Deferred group annuity

{
  "id": "MLC-T-INS-001106",
  "term": "Deferred group annuity",
  "field": "Insurance and risk management",
  "definition": "A type of annuity contract purchased by an employer to provide future retirement benefits for a group of employees. Contributions are made over time, and the annuity payments to individual employees begin at a specified future date, such as retirement. This contrasts with an immediate group annuity, where payments begin shortly after purchase.",
  "url": "https://mlchart.com/terminology/insurance/deferred-group-annuity/"
}