Deferred Group Annuity

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

Deferred:

Meanings of Deferred:
  1. Moving motion (an action or event)

  2. Submit or confirm credit.

Sentences of Deferred
  1. He postponed the decision until February

  2. 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

Group:

Meanings of Group:
  1. Collect or keep in groups or groups.

  2. Multiple people or nearby objects either seen or arranged together.

Sentences of Group
  1. There were three wooden chairs around the dining table

  2. 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

Annuity:

Meanings of Annuity:
  1. Usually a certain amount of money is paid to someone for life every year.

  2. A type of insurance or investment that entitles the investor to a certain amount of money annually.

Sentences of Annuity
  1. Until 1999, the only option for retirees was an annual, fixed income for life.

  2. If investors want to invest most of their savings fast, they must invest in an annual amount.

  3. Equity will first have to come up with an initial proposal to buy expensive pension insurance, which society can no longer afford.

  4. If they want to save, they can decide before they retire whether to spend money or buy annually.

  5. Fixed annual administration fees typically receive ڈالر 30 per year.

  6. When they retire, savers can choose a fixed or variable pension.

  7. When you get your tax-free capital tax refund, you usually need to make an annual purchase with the remaining funds.

  8. There may be a fixed rate on tax-exempt benefits or a variable product with sub-accounts.

  9. Beneficiaries can often convert an annual amount into an annual amount, but they will ignore the reduction in health, for example.

  10. Pensions on which retirees buy fixed income may also vary.

  11. 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

Deferred Group Annuity,

Definition of Deferred Group Annuity:

A pension plan in which the annual amount paid annually is earned for each employee. This benefit is paid as a monthly income after retirement.

The type of group pension, which allows each member of the group to make an annual purchase of a deferred pension, is the sum of the deferred pension's total amount received by the participant at the time of retirement.

Literal Meanings of Deferred Group Annuity

Deferred:

Meanings of Deferred:
  1. Movement (action or event) Movement.

  2. Offer or give credit.

Synonyms of Deferred

respite, hold over/off, shelve, prorogue, pigeonhole, put over, mothball, respect, put in cold storage, truckle, stay, lay on the table, take a rain check on, honour, suspend, hold in abeyance, put on ice, table, comply with, agree with, put on the back burner, continue

Group:

Meanings of Group:
  1. Multiple people or things that are located together, grouped together or categorized.

  2. A series of elements that occupy a periodic table column and, due to their similar electronic structure, share mostly identical features.

  3. A combination of elements with associative binary operations in which each element and the identifying element are reversed.

  4. (In systematic grammar) The structural level between sentences and words that corresponds to sentences in most other grammars.

  5. Put in one or more groups.

Sentences of Group
  1. A group of boys is approaching.

  2. Three chairs were gathered around the table.

Synonyms of Group

troop, gang, flock, arrange, assembly, party, range, collection, pack, gathering, status, body, line up, grade, rank, marshal, grading, company, band, organize, dispose, congregation, crowd

Annuity:

Meanings of Annuity:
  1. A certain amount is paid to someone every year, usually for life.

Sentences of Annuity
  1. Excluding a £ 1000 pension of your choice.