group annuity
- This is a kind of retirement plan that provides regular payments to all qualifying individuals, typically under a comprehensive agreement often issued to a business for its workers' advantage
- The company offers a group annuity plan for all eligible employees.
- After retiring, she started receiving benefits from the group annuity she had contributed to during her working years.
- Under the group annuity, all qualified employees will receive a certain amount upon retirement.
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