Missouri Laws 50.1050 – Normal annuity, qualifications
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Missouri Laws 50.1050
- 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.
Any member who has attained the age of sixty-two years may retire with a normal annuity with eight or more years of creditable service as a county employee.