Actuarial Assumptions. If the Employer maintains a Defined Benefit Plan, the Plan Administrator will use the actuarial assumptions (interest and mortality only) stated in that plan to calculate the present value of benefits from the Defined Benefit Plan.
Actuarial Assumptions. In any case in which it is necessary to make --------------------- actuarial adjustments in order to carry out the provisions of this Plan (including, without limitation, the provisions requiring the determination of an actuarially equivalent benefit under Section 4.02 hereof), the following rules shall apply:
(a) The interest/discount rate assumed in making such actuarial adjustments shall be a fixed rate equal to the Specified Rate then in effect at the time such actuarial adjustments are calculated; and,
(b) The mortality table used in making such actuarial adjustments shall be the 1971 Unisex Group Annuity Table (85% of male rate and 15% of female rate).
Actuarial Assumptions. The Actuarial Assumptions agreed between the Purchaser’s Actuary and the Vendor’s Actuary for the purposes of calculating the Completion Pension Scheme Liabilities, the Longstop Pension Scheme Liabilities and the Liability Movement Value are as set out below:
Actuarial Assumptions. To the extent interest rate, mortality and/or other assumptions are needed to determine an actuarial equivalent amount under this Agreement, the Bank shall select such reasonable actuarial assumptions as the Bank shall consider necessary or appropriate.
Actuarial Assumptions. Investment return The annualized gross redemption yield on the FT-Actuaries 20 Year Gilt Index (at close of business on the day before the Completion Date), plus 1.75% pa prior to retirement/0.75% pa after retirement, rounded to the nearest 0.01% pa compound Increases in prices 100 x [[(1+G)/(1+I)-1]% pa where G is the annualized gross redemption yield on the FT-Actuaries 20 Year Gilt Index (at close of business on the day before the Completion Date), and I is the arithmetic average of the annualized gross redemption yields on the FT-Actuaries Over 5 Year Index-Linked Gilt Index with 0% and 5% inflation (at close of business on the day before the Completion Date), respectively. The figure shall be rounded to the nearest 0.01% pa compound Salary or Pensionable 1.0% pa (with no averaging at the Salary increases in annualized date of exit from active excess of increases in membership) plus an allowance for prices promotional increases in line with the attached table Increases in Section 1.0% pa 148 Orders in excess of increases in prices Increases to pensions In line with increases in prices plus 0.2% once in payment pa on pensions in excess of GMP's Nil on GMP's accrued before 6 April 1988 In line with increases in prices, less 0.4% pa, on GMP's accrued after 6 April 1988 Increases to pensions In line with increases in prices on and lump sums in deferment pensions in excess of GMP's BACON & WOODROW Actuaries and Consultants Withdrawals Xx accordance with attached table Age basis Age nearest birthday Death in service and in In accordance with standard tables, deferment adjusted as follows: Males 75% of AM92 unrated Females 75% of AF92 unrated Retirement in normal Average age at retirement is assumed to be health 60 for all members Retirement from At the member's Normal Pension Age deferment applying under the Rules of the Scheme, with a 17% reduction for early payment of pre-17 May 1990 benefits for pre-1 April 1988 male joiners under ESPS Retirement in ill-health In accordance with attached table (for ESPS members only) Death after retirement In accordance with the standard table PMA92/PFA92 (base year 2020), related up in age as follows: Males (normal health) + 1 year Males (ill-health) + 9 years Females (normal health) + 2 years Females (ill-health) + 9 years Widows + 2 years Widowers + 2 years Family Details 90% of members are assumed to be married at retirement or death before retirement. A man is assumed to be 2 years older than his wife.
Actuarial Assumptions. (a) Annual interest rate (i) Non-indexed rate rate as per section 7(c)(i)(B) of the agreement (ii) Indexed rate rate as per section 7(c)(i)(B) of the agreement
(b) Annual inflation rate determined as [1+item 2(a)(i)]/[1+item 2(a)(ii)]-1
(c) Annual real rate of return equal to item 2(a)(ii) (d) Annual YMPE increase annual inflation rate +1%
Actuarial Assumptions. (a) Based on the advice of the Enrolled Actuary and subject to the provisions of Section 16.2 (b), the Trustees shall establish the actuarial assumptions and/or valuation method to be used in determining the reserves required to fund the plan benefits of the Plans of Participation and the contributions of the Participating Employers. In connection with the establishment of these assumptions, the Trustees may establish categories or guidelines pertaining to such assumptions, taking into account such characteristics of the Plans of Participation, Participating Employers or Participants or such factors as they may deem relevant. At the request of a Participating Employer, the Trustees may, in their discretion with the concurrence of the Enrolled Actuary, establish individual guidelines applicable to such Participating Employer's Plan of Participation.
(b) A Participating Employer may elect under its Adopting Resolutions to authorize the Employer Fiduciaries designated by it, or certain of such Employer Fiduciaries, to select, within such guidelines as may be established by the Trustees as applicable to this subsection (b), the actuarial assumptions and/or valuation method to be used in determining the reserves required to fund the Plan benefits of its Plan of Participation and the contributions by the Participating Employer. In the event of an election by a Participating Employer under this subsection (b), the Employer Fiduciaries so authorized by it shall have sole and absolute discretion, authority and responsibility for the selection of the above mentioned actuarial assumptions and /or valuation method, subject to such rules or guidelines as may be established by the Trustees as provided in this subsection (b), and further subject to the approval of the Enrolled Actuary.
(c) The election described under Section 16.2(b) shall be extended with respect to the Participating Employers only at such time or times and in such manner as the Trustees, or the Chairman or the President of the Trust acting pursuant to authorization by the Trustees, may determine. Notwithstanding anything herein to the contrary, the Trustees may establish such rules and guidelines with respect to any such authorizing election by a Participating Employer or any modification or termination thereof or with respect to the exercise of such authority by the Employer Fiduciaries as they may deem desirable.
Actuarial Assumptions. Effective July 1, 1984, the 1971 group annuity mortality table (set back five (5) years for females) with an interest rate of seven percent (7%) per year, compounded annually, shall be used for all actuarial valuations and other calculations required in the operation of the system except those specifically provided to the contrary in this chapter. For purposes of determining actuarial equivalent optional forms of payment under section 1.323, unisex factors assuming ninety percent (90%) of all members are male shall be used. For purposes of adjusting any benefit or limitation under section 415 of the Internal Revenue Code, the mortality table used shall be the table prescribed by the United States Secretary of the Treasury in accordance with section 415(b)(2)(E)(v) of the Internal Revenue Code. The board may, from time to time, and upon written recommendation of the actuary, adjust and otherwise change the actuarial assumptions in order to reflect retirement system experience and trends.
Actuarial Assumptions. For purposes of subparagraphs (B)(i) and (C)(i), the interest rate assumption used in determining actuarial equivalence shall be 5% per annum, and the mortality assumption shall be that specified by the Secretary of the Treasury under Section 415(b)(2)(E) of the Code.
Actuarial Assumptions. For purposes of this Appendix A and Section D.02, the interest and mortality assumptions for distributions shall be the Applicable Interest Rate and the Applicable Mortality Table, as provided in the Uruguay Round Agreements Act, Public Law 103-465.
(a) The Applicable Interest Rate is the average annual rate of interest under Code section 417(e)(3)(A)(ii)(II) for the fourth month immediately preceding the first day of the stability period.
(b) The stability period is the Plan Month that contains the Annuity Starting Date for the distribution. During the stability period, the applicable interest rate remains constant.
(c) The Applicable Mortality Table is the mortality table described in Code section 415(b)(2)(E)(v).
