20 CFR 230.2 – Loss of annuity for month in which compensated service is rendered
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If an individual in receipt of an annuity renders compensated service, he shall not be paid an annuity with respect to any month in which such service is rendered to:
Terms Used In 20 CFR 230.2
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
(a) An employer;
(b) Any person whether or not an employer by whom he was most recently employed when his annuity begins to accrue;
(c) Any person with whom he held, at the time the annuity begins to accrue, any rights to return to service;
(d) Any person with whom he ceased service in order to have his annuity begin to accrue.