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What is an annuity fund definition?

What Is an Annuity Fund? An annuity fund is the investment portfolio in which an annuity holder's funds are invested. The annuity fund earns returns, which correlate to the payout that an annuity holder receives. When an individual buys an annuity from an insurance company, they pay a premium.

How does an annuity pension work?

An annuity provides you with a regular guaranteed income in retirement. You can buy an annuity with some or all of your pension pot. It pays income either for life or for an agreed number of years.

What are union annuities?

The Annuity Plan provides you with a valuable supplement to other retirement income. All contributions to the Annuity Plan come from your employer, based on the collective bargaining agreement between the Union and your employer, and are automatically credited to your account.

How does a union annuity work?

The Annuity Plan provides you with a valuable supplement to other retirement income. All contributions to the Annuity Plan come from your employer, based on the collective bargaining agreement between the Union and your employer, and are automatically credited to your account.

What is DC 37 Annuity Fund?

The District Council 37 AFSCME Annuity Fund Plan is a defined contribution employees' pension plan. It is funded by Employer contributions made pursuant to collective bargaining agreements between District Council 37 and agencies and subdivisions of the City of New York and other government entities.

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