"Annuitant" defined: A person who is entitled to receive benefits from an annuity.

Recently (since the Year 2000) in the United States of America, Federal and State agencies have allowed the re-hiring of retired employees without the loss of their retirement benefits. Such a "re-hire" is referred to as an annuitant. Often a maximum number of hours per year which the annuitant may work is specified.

For instance, the State of California has posted its guidelines:

This concept often allows agencies to benefit from the experience of retired employees who may be relied upon to share their experience and training with new hires, or to supplement or "bridge" areas where personpower is needed but not currently affordable.

Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • annuitant — an·nu·i·tant /ə nü ə tənt, nyü / n: a person entitled to receive benefits or payments from an annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. annuitant …   Law dictionary

  • Annuitant — An*nu i*tant, n. [See {Annuity}.] One who receives, or its entitled to receive, an annuity. Lamb. [1913 Webster] …   The Collaborative International Dictionary of English

  • annuitant — [ə no͞o′ə tənt, ənyo͞o′ə tənt] n. a person receiving or entitled to receive an annuity …   English World dictionary

  • Annuitant — 1. A person who receives the benefits of an annuity or pension. 2. The person upon whom a life insurance contract is based. 1. In other words, the annuitant is the beneficiary of an annuity or pension. 2. An annuitant can be the contract holder… …   Investment dictionary

  • annuitant — An individual who receives benefits from an annuity. Bloomberg Financial Dictionary * * * annuitant an‧nu‧i‧tant [əˈnjuːtnt ǁ əˈnuː ] noun [countable] INSURANCE someone who has an annuity and receives a sum of money from it, usually monthly or… …   Financial and business terms

  • annuitant — noun Date: 1720 a beneficiary of an annuity …   New Collegiate Dictionary

  • annuitant — /euh nooh i tnt, euh nyooh /, n. a person who receives an annuity. [1710 20; ANNUIT(Y) + ANT] * * * …   Universalium

  • annuitant — noun The recipient of an annuity …   Wiktionary

  • annuitant — an·nu·i·tant || É™ njuːɪtÉ™nt n. recipient of an annuity (yearly financial allowance) …   English contemporary dictionary

  • annuitant — [ə nju:ɪt(ə)nt] noun formal a person who receives an annuity …   English new terms dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”