Actuarial Equivalent Value definition

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the 1983 Group Annuity Mortality Table and interest equal to the yield on 30-year Treasury Bonds as of the last business day of the Plan Year prior to the year in which the relevant calculation occurs.

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the mortality table and interest rate used to calculate accrued benefits under the Basic Plan.

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the appropriate mortality table and interest rate, as follows:

Examples of Actuarial Equivalent Value in a sentence

• In lieu of receiving distribution of his Accumulated Voluntary Employee Contributions as provided in Section 10.4(1), a Member may elect to have the Actuarial Equivalent Value of his Accumulated Voluntary Employee Contributions added to his Retirement Allowance and paid in the form of an annuity described in Section 8.1.

• Working together, we will continue to ensure that an environment exists where patients and providors have timely access to the amazing cures and therapies our industry develops.

• In lieu of receiving the monthlypension benefit provided in Section 5.4(a) above, a Participant may elect (as provided in (c), below) to receive his or her pension benefit payable in accordance with one of the following options, which options are of Actuarial Equivalent Value to the benefit to which the Participant was entitled under Section 5.4(a).

• An Incented Terminated Member may elect to become a Pensioner before his or her Normal Pension Commencement Date in accordance with the early pension commencement provisions of the Plan, but the value of his or her Pension Benefit is the Actuarial Equivalent Value of the greater of his or her Accrued Pension Benefit and Minimum Pension Benefit, calculated as though it started on his or her Normal Pension Commencement Date.

• If at the time a monthly benefit becomes payable to a Participant and the Actuarial Equivalent Value of such monthly benefit is $5,000 or less, the Board of Trustees will pay to the Participant in a lump sum, the amount of such actuarial value in lieu of the monthly benefit otherwise payable.

More Definitions of Actuarial Equivalent Value

Actuarial Equivalent Value means a value, actuarially equivalent to the comparator, as determined by the Company after consultation with the Actuary. The sex of the Participant, Designated Beneficiary and/or Spouse, as applicable, shall not be taken into account in determining the Actuarial Equivalent Value. Unless otherwise determined by the Company, the non-registered status of the Supplemental Plan and of the benefits payable hereunder shall also not be taken into account in determining the Actuarial Equivalent Value.

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the mortality table and interest rate used to calculate accrued benefits under the Basic Plan; provided, however, that for purposes of determining the Actuarial Equivalent Value of the amount described in Section 1.25(a) for Members or Vested Former Members who participated in the Predecessor to this Plan, the foregoing assumptions or the assumptions used in the Predecessor to this Plan shall be used, whichever produces the greater benefit for the Member or the Vested Former Member.”

Actuarial Equivalent Value means a benefit of equivalent value computed on the basis of the mortality table and interest rate used to calculate accrued benefits under the Basic Plan unless otherwise specifically provided in this Plan.

Actuarial Equivalent Value means the value of an applicable Retirement Allowance or benefit amount, where values are calculated under generally accepted actuarial methods and using the applicable tables, interest rates and other factors established by the Board upon recommendation of the Investment Committee.

Actuarial Equivalent Value means the “Lump Sum Value” as defined in Plan A.

Actuarial Equivalent Value means the value on the date on which an event occurs, of:

Actuarial Equivalent Value means equal value computed on the basis of the rate of interest and the mortality table last adopted by the Company on the advice of the Actuary for such purpose, provided that wherever used in a situation for which an actuarial basis has been prescribed under the Pension Benefits Act, such prescribed actuarial basis shall be used;