CFR > Title 29 > Subtitle B > Chapter XIV > Part 1627 > Subpart D – Statutory Exemption
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| § 1627.17 | Calculating the amount of qualified retirement benefits for purposes of the exemption for bona fide executives or high policymaking employees |
Terms Used In CFR > Title 29 > Subtitle B > Chapter XIV > Part 1627 > Subpart D - Statutory Exemption
- 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.
- Contract: A legal written agreement that becomes binding when signed.