Actuarial equivalent definition

Actuarial equivalent means a benefit of equal value when

Actuarial equivalent means a benefit of equal value when computed upon the

Actuarial equivalent means equality in present value of the

Examples of Actuarial equivalent in a sentence

• Actuarial equivalent of a periodic benefit means the commuta- tion of the value of the periodic benefit into a lump-sum payment, taking life expectancy and interest into account.

• Actuarial equivalent" means a benefit which is of equal value when computed at regular interest, based on the mortality and service tables adopted by the board of trustees.[PL 1983, c.

• Actuarial equivalent" means an amount of equal value when computed at an interest rate contained in actuarial assumptions adopted by the board and upon the basis of mortality and service tables adopted by the board.

• Actuarial equivalent" means a benefit which is of equal value when computed at regular interest, based on the mortality and service tables adopted by the board of trustees.[PL 1985, c.

• Does not apply to Rule of 90 retirees, disability benefit recipients, or survivors.• Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions.

More Definitions of Actuarial equivalent

Actuarial equivalent means a benefit of equal value

Actuarial equivalent means a benefit of equal value when computed upon the basis of actuarial

Actuarial equivalent means a benefit of equal value when computed upon the basis of the mortality

Actuarial equivalent means a benefit of equal value when computed upon the basis of actuarial tables adopted by the board. In cases of disability retirement, the options authorized by KRS 61.635 shall be computed by adding ten (10) years to the age of the member, unless the member has chosen the Social Security adjustment option as provided for in KRS 61.635(8), in which case the member's actual age shall be used. For members who began participating in the system prior to January 1, 2014, no disability retirement option shall be less than the same option computed under early retirement;

Actuarial equivalent means a payment or series of payments having the same value as the

Actuarial equivalent means a payment or series of payments having the same value as the payment or series of payments replaced, computed on the basis of interest rate and mortality as- sumptions adopted by the board.

Actuarial equivalent means a benefit of equal value when computed upon the basis of the mortality tables adopted by the board of supervisors and regular interest thereon.