Actuarial Assessment definition

Actuarial Assessment means an additional Contract amount assessed by the State Treasurer to preserve the actuarial soundness of the Trust Fund. For an unpaid or partially paid lump sum account, this amount will be a percentage of the outstanding balance per month determined by the Actuary. For the reinstatement of a Monthly Payment Plan the Actuarial Assessment is the difference between the present value of the prescribed monthly payments and the present value of the payments actually made by the Purchaser. The Actuarial Assessment for a change in length of a monthly payment Contract is the difference between the present values of the Contract payments of the old and new payment schedules.
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Actuarial Assessment means a contract amount assessed to compensate the Trust Fund for a change from the Extended Payment Plan to the 5-Year Payment Plan and is the difference between the future values of the PACT Contract payments of each plan.
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Actuarial Assessment means the periodic valuation of a Scheme, made in accordance with actuarial methods;
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Examples of Actuarial Assessment in a sentence

  • An Actuarial Assessment of 1% per month will automatically be assessed on each lump-sum payment received more than fifteen (15) days past the payment due date.

  • A Purchaser may reinstate his or her good standing provided that all delinquent amounts, including an Actuarial Assessment, and all Administrative Fees, including late payment fees, have been paid.

  • Any Purchaser who delays payment beyond the payment due date, until a coupon book has been issued or until payroll deduction or automatic bank deduction has been implemented, may be assessed late payment fees and an Actuarial Assessment.

  • Actuarial Assessment of Chapter 258 of the Acts of 2014: “An Act to increase opportunities for long-term substance abuse recovery”.

  • A Pensions Actuarial Assessment will need to be undertaken to ensure that the new provider is aware of their pension liability.

  • Actuarial Assessment - An additional Contract amount assessed by MPACT to preserve the actuarial soundness of the Trust Fund.

  • Eke, An Indepth Actuarial Assessment for Wife Assault Recidivism: The Domestic Violence Risk Appraisal Guide, 32 LAW & HUM.

  • Proof of age, death, or disability, or receipt of Scholarship by the original Qualified Beneficiary should be furnished in such form as required by the State Treasurer at the time the request for substitution of the Qualified Beneficiary is submitted.If the request for Beneficiary substitution is approved, an additional Actuarial Assessment determined to be necessary to insure the actuarial soundness of the Trust Fund may be assessed.

  • Actuarial Assessment of Massachusetts House Bill No. 3024 Defining Eating Disorders as Biologically-Based Illnesses Prepared for Division of Health Care Finance and Policy Commonwealth of Massachusetts Prepared by Compass Health Analytics, Inc.

  • The report on Actuarial Assessment of Pension and General Provident Fund as at 30.06.2009 provided various funding options for the Govt.


More Definitions of Actuarial Assessment

Actuarial Assessment means either an amount which accrues on any payment that is not received by the scheduled due date listed on the Enrollment Confirmation, or an amount that may be charged when the Account Owner makes a change to the Account such as changing the Designated Beneficiary. Actuarial Assessments are charged to ensure the actuarial soundness of the Trust Fund. Actuarial Assessments may be deducted from your Prepaid Tuition Plan Benefits.
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Related to Actuarial Assessment

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Special Assessment means an assessment levied against property to pay all or a portion of the costs of making improvements that benefit the property.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Medical assessment means an assessment of a patient’s medical condition secured by our Assistance Company working in conjunction with the Medical Evacuation Provider’s medical director and in collaboration with the attending physician. The Assistance Company in collaboration with the Medical Evacuation Provider, will utilize the assessment to determine at its sole discretion whether a Plan Holder is fit to fly; the most appropriate means to provide medical evacuation; the medical personnel who will be accompanying the patient on the transport; and to confirm the medical facility closest to one’s home can meet their medical needs. If the patient’s medical facility of choice is unable to provide the high level of medical care required by the patient, arrangements will be made to transport the patient to the appropriate medical facility closest to their home, or closest to patient's preferred medical facility in the US when possible.