Experience study definition

Experience study means a report providing experience data and an actuarial analysis of the adequacy of the actuarial assumptions on which actuarial valuations are based.
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Experience study means an actuarial investigation of demographic and economic experiences of the system during the period studied. The investigation was made for the purpose of updating the actuarial assumptions used in valuing the actuarial liabilities.
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Examples of Experience study in a sentence

  • GMB values in table should be indexed to date of claim incurral based on actual or public salary inflation data (e.g., Social Security data).Justification: Experience study showed that GMB is significant variable for recoveries.

  • Justification: Experience study showed that diagnosis is a significant variable in claim recovery rates.

  • Experience study Last performed for the period July 1, 2009 to June 30, 2014 Salary increases, including inflation and merit 7.

  • For such claims, no further modifications to recoveries should be applied after this table.Justification: Experience study showed EP leads to significant variations in terminations in the early part of a claim.

  • The total OPEB liability as of June 30, 2019 was based on the 2016 PERSI Experience study for demographic assumptions and the July 1, 2016 OPEB Valuation for the economic and OPEB specific assumptions.

  • A CTMP has been prepared and is included in the CEMP (Appendix A5.1 in Volume 4 of the EIAR).

  • For non-public safety groups, 25% of in-service deaths are assumed to be duty related and 35% are assumed to be duty-related for public safety groups Experience study dates July 1, 2008 to June 30, 2017 (demographic) and July 1, 2010through June 30, 2018 (economic) The total pension liability, net pension liability, and certain sensitivity information are based on an actuarial valuation performed as of June 30, 2017.

  • Kathleen Schaub will share data from IDC's 2016 IT Buyer Experience study, highlighting how millennial buyers are different from other buyers, how buying dynamics are changing, and at which marketing competencies customers want marketing organizations to excel.

  • The base table and base year are then used to determine a substitute mortality table under paragraph (c)(3) of this section.(ii) Experience study and base table requirements—(A) In general.

  • Experience study" means a report providing experience data and an actuarial analysis of the adequacy of the actuarial assumptions on which actuarial valuations are based.

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