As mentioned above, employer pensions are sometimes structured as group annuity contracts. (blueprintincome.com)
According to the complaint, MassMutual markets a number of stable value funds, or SVAs, to retirement plans, each of which utilizes group annuity contracts issued by MassMutual. (planadviser.com)
Reforms of the tontine system in the mid 1700s lead to the first group annuity contracts and throughout the 19th century, annuities were only available through group contracts. (insuranceandestates.com)