QJSA

(redirected from Qualified Joint and Survivor Annuity)
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AcronymDefinition
QJSAQualified Joint and Survivor Annuity (pension plans)
QJSAQuarterly Journal of Studies on Alcohol (now Journal of Studies on Alchohol)
References in periodicals archive ?
The QJSA, or qualified joint and survivor annuity, is a retirement-as opposed to a death-benefit payable in the form of an annuity for the life of the participant, and, if this person is married, a survivor annuity for the life of the spouse, payable upon the participant's death.
35) The tax law requires the plan to pay that portion of the benefits to the participant and surviving spouse for their lives as a qualified joint and survivor annuity (QJSA).
401(a)(ll), a plan participant in a same-sex marriage cannot waive a qualified joint and survivor annuity without obtaining his or her spouse's consent.
Is there a taxable gift when a nonparticipant spouse waives the right to receive a qualified joint and survivor annuity or a qualified preretirement survivor annuity?
Defined benefit plans and money purchase pension plans must pay benefits in the form of a qualified joint and survivor annuity (QJSA) to retiring employees and a qualified preretirement survivor annuity (QPSA) to employees who terminate prior to their normal retirement date, unless the employee and, if the employee is married, the employee's spouse, consent to a different benefit payment option.
They generally invoke the spousal consent requirements of ERISA and so create a default form of payout--a qualified joint and survivor annuity.
The second required benefit is a qualified joint and survivor annuity (QJSA).
qualified joint and survivor annuity (QJSA): A joint and survivor annuity that must be offered by a qualified retirement plan for the life of a participant and spouse.
All the limits above must be actuarially reduced to reflect any post retirement death benefits except in the case of a qualified joint and survivor annuity.
Therefore, benefits computed in this manner are larger than those computed as a qualified joint and survivor annuity or a qualified pretirement survivor annuity.
QJCAs: Benefits under defined-benefit and money-purchase plans must be distributed in the form of a qualified joint and survivor annuity (QJSA), unless the participant's spouse consents to a different form.
For example, the participant may have irrevocably elected a qualified joint and survivor annuity.
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