If the retirement system does not meet that definition, then mandatory Social Security coverage would apply to the rehired annuitant. Medicare coverage. Beneficiary or Contingent Annuitant under the SAG-Producers Pension Plan? Beneficiaries are only designated for pre-retirement death benefits or when a. FEDERAL ANNUITANT meaning: a past or present employee of the US government who receives a pension from them. Learn more. DEFINITIONS. Retired Annuitant. Retired Annuitants (RA), according to the California Department of Human Resources (CalHR), are “persons retired from a. What is the definition of annuitant and how do they differ from the annuity owner? We break it down in this blog post.
SIE: Annuitant. Taken from our Securities Industry Essentials Exam. Definition of the term Annuitant an individual entitled to receive benefits or payments. An 'annuitant' refers to the person on whose life an annuity contract is based. The annuitant is the individual who will receive the income payments from the. Definition of an Affected Annuitant: Sec of the Illinois Pension Code defines annuitant as "A person receiving a retirement, reversionary, survivors. An annuitant ensures a steady income stream for financial security in retirement. Annuities are often tied to employee pension plans or life insurance products. • See section A for the definition of the gross monthly annuity and section A for the definition of hours of basic pay. • If the full-time. annuitant” or your “optionee.” You might choose, for example, to have your contingent annuitant receive a lifetime benefit after your death that is equal to. Annuitant is an investor or a pension plan beneficiary who is entitled to receive the regular payments of a pension or an annuity. Primary Annuitant means the first individual, which may be either the institutionalized individual or his or her spouse, to receive payment from an annuity. Annuitants are by definition members of a protected class of employee (over 40 years old) and therefore efforts must be made to assure against the potential of. Any survivor who meets the definition of "family member" can continue his/her health benefits coverage under the deceased enrollment as long as any. There are two meanings listed in OED's entry for the word annuitant. See 'Meaning & use' for definitions, usage, and quotation evidence.
annuitant” within the meaning of subchapter III of chapter 83, chapter 84, or any other retirement system for employees of the Government, but for the fact. someone who receives an annuity (= a fixed amount of money paid to someone every year, usually until their death). An annuity is a contract that requires regular payments for more than one full year to the person entitled to receive the payments (annuitant). In probate law, an annuitant is entitled to regular monetary benefits of a pension or annuity investment. The annuitant is the owner of the annuity contract. An annuitant is a person who is entitled to receive benefits from an annuity. The payout benefits for an annuitant are based on the person's life expectancy. An annuitant is someone who invests in a pension plan or annuity and is entitled to receive regular payments from it. They are like a creditor, meaning they. the recipient of an annuity. see moresee less. type of: receiver, recipient. a person who receives something. Cite this entry. In some cases an annuity's owner, the person who receives the payments, is the same as the annuitant. A retiree can be an annuitant if they buy a retirement. Joint Annuitant refers to a second individual covered under an annuity, affecting payout options and duration. Understand its implications for retirement.
Define annuitant. annuitant synonyms, annuitant pronunciation, annuitant translation, English dictionary definition of annuitant. n. 1. Annuitants may change plans, options, or type of enrollment when they have a change in family status under the same conditions as an active employee (but an. annuitant is still alive after the minimum amount is paid. — refund annuity.: an annuity in which payments to the annuitant or to the annuitant's estate or. The FindLaw Legal Dictionary -- free access to over definitions of legal terms. Search for a definition or browse our legal glossaries. term: Annuitant. Annuitant is an individual named in the contract who is entitled to receive the income benefits from the annuity.
Annuitant Sentence Examples · This means the annuitant would need to be over 70 years of age given the current rate of annuity interest. · It assumes the.