As with Oracle SQL programs, we can invoke a PL/SQL program either by typing it in sqlplus or by putting the code in a file and invoking the file in the various ways we learned in Getting Started With Oracle.
MYGA â aka âFixed Rate Annuityâ Fixed Rate Annuities function a lot like CDs, and are referred to in the industry as âMulti Year Rate Guaranteedâ annuities (MYGAs). In essence, MYGAs are CDsâ¦.but with tax deferral, and are typically purchased with a single premium amount of money.
The standard annuity is the maximum payment for TRS retirement benefits. It provides the retiree a maximum amount of benefit each month compared to optional service retirement forms of payment, and ends upon the retireeâs death. When calculating a normal age monthly standard annuity, TRS uses the following formula: