees may elect to contribute a portion of their salary to the defined contribution plan, also known as the Matched Annuity Plan (MAP).

Related to annuity plan

  • 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.

  • 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.

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

  • Normal Retirement Benefit means an annual benefit payment in the amount of Sixty Four Thousand Two Hundred and Fifty Six dollars ($64,256) for a period of Fifteen (15) years.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • 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;