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Annuity   

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(a) "Annuity," with respect to the Defined Benefit Program, means payments for life derived from the "accumulated annuity deposit contributions" of a member.

(b) "Annuity," with respect to the Defined Benefit Supplement Program, means an alternative payment arrangement wherein a benefit based on the balance of credits in a member's Defined Benefit Supplement account is paid monthly rather than in a lump-sum.

(Amended by Stats. 2000, Ch. 74, Sec. 6.)