(a) âAnnuity,â with respect to the Defined Benefit Program, means payments for life derived from the âaccumulated annuity deposit contributionsâ of a member. (b) âAnnuity,â with respect to the Defined Benefit Supplement Program, means an alternative payment arrangement wherein a benefit based on the balance of credits in a memberâs Defined Benefit Supplement account is paid monthly rather than in a lump-sum.
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