Indiana Code > Title 10 > Article 12 > Chapter 5 – Supplemental Pension Benefits
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Terms Used In Indiana Code > Title 10 > Article 12 > Chapter 5 - Supplemental Pension Benefits
- 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.
- Trustee: A person or institution holding and administering property in trust.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5