Group annuity agreement where one premium is used to purchase for the participants in a retirement plan that is terminating (i.e., immediate annuities for current retirees and deferred annuities for those who are not yet of retirement age).
The Rantings of the barely human.
Group annuity agreement where one premium is used to purchase for the participants in a retirement plan that is terminating (i.e., immediate annuities for current retirees and deferred annuities for those who are not yet of retirement age).