annuitant
- n the recipient of an annuity
- Second, after having retired and received an amount equal to that contributed, usually about 18 to 24 months after retirement, the annuitant pays full federal (and in most cases .
- Its insurance business was dropped but the bank's annual reports show a reserve for old annuities which grows smaller each year and will disappear when the last annuitant dies.
- Under the old rule, the yearly payment was taxable up to 3% of the total cost, and when the annuitant had recovered the cost taxfree, the entire payment became taxable.