Is a monthly periodical payments to participants or their heirs to ensure continuity of income for retirees or families through the development of JS Savings Plan investments. benefits:
1. Old Days Participant Annuity Payments.
Annuity payments every month Old Party for life or until the annuity funds run out, began after the premiums paid Annuity Savings Plan.
2. Annuity Payment of Widow / Widower (If the Annuity Funds Available)
Annuity Payment of Old Age Widow / Widower of each month at 100% / 80% of Annuity Old Party for life or until remarried, starting next month until the annuity funds run out, since the participants died.
3. Annuity Payment Orphan – Orphanage (If Annuity Funds Available)
Annuity payments Orphans – Orphanage every month at 100% of Annuity Widow / Widower up to age 25 years or work or get married or died before the age of 25 years to fund the annuity runs out, starting next month since the Widow / Widower dies or remarries.
4. Annuity Amount
Pension annuity is set at 7% of the Annuity Fund beginning of the year.
5. Death Insurance s.d. Age 65 Year (Money Insurance Adjusted) Payment of Insurance at once if:
1. Recipient of Old Age Annuity Participant dies,
2. Beneficiaries Annuity Old Widow / Widower dies,
3. Beneficiaries Annuity Orphan dies (before annuity benefits fall right orphan). ket: apply sequential
6. 6. Returns Funds (Cash Refund) Payment to Remaining Annuity Accumulation Fund, if the Annuity Beneficiary Rights last fall.
