Oregon Statutes > Chapter 243 > Tax-Sheltered Annuities for Educational Employees
Current as of: 2023 | Check for updates
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Other versions
| § 243.820 | Agreement for payment of annuity premium or investment in stock of regulated investment company |
| § 243.830 | Effect of agreement on retirement contributions and benefits |
Terms Used In Oregon Statutes > Chapter 243 > Tax-Sheltered Annuities for Educational Employees
- 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.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.