Actuarial liability definition
Actuarial liability. ’ means pension cost attributable, under
Actuarial liability means pension cost attributable, under the actuarial cost method in use, to years before the date of a particular actuarial valuation. As of such date, the actuarial liability represents the excess of the present value of the future benefits and administrative expenses over the present value of future contributions, for the normal cost for all plan participants and beneficiaries. The excess of the actuarial liability over the value of the assets of a pension plan is the unfunded actuarial liability.
Actuarial liability has the meaning set forth on Section I of the P&G Disclosure Letter.
More Definitions of Actuarial liability
Actuarial liability means an actuarial item presented as a liability in the annual statement and included in the scope of the Statement of Actuarial Opinion.
Actuarial liability means, as of a particular valuation date of a Defined Benefit Pension, the greater of:
Actuarial liability. ’ means the monetary value of the future benefits stemming from the members accrued benefits as calculated by the scheme actuary, in accordance with the scheme provisions and existing legislations;