Retirement Annuity

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Retirement Annuity

An annuity one purchases to provide for oneself in retirement. In general, one purchases a retirement annuity well before retirement and makes contributions to it throughout one's working life. The contributions are invested on behalf of the annuitant, who begins to receive payments from the annuity after retirement. Many retirement annuities (especially those sponsored by an employer) are tax-deferred, meaning that the annuitant does not pay taxes on the funds in the pension until he/she begins making withdrawals. Annuities may have defined contributions, defined benefits, or both. See also: 401(k), IRA.
References in periodicals archive ?
Belazu pastes: Belazu Ingredient Co has added three cooking pastes: Apricot Harissa, Smokey Harissa and Shawarma Paste (rsp: PS4.35/170g).
With one seat in the Assembly, the RSP is a junior ally of the ruling BJP in Maharashtra.
P Ubesiriwardana RSP USP CR Lieutenant Colonel B.N Madanayake RWP RSP GW Lieutenant Colonel T.
The total maximum amount of share awards payable under the 2019-2021 RSP is 20,000 Kesko B shares.
Debt/EBITDA, excluding the RSP Permian transaction, is estimated to be approximately 1.0x and 0.9x in 2018 and 2019, respectively.
An essential element of this idea is a partnership between RSPs and FIs.
The development is just the latest in the track record of RSP, which stretches back to 1956, when Raglan Squire and his partners set up a branch of his English practice, Raglan Squire & Partners, in Singapore.
The once-legendary Revolutionary Socialist Party (RSP) with its stronghold in Kollam district and the newly formed Democratic Kerala Congress (DKC) were decimated, with all candidates of both parties biting the dust.
In The ASEAN Regional Security Partnership: Strengths and Limits of a Cooperative System, Angela Pennisi di Floristella contributes to the theoretical discussion of the Association of Southeast Asian Nations (ASEAN) by introducing and developing the concept of ASEAN as a "regional security partnership" (RSP).
On 16 September, members of the 1,300-strong elite presidential guard, the Regiment de Securite Presidentielle (RSP), seized acting President Michel Kafando, Prime Minister Yacouba Isaac Zida and several other Government ministers in an attempted coup.