Actuarial Equivalence definition

Actuarial Equivalence means that two or more benefit plans provide the same expected value of benefits in total (as determined through generally accepted actuarial principles), though the specific benefits within those plans may differ. The actuarial analysis to determine actuarial equivalence shall take into account the net value of all benefits including deductibles, coinsurance, and out-of-pocket maximums.

Actuarial Equivalence means two benefits of equal Actuarial Present Value based on the actuarial factors and assumptions specified in the provision in which that phrase is used, or, if not otherwise so specified, based on the actuarial factors and assumptions described in this Section.

Actuarial Equivalence means two benefits of equal “Actuarial Present Value” based on the actuarial factors and assumptions specified in the provision in which the phrase is used or, if not otherwise specified, based on the assumptions described in this Section.

Examples of Actuarial Equivalence in a sentence

• Actuarial Equivalence of a lump-sum payment shall be determined based on.

• Actuarial Equivalence under this Section 12.05 shall be determined using a five percent (5%) interest assumption, and the term “$90,000” shall include any higher amounts prescribed pursuant to the Internal Revenue Code for purposes of these limitations.

• If a Participant’s distributions are delayed by reason of clause (a), above, the aggregate amount of any such delayed payments, together with interest on such delayed payments (calculated using the interest rate used for determining Actuarial Equivalence), shall be paid to the Participant on such delayed commencement date.

• Such amount will be calculated as the Actuarial Equivalent of the Participant’s Excess Retirement Benefit using the assumptions for determining Actuarial Equivalence provided under the Pension Plan for determining lump sum distributions.

• Retirement Age Actuarial EquivalentFactors for Members Joining before November 1, 2011* Statutory Factors for Members Joining after October 31, 2011 65 or later 1.000000 1.0064 1.000000 0.9363 1.000000 0.8662 1.000000 0.8061 0.913529 0.7360 0.835549 0.6559 0.765083 N/A58 0.701285 N/A57 0.643419 N/A56 0.590845 N/A55 0.543003 N/A54 0.499406 N/A53 0.459624 N/A52 0.423278 N/A51 0.390033 N/A50 0.359593 N/A * Reduction factors will change as the System’s definition of Actuarial Equivalence changes.

More Definitions of Actuarial Equivalence

Actuarial Equivalence means an actuarially equivalent amount determined using the 1983 Group Annuity Mortality (GAM) table blended 50% Male and 50% Female, and interest rate of 7% per annum.

Actuarial Equivalence. ’ means a state of equivalent values demonstrated through the use of generally accepted actuarial principles and in accordance with section 1860D–11(c) of the Act and

Actuarial Equivalence means an amount of equivalent value determined by reference to a specified set of conversion or reduction factors. In determining either the amount of any reduction in benefit amount or the amount of a benefit payable under the Plan in an optional form, actuarial equivalence shall be determined by applying the conversion factors set forth in the Wyeth Retirement Plan.

Actuarial Equivalence or “Actuarial Equivalent” means equality in value of the aggregate amounts expected to be received under different forms of payment computed on the following bases:

Actuarial Equivalence means present values calculated using the interest rate on 30-year treasury securities for the month prior to the first day of the plan year, as prescribed by the Retirement Protection Act of 1994, and the 1983 Group Annuity Mortality Tables used for lump sum purposes under the Retirement Protection Act of 1994.

Actuarial Equivalence means, for the purposes of establishing the present value of a stated benefit, the present value determined by discounting all future payments for interest and mortality on the following:

Actuarial Equivalence. (or "Actuarially Equivalent") means equality of value of the aggregate amounts expected to be received under different forms of payment and/or at different times, based on an interest rate of seven percent and the unisex version of the 1994 GAR Mortality Table.