Qualified Pre-Retirement Survivor Annuity (QPSA)

Definition

A payment made to the surviving spouse of an individual who participated in retirement plan benefits, such as defined benefit plan or money purchase plan. QPSA is paid upon the death of the participant before their retirement with the surviving spouse receiving this monthly annuity payment for the rest of their life.
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Qualified Pre-Retirement Survivor Annuity (QPSA) Qualified Professional Asset Manager (QPAM)