Actuarial valuation definition

Actuarial valuation means a mathematical determination of

Actuarial valuation means the determination, as of a specified date, of the normal cost, actuarial accrued liability, actuarial value of the assets of a pension plan, and other relevant values for the pension plan.

Actuarial valuation means a mathematical determination of the financial condition of a retirement plan. It includes the computation of the present monetary value of benefits payable to present members, and the present monetary value of future employer and employee contributions, giving effect to mortality among active and retired members and also to the rates of disability, retirement, withdrawal from service, salary and interest earned on investments.

Examples of Actuarial valuation in a sentence

• Examples of these functions include but are not limited to Claims Management, Actuarial Valuation, Finance, Legal and all other functions necessary and appropriate for the administration of the Insurance Contracts.

• The Company shall timely provide to PBGC: (i) all quarterly asset statements for the Pension Plan within 5 business days after the Company's receipt thereof; and (ii) the Pension Plan's Actuarial Valuation Report annually within 5 business days after the earlier of (a) the last day of the ninth calendar month of the plan year and (b) the date on which such report is received by the Company.

• The term "Actuarial Valuation Date" shall mean the valuation date used for computing plan costs for purposes of determining minimum funding requirements.

• Summary Financial Statements53 Government of Saskatchewan Notes to the Summary Financial StatementsThe following table shows information based on the latest actuarial valuation extrapolated to March 31, 2004 for defined benefit plans and December 31, 2003 for the joint defined benefit plan: (thousands of dollars)2004 2003Plan Name Actuarial Valuation Date Accrued Benefit Obligation Pension Fund Assets Net Obligation Unamortized Estimation Adjustments 1 Pension Liabilities Pension LiabilitiesTSP2 Jun.

• The WHX Pension Plan's Actuarial Valuation Report no later than the last day of the plan year.

More Definitions of Actuarial valuation

Actuarial valuation means the valuation of assets and accrued gratuity liabilities under the Scheme on the basis of appropriate demographic, economic assumptions and regulations and may include estimation of Contribution required for the liability accruing in the year following the Valuation Date by an independent actuary on behalf of the Policyholder and who is not employed by Insurer.

Actuarial valuation means the determination, as of a valuation date, of the normal cost, actuarial accrued liability, actuarial value of assets, and related actuarial present values for the SCRHI Trust Fund or LTDI Trust Fund.

Actuarial valuation means a set of calculations prepared by an actuary retained under section 356.214 if so required under section 3.85, or otherwise, by an approved actuary, to determine the normal cost and the accrued actuarial liabilities of a benefit plan, according to the entry age actuarial cost method and based upon stated assumptions including, but not limited to rates of interest, mortality, salary increase, disability, withdrawal, and retirement and to determine the payment necessary to amortize over a stated period any unfunded accrued actuarial liability disclosed as a result of the actuarial valuation of the benefit plan.

Actuarial valuation means an actuarial valuation of the judicial retirement system or an annual actuarial update of an actuarial valuation, as required pursuant to section 602.9116.

Actuarial valuation means a mathematical determination of the

Actuarial valuation means the de- termination, as of a specified date, of the normal cost, actuarial accrued li- ability, actuarial value of the assets of a pension plan, and other relevant val- ues for the pension plan.

Actuarial valuation means an analysis made of the cash value equivalent to a benefit, calculated by reference to appropriate financial assumptions and assumptions regarding normal life expectancy;