Actuarial present value definition

Actuarial present value means an amount in today’s dollars of a member’s future retirement benefit calculated using appropriate actuarial assumptions and the:
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Actuarial present value means the single amount, as of a given valuation date, that results from applying actuarial assumptions to an amount or series of amounts payable or receivable at various times.
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Actuarial present value means the calculation under which the probability of occurrence, based on a specified mortality table, and the discount for future monetary growth at a specified interest rate are considered by an actuary to determine the value of an annuity.
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Examples of Actuarial present value in a sentence

  • Actuarial present value of promised retirement benefitsEach Fund is required to disclose the estimated actuarial present value of promised retirement benefits as at the end of the financial year.

  • Actuarial present value of promised retirement benefits is the present value of the expected payments by a retirement benefit plan to existing and past employees, attributable to the service already rendered.

  • Actuarial present value of benefits is based on service to date and present pay levels.

  • Actuarial present value of promised retirement benefitsThe actuarial present value of promised retirement benefits is assessed every three years per LGPS regulations and updated annually in the intervening years by the appointed actuary in accordance with the requirements of IAS19 and relevant actuarial standards.

  • Actuarial present value of promised retirement benefitsThe actuarial present value of promised retirement benefits is assessed on a triennial basis by the scheme actuary in accordance with the requirements of the International Accounting Standard (IAS) 19 and relevant actuarial standards.


More Definitions of Actuarial present value

Actuarial present value means an amount in today’s dollars of a member’s future retirement benefit calculated using appropri- ate actuarial assumptions and the:
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Actuarial present value means the single amount, as of a
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Actuarial present value means the value of an amount or series of amounts payable or receivable at various times. determined as of a given date by the application of a particular set of actuarial assumptions.
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Actuarial present value means an amount in today’s dollars of a member’s future retirement benefit calculated using the actuarial assumptions in R2-8-123 and the:
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Actuarial present value means, for any stream of payments as of any date, the actuarial present value of those payments on the date specified, determined using the 1994 Group Annuity Unisex Mortality table and assuming a 6% rate of interest.
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Actuarial present value means, with respect to determining the amount of a lump sum payment, an amount determined by using a six and one half percent (6.5%) discount rate and the Age 85 Mortality Table.
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Actuarial present value means the value as of a specified date of an amount or a series of amounts due before or thereafter, where each amount is multiplied by the probability that the condition or conditions on which payment of the amount is contingent will be satisfied, and where each amount so multiplied is then increased (if due before) or discounted (if due thereafter) according to an assumed rate of interest to reflect the time value of money. Unless the Plan specifies otherwise, the mortality table and interest rate used to calculate the Actuarial Present Value of an amount or series of amounts will be the
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