Annuity Factor definition

Annuity Factor. As defined in Section 4.01(a).
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Annuity Factor means the cost per dollar per month of pension, using interest rates and mortality tables considered appropriate by the Actuary, and the age of the Member, as subject to the Pension Benefits Act.
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Annuity Factor means the factor provided by an insurance company that would be applied to determine the single sum amount needed to purchase a commercial annuity that will provide an amount equal to the Monthly Benefit Amount.
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Examples of Annuity Factor in a sentence

  • The Guaranteed-Basis Annuity Factor is the 10-year certain-and-life annuity immediate factor payable annually calculated using an interest rate of [ # ]% and [ # ] a mortality table using Scale G improvement factors.

  • Both the Current-Basis Annuity Factor and the Guaranteed-Basis Annuity Factor are calculated using the attained age of the Policyholder on the exercise date.

  • For the purpose of calculating the Current-Basis Annuity Factor, the 7-year Treasury rate on any date is obtained by using the Bloomberg's FMC function or a similar function acceptable to both The Equitable and the Reinsurer at 5:00pm Eastern time on that date.

  • It also shows the total cost of the building for each cost center and the annual depreciation cost using 25 years as useful life and 3 percent for the Present Worth Annuity Factor (PWAF).

  • The assumptions for the Margin and Annuity Factor are shown in Table 8.6 VitalityHealth new business is defined as individuals and employer groups which incepted during the reporting period.

  • Term extensions on existing contracts are not included as new business.4 The annualised profit margin is the value of new business expressed as a percentage of the present value of future premiums.5 The VitalityHealth value of new business is calculated as the value at point of sale of the new business written premium in-force at the valuation date multiplied by the Margin multiplied by the Annuity Factor less the new business cash flows from point of sale to the valuation date.

  • The annuitized option prize shall be determined by multiplying a winner's share of the Grand Prize pool by the MUSL Annuity Factor.

  • MUSL Annuity Factor shall mean the annuity factor as determined by the MUSL central office through a method approved by the MUSL Finance and Audit Committee and which is used as described in 961 CMR 2.63.

  • The MUSL Annuity Factor is determined through a process as approved by the Finance and Audit Committee.

  • Advertised Grand Prize shall mean the estimated annuitized Grand Prize amount as determined by the MUSL central office by use of the MUSL Annuity Factor and communicated through the Selling Lotteries prior to the Grand Prize drawing.


More Definitions of Annuity Factor

Annuity Factor means the factor used to calculate instalment payments of equal amount based on the CPR and the Tenure (in months). The annuity factor for the Facility will be (b) The Customer(s) must pay the Bank the Bank's Sale Price by way of monthly instalments in the following manner, based on current BR of 4.00% p.a. The Bank will notify the Customer(s) if there is any change in the monthly instalment amount due to a change in the BR; The amount of the monthly instalment ("Monthly Instalment") will be as follows: Month (c) Notwithstanding the above, the Profit Portion of the Bank's Sale Price will be calculated based on the EPR. The Bank will waive payment of the difference between the Profit Portion calculated based on CPR, and the EPR, by way of rebate ("Ibra'") in accordance with Clause 2(a) of Appendix 1. The Customer(s)' total payment amount is RMxxx from the first Monthly Instalment until the end of the Tenure and the total amount of Profit Portion that will be charged on the Facility is RMxxx. These amounts are accurate only if the profit rate and/or Tenure remain unchanged. Note:
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Related to Annuity Factor

  • Capacity factor means the ratio of the average load on a machine or equipment for the period of time considered to the capacity rating of the machine or equipment.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • S&P Volatility Factor means 277% or such other potential dividend rate increase factor as S&P advises the Corporation in writing is applicable.

  • Annuity Unit An accounting unit of measure used to calculate the amount of Annuity Payments.

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.

  • Single Life Annuity means a Participant’s Grandfathered Benefit and/or 409A Benefit, as applicable, payable as an annuity in equal monthly installments over the life of the Participant, commencing as of the Payment Date and terminating in the month in which the Participant dies, with no further payments thereafter.

  • Class Factor As to any date of determination and any Combinable Class, the then current Class Factor for the Related REMIC Class. As to any date of determination and any RCR Class, a fraction the numerator of which is the sum of the then current Class Balances of

  • Quality factor (Q) means the modifying factor, listed in Tables I and II of 38.4(4), that is used to derive dose equivalent from absorbed dose.

  • Actuarial equivalent means a benefit of equal value when

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • ANNUITY DATE The date on which Annuity Payments begin. The Annuity Date is shown on the Contract Schedule. ANNUITY OPTIONS: Options available for Annuity Payments.

  • Annuity Benefit means a benefit payable by us as described in Part VII.

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • S&P Discount Factor means for purposes of determining the Discounted Value of any S&P Eligible Asset, the percentage determined by reference to the rating on such asset and the shortest Exposure Period set forth opposite such rating that is the same length as or is longer than the S&P Exposure Period, in accordance with the table set forth below:

  • Accumulation Period Factor means, for any Collection Period, a fraction with:

  • Loss Factor means the scaling factor determined in accordance with clause 7 and applied by the reconciliation manager to volumes of electricity measured or estimated in respect of ICPs on the Network, in order to reflect the impact of the ICP on Losses within the Network;

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Weighting factor wT for an organ or tissue (T) means the proportion of the risk of stochastic effects resulting from irradiation of that organ or tissue to the total risk of stochastic effects when the whole body is irradiated uniformly. For calculating the effective dose equivalent, the values of wT are:

  • SERP Benefit means the benefit described in Section 5.1.

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • Moody’s Discount Factor means the discount factors set forth in the Moody's Guidelines for use in calculating the Discounted Value of the Fund's assets in connection with Moody's long-term preferred share ratings of the VRDP Shares at the request of the Fund.