annuitant

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annuitant

a person who receives an ANNUITY.
References in periodicals archive ?
But Oakton's decision not to employ SURS annuitants does not directly affect plaintiffs' ability to continue to collect their full annuity -- which is what the Illinois Constitution protects -- and plaintiffs identify no SURS provision that would entitle them to simultaneously receive an annuity and engage in post-retirement employment.
Because of the radical differences in potential payouts at the death of the owner or annuitant, it is critical to understand whether a contract is owner-driven or annuitant-driven when structuring the setup of owners, annuitants, and beneficiaries.
In expression (4) the number of initial annuitants cancels out.
Annuities pay a prespecified payment stream to their beneficiaries, the annuitants, for as long as they are alive, thereby providing a way of spreading an accumulated stock of resources over a lifetime of uncertain length and thus insuring against the risk of outliving one's resources.
First of all as the annuitant had not died but had benefited from mortality gain then surely that should be clawed back.
Managers seeking to employ a REA/WAE can request a list of annuitants through their Bureau REA/WAE coordinator or from HRSC@state.
Because GABC did not start paying out benefits to annuitants until mid-2013, it is far too soon to tell whether the assets will be sufficient to cover the reduced obligations, or whether a sweet deal has been made by the guaranty associations at the expense of those annuitants with slashed benefits.
Both structured settlement annuitants and lottery annuitants experience unique financial demands, which must be handled on a case by case basis.
Joint Life Annuity for life with return of purchase price (ROP) payable on death of the last survivor - A fixed amount, guaranteed at the policy inception, will be paid as long as at least one of the annuitants is alive.
The Government will make flat-rate lump sum payments to living, with-profits annuitants who bought their annuity from Equitable Life Assurance Society before September 1 1992.
The comprehensive Executive Life of New York (ELNY) liquidation plan involving the capacity a majority state guaranty funds, top regulators in multiple states, millions upon millions in life insurance company coffers, and thousands of waiting policyholders has cleared a major obstacle with the dismissal of the appeal by a group of annuitants claiming the liquidation plan was unfair and they were denied due process.
In an effort to save money and increase efficiency, the task of paying military retirees and annuitants was consolidated in Cleveland in 2002 when the function was outsourced to a contractor, with oversight provided by a small DFAS staff.