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Investments glossary

Qualified Joint and Survivor Annuity (QJSA)


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A qualified joint and survivor annuity (QJSA) provides a lifetime payment to an annuitant and spouse, child or dependent from a qualified plan. QJSA rules apply to money-purchase pension plans, defined benefit plans, and target benefits. They can also apply to profit-sharing and 401(k) and 403(b) plans, but only if so elected under the plan.


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