Deferred Group Annuity,
Definition of Deferred Group Annuity:
A pension plan in which an annual payment is made to each employee. This benefit is paid as monthly retirement income.
Deferred Group Annuity means, The group pension type, which arranges the annual purchase of the deferred pension for each member of the group, is the sum of the deferred pension to the total amount received by the participant at the time of retirement.
Literal Meanings of Deferred Group Annuity
Meanings of Deferred:
Moving motion (an action or event)
Submit or confirm credit.
Sentences of Deferred
He postponed the decision until February
Trust the team's superior knowledge
Synonyms of Deferred
knuckle under, delay, submit, give way, capitulate, carry over, put off, bow, postpone, give in, surrender, hold over, accede, adjourn, hold off, put back, yield, acquiesce
Meanings of Group:
Collect or keep in groups or groups.
Multiple people or nearby objects either seen or arranged together.
Sentences of Group
There were three wooden chairs around the dining table
These bodies are divided into four different groups
Synonyms of Group
cluster, classification, mass, collect, set, sort, species, assemble, category, family, variety, genus, bracket, amass, style, grouping, lot, bunch, batch, gather together, type, breed, clump, kind, class
Meanings of Annuity:
Usually a certain amount of money is paid to someone for life every year.
A type of insurance or investment that entitles the investor to a certain amount of money annually.
Sentences of Annuity
Until 1999, the only option for retirees was an annual, fixed income for life.
If investors want to invest most of their savings fast, they must invest in an annual amount.
Equity will first have to come up with an initial proposal to buy expensive pension insurance, which society can no longer afford.
If they want to save, they can decide before they retire whether to spend money or buy annually.
Fixed annual administration fees typically receive ڈالر 30 per year.
When they retire, savers can choose a fixed or variable pension.
When you get your tax-free capital tax refund, you usually need to make an annual purchase with the remaining funds.
There may be a fixed rate on tax-exempt benefits or a variable product with sub-accounts.
Beneficiaries can often convert an annual amount into an annual amount, but they will ignore the reduction in health, for example.
Pensions on which retirees buy fixed income may also vary.
He said the money would be used for old age pensions, which are annual sums and lump sums.
Synonyms of Annuity
subsistence, remittance, handout, upkeep, pocket money, financial support, keep, expenses, contribution, grant, subsidy, benefit, maintenance, stipend, pension, consideration, annuity, sum of money