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
Synonyms for individual words can be found below.
«pension»
«annuity»
Sentences with «pension annuity»
- 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)
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