QPSAQualified Preretirement Survivor Annuity (pension plans)
QPSAQueensland Pharmacy Students' Association (Brisbane, Australia)
QPSAQuality Premade Scrapbook Association
QPSAQualified Professional in Substance Abuse
QPSAQueensland Police Service Academy (Australia)
QPSAQuilogy Professional Services Automation
QPSAQuebec Practical Shooting Association (Canada)
QPSAQualified Preretirement Survivorship Annuity
QPSAQumran Psalm
QPSAQualified Pre-Survivor Annuity
QPSAQuality Performance Summary Assessment
QPSAQueens Park School Association (UK)
QPSAQuantum Particle State Analyzer
QPSAQuality Process and Systems Assurance
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References in periodicals archive ?
In essence, without the advance written consent of the non-participant spouse, any payment to the participant during lifetime must be made in the form of a QJSA, and payments prior to the participant's retirement have to be in the form of a QPSA.
A qualified pre-retirement survivor annuity (QPSA) is a pre-retirement death benefit for the surviving spouse of a plan participant, payable in the form of an immediate annuity for the rest of that person's life.
A QPSA typically pays an annuity that is equal to the survivor's portion of the QJSA.
They would then issue the appropriate Roth amendments to the contract." That said, the same QPSA requirement for qualified plans as noted above may prove administratively difficult.
OPSAs: A QPSA under a defined contribution plan is a life annuity payable to the surviving spouse of a participant who dies before his or her annuity starting date.
As noted above, only certain defined contribution plans are required to make QJSA and QPSA payments of retirement benefits to the surviving spouse.
Qualified preretirement survivor annuity (QPSA) means a survivor annuity for the life of the surviving spouse of the participant under which payments are to begin not later than the month in which the participant would have reached the earliest retirement age provided under the plan, and that meets the following requirements with respect to the amount of the annuity:
(3) Qualified plans subject to the spousal annuity rules must also provide written explanations to participants of their QPSA and QJSA rights.
A QPSA is an annuity that is payable for life of the participant's spouse and is equal to the survivor annuity portion of the QJSA that would have been paid if the participant had retired and died.
Annuity starting date--The annuity starting date is a key date for purposes of determining whether benefits are payable as a QPSA, a QJSA, or another selected optional form of benefit payable under the plan.
Notice 97-10: Sample Language for a Spotise's Waiver to a QJSA or a QPSA; I.R.S.
One is known as the qualified preretirement survivor annuity (QPSA) which applies when the participant dies before receiving any pension payments.