- joint, and, survivor, pension
- pension f réversible
English-French legislative terms. 2015.
joint, and, survivor, pension
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Qualified Joint And Survivor Annuity - QJSA — An annuity payment from a qualified plan or 403(b) account that provides a life annuity to the participant and a survivor annuity for the spouse after the participant’s death. QJSA rules apply to money purchase pension plans, defined… … Investment dictionary
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pension — pensionable, adj. pensionably, adv. pensionless, adj. /pen sheuhn/; Fr. /pahonn syawonn / for 3, n., pl. pensions / sheuhnz/; Fr. / syawonn / for 3, v. n. 1. a fixed amount, other than wages, paid at regular intervals to a person or to the person … Universalium
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joint-life and last-survivor annuities — Annuities that involve two people (usually husband and wife). A joint life annuity begins payment on a specified date and continues until both persons have died. A last survivor annuity only begins payment on the death of one of the two people… … Big dictionary of business and management
Pension Maximization — A retirement strategy for couples that involves purchasing a single life annuity on the older spouse rather than a dual or joint life with last survivor annuity that covers both people. The increased income received from the annuity will be used… … Investment dictionary
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single-life pension — A pension or annuity that is paid for the lifetime of the beneficiary only, rather than for the lifetime of a surviving spouse. Compare joint life and last survivor annuities … Big dictionary of business and management
