Actuarial reserve means a method of financing a pension or
Actuarial reserve means a method of financing a pension or retirement plan wherein reserves are accumulated as the liabilities for benefit payments are incurred in order that sufficient funds will be available on the date of retirement of each member to pay the member's future benefits during the period of retirement.
Actuarial reserve means the present value of all payments to be made on account of
Examples of Actuarial reserve in a sentence
Actuarial reserve development methods are generally used in the determination of IBNR liabilities.
Actuarial reserve assets may be invested in other asset classes as directed by the Board.
Actuarial reserve and capital calculations should be performed by an expert that is independent of the insurance companies involved.
Actuarial reserve include the actuarial gains/(losses) arising from valuation of gratuity and leave encashment liability as required by NAS 19 - Employee Benefits.
If you cannot, give thanks you have lived 25so long, and make yourself ready in your cabin for the mischance of the hour, if it so hap.—Cheerily, good hearts!—Out of our way, I say.
More Definitions of Actuarial reserve
Actuarial reserve means the amount by which the expected value of the assets exceed the expected value of the liabilities of the trust fund.
Actuarial reserve means the amount by which the
Actuarial reserve means, in relation to a Member, the present value of pension benefits payable in the future in respect of a period of Eligible Service, considering the Member’s past and future Pensionable Service and including the portion of those benefits relating to expected future earnings and cost of living increases, computed on the basis of the actuarial methods and assumptions last adopted by the Administrator on the recommendation of the Actuary, subject to any requirements of Applicable Pension Legislation and the Income Tax Act, and including interest thereon determined using the nominal interest rate adopted for the purpose of the Actuarial Reserve calculation.
Actuarial reserve means the present value of all payments to be made on account of 5 any annuity, retirement allowance, or benefit, computed upon the basis of mortality tables adopted 6 by the retirement board with regular interest.
Actuarial reserve means a method of financing a pension or retirement plan wherein reserves are accumulated as the liabilities
Actuarial reserve means the actuarial present value of benefits payable in the future in respect of a period of eligible service, including the portion of those benefits relating to expected future salary and CPI increases, computed on the basis of the actuarial methods and assumptions determined by the Board of Trustees on the recommendation of the Actuary, subject to any requirements of the Employment Pension Plans Act and the Income Tax Act.
Actuarial reserve. , in relation to an officer, means the value at any given date of the accrued pension benefits for which the officer has qualified in respect of his period of pensionable service up to that date;