retirement annuity

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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词条贡献者

资深译员Ting，世界知名语言学院法律英语专业，专注翻译各种与专业责任纠纷有关的法律文件。