A pension annuity is a financial product that provides a fixed income after retirement. It is like a regular payment that you receive from a pension pot or an insurance company to support your living expenses once you stop working. Full definition
There's the scrapping of a need for pension annuity, but that was in the Budget. (politics.co.uk)
Meanwhile year - long exposes by newspapers such as the Sacramento Bee into the high cost of so - called pension spiking, or the practice of allowing teachers and bureaucrats nearing retirement to get double - digit pay raises in their final years of work in order to gain even fatter pensions, has also led to a state investigation, once again reminding families that they pay the price for 3,090 teachers (as of 2010) getting more than $ 100,000 annually in pension annuities. (dropoutnation.net)
Indeed, our now 65 - year - old might count the present value of her Social Security and pension annuities as part of her bond holdings — and take that into account when she decides how to split her financial accounts between stocks and more conservative investments. (humbledollar.com)