Actuarial liabilities definition

Actuarial liabilities means the excess of the present value of all benefits payable under a defined
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Actuarial liabilities means the excess of the present value of all benefits payable under a defined benefit retirement plan over the present value of future normal costs in that retirement plan.
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Actuarial liabilities means the actuarial liabilities of the Plan on any date, as determined by the Actuary using the method and assumptions employed in determining the value of the actuarial liabilities of the Plan in the last actuarial valuation of the Plan filed prior to the date of such determination with the applicable regulatory authorities pursuant to the requirements of the Pension Benefits Act and the Income Tax Act.
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Examples of Actuarial liabilities in a sentence

  • Actuarial liabilities are recognised when contracts are entered into and premiums are charged.

  • Actuarial liabilities include two major components: a best estimate reserve and a provision for adverse deviations.

  • Actuarial liabilities represent the amount which, together with estimated future premiums and net investment income, will be sufficient to pay estimated future policy benefits, policyholder dividends, taxes (other than income taxes) and expenses on policies in force.

  • Actuarial liabilities are recognised when contracts are entered into and contributions are charged as determined by the annual actuarial valuation are based on the Islamic Financial Services Act, 2013 as well as the relevant statutory requirements stated in the Guidelines on Valuation Basis for Liabilities of Family Takaful Business.

  • Actuarial liabilities are computed at the end of each period, resulting in benefits and expenses being matched with the premium revenue.

  • Actuarial liabilities represent the amounts which, together with estimated future premiums and net investment income, will provide for all the life and health insurance subsidiaries’ commitments regarding estimated future benefits, contract holder dividends and related expenses.

  • Actuarial liabilities are recognized for the sponsored defined benefit plans that report an actuarial deficit.

  • Actuarial liabilities are recognised when Takaful contracts are entered into and contributions are charged.

  • Actuarial liabilities of these linked products are stated at the same value as the underlying supporting investments.

  • Summary of Significant Accounting Policies (Continued) (r) Actuarial liabilities (continued)The Group segments assets to support liabilities by major product segment and geographic market and establishes investment strategies for each liability segment.


More Definitions of Actuarial liabilities

Actuarial liabilities means the excess of the present value of all benefits payable under a retirement system over the present value of future normal costs in that retirement system.
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Actuarial liabilities has the meaning ascribed thereto in Section 9.7(e);
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Actuarial liabilities mean the liabilities of the Plan calculated by the Actuary in accordance w it h t he A ct ua r ia l A s s um pt io ns a nd Methods, excluding any future Indexing provided to Pensioners pursuant to Article 7.1(a) of this Agreement;
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Actuarial liabilities means the actuarial liabilities determined on the basis used by the company for making returns of actuarial liabilities in terms of the insurance legislation of the Republic;
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Actuarial liabilities means the present value of estimated policy benefits and costs less the present value of future premiums (adjusted for provision for adverse deviations) and are a measure of the amounts which, together with future premiums and investment income, will be required by a life insurance company in order to discharge its obligations under its insurance policies and annuity contracts and to pay expenses related to the administration of those policies and contracts.
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Related to Actuarial liabilities

  • Actuarial valuation means a mathematical determination of

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Accrued Liabilities shall include a pro rata contribution to each Employee Benefit Plan or with respect to each such obligation or arrangement for that portion of a plan year or other applicable period which commences prior to, and ends after, the Closing Date, and Accrued Liabilities for any portion of a plan year or other applicable period shall be determined by multiplying the liability for the entire such year or period by a fraction, the numerator of which is the number of days preceding the Closing Date in such year or period and the denominator of which is the number of days in such year or period, as the case may be.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Pension Plans The meaning specified in Section 4.1(v).

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Contingent Liabilities means, respectively, each obligation and liability of the Credit Parties and all such obligations and liabilities of the Credit Parties incurred pursuant to any agreement, undertaking or arrangement by which any Credit Party either: (i) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any manner (other than by endorsement of instruments in the course of collection), including without limitation, any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (ii) guarantees the payment of dividends or other distributions upon the shares or ownership interest of any other Person; (iii) undertakes or agrees (whether contingently or otherwise): (A) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any property or assets constituting security therefor; (B) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person; or (C) to make payment to any other Person other than for value received; (iv) agrees to lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or obligation; (v) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (vi) undertakes or agrees otherwise to assure or insure a creditor against loss. The amount of any Contingent Liability shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported thereby.

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any Sale-Leaseback Transactions that do not create a liability on the balance sheet of such Person, (iii) any obligation under a Synthetic Lease or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • ERISA Plans means “employee benefit plans” within the meaning of Section 3(3) of ERISA.

  • Total Liabilities is on any day, obligations that should, under GAAP, be classified as liabilities on Borrower’s consolidated balance sheet, including all Indebtedness.

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.