The periodic payment
to the beneficiary may not exceed a specified percentage of the hypothetical periodic payment
the participant would have received had he or she survived and elected to commence payments on the beneficiary's actual annuity starting date.
Distributions that are part of a qualified series of substantially equal periodic payments
(SEPPs) made annually to the IRA owner are also exempt from the penalty.
With a 401(k) Contribution Loan, the employee borrower receives periodic payments
from a lender to replenish the salary reduction that comes with participating in his or her 401(k) plan.
For potential early retirees, the substantially equal periodic payment
exception may provide funding.
Any modification in payments before the participant reaches age 59 1/2, or within five years of the date of the first payment (even if the participant has reached age 59 1/2), other than because of the participant's death or disability, voids the periodic payment
- the frequency of the periodic payment
: the state of bathing water is assessed annually on the basis of a report drawn up by the Member State and communicated to the Commission.
In addition, this ruling provides guidance on what constitutes a reasonable interest rate to determine payments which satisfy the substantially equal periodic payment
The Sukuk has a maturity span of seven years with a put option on year three with zero periodic payment
Annuity--An annuity is a contract between an insurance company and an individual that generally guarantees lifetime income to the individual whose life the contract is based upon in return for either a lump sum or periodic payment
to the insurance company.
The transaction calls for Verizon to purchase a group annuity contract from Prudential to satisfy periodic payment
obligations to Verizon retirees under the plan; and for Prudential to assume responsibility for the payments.
* Form 656-PPV, Periodic Payment
Voucher, a removable form designed to be used to remit the required TIPRA payments to the IRS while the offer is under investigation; and