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A traditional form of defined benefit plan is the final salary plan, under which the pension paid is equal to the number of years worked, multiplied by the member's salary at retirement, multiplied by a factor known as the accrual rate. The final accrued amount is available as a monthly pension or a lump sum, but usually monthly.
A donee beneficiary can sue the promisor directly to enforce the promise. (Seaver v. Ransom, 224 NY 233, 120 NE 639 [1918]). A donee beneficiary is when a contract is made expressly for giving a gift to a third party, the third party is known as the donee beneficiary. The most common donee beneficiary contract is a life insurance policy.
A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3] Such a sale provides the policy owner with a lump sum. [4]
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Infobox for human settlements (cities, towns, villages, communities) as well as other administrative districts, counties, provinces, etc. Template parameters [Edit template data] This template has custom formatting. Parameter Description Type Status Common name name This is the usual name in English. If it's not specified, the infobox will use the 'official_name' as a title unless this too is ...
Tiaa or Tia'a was an ancient Egyptian queen consort during the Eighteenth Dynasty of Egypt. She was a "faceless concubine" during the time of Amenhotep II who withheld from her the title Great Royal Wife , but when her son Thutmose IV became pharaoh, he performed a revision of her status and gave her that title.
The retirement benefits "are calculated using a member's years of service credit, age at retirement, and final compensation (average salary for a defined period of employment)," and the retirement formulas "are determined by the member's employer (State, school, or local public agency); occupation (miscellaneous (general office and others ...
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