Retirement Equity Act of 1984. A federal law that requires private pension plans to comply with the court-ordered division of a pension between spouses and permits the plan administrator to pay all or part of a worker’s pensions and survivor benefits directly to a former spouse if the plan has been served with a court […]
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Railroad Retirement Board. A three-member federal board that administers the program providing retirement, unemployment, and sickness benefits to retired railroad employees and their families. • The Board was established by the Railroad Retirement Act of 1934. — Abbr. RRB.
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individual retirement account. A savings or brokerage account to which a person may contribute up to a specified amount of earned income each year. • The contributions, along with any interest earned in the account, are not taxed until the money is withdrawn after a participant reaches 59 1/2 (or before then, if a 10%
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A savings or brokerage account to which a person may contribute up to a specified amount of earned income each year. • The contributions, along with any interest earned in the account, are not taxed until the money is withdrawn after a participant reaches 59 1/2 (or before then, if a 10% penalty is paid).
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An annuity that begins making payments only after the annuitant’s retirement. • If the annuitant dies before retirement, an agreed amount will usu. be refunded to the annuitant’s estate.
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retirement income insurance 退休收入保险 保险人保证若被保险人在一定年龄前死亡须支付保险金，若被保险人在约定期限届满后仍生存，则保险人支付年金。
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Federal Retirement Thrift Investment Board. A board responsible for administering the Thrift Savings Plan that allows federal employees to save additional funds for retirement. • It was established in 1986. 5 USCA § 8472. — Abbr. FRTIB.
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