Fund Actuary definition

Fund Actuary means Fund Actuary as defined in Annex D3 to this Part D;

Fund Actuary means Hewitt, Bacon & Woodrow Limited.

Fund Actuary means the actuary to a Fund appointed by the Administering Authority of that Fund

Examples of Fund Actuary in a sentence

• In the interests of stability and affordability of employer contributions, the Administering Authority, on the advice of the Fund Actuary, believes that stabilising contributions can still be viewed as a prudent longer-term approach.

• Asset maturity decisions shall be guided by cash flow factors payout factors supplied by the Fund Actuary and reviewed by the Executive Director and the Treasurer.

• As there was no finalised outcome of the McCloud case by 31 August 2019, the Fund Actuary has acted in line with SAB’s advice and valued all member benefits in line with the current LGPS Regulations.

• From the two different indications resulting from these methods the Fund Actuary chooses a "select" estimate of ultimate losses.

• Instead, the Fund Actuary must apportion the assets of the whole Fund between the individual employers.

• The Fund therefore instructed the Fund Actuary to certify contribution rates for employers for the period 1 April 2020 to 31 March 2023 as part of the 2019 valuation of the Fund.

• The projections are carried out using an economic modeller (the “Economic Scenario Service”) developed by the Fund Actuary Hymans Robertson: this allows for a wide range of outcomes as regards key factors such as asset returns (based on the Fund’s investment strategy), inflation, and bond yields.

• The Fund has therefore instructed the Fund Actuary to certify contribution rates for employers for the period 1 April 2020 to 31 March 2023 as part of the 2019 valuation of the Fund.

• Account of the higher rate will be taken by the Fund Actuary at subsequent valuations.

• The Fund Actuary uses the Hymans Robertson’s proprietary “HEAT” system to track employer assets on a monthly basis.

More Definitions of Fund Actuary

Fund Actuary the actuary to a Fund appointed by the Administering Authority of the Fund;

Fund Actuary means a fund actuary as defined in Annex D2 to this Part D of this Schedule 9.1 (Staff Transfer)

Fund Actuary means an actuary appointed from time to time by the Administering Authority.

Fund Actuary means the Actuary appointed by the Fund from time to time; Future Concessionaire as defined in paragraph 6.3; Ill Health Retirement as defined in Regulation 35 of the LGPS Regulations Incumbent Concessionaire the Council’s Concessionaire providing the equivalent of the Services for the Council prior to the Commencement Date; Indirect Losses means loss of profits, loss of use, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature; Phrase/Word Meaning LGPS means the Local Government Pension Scheme established pursuant to regulations made by the Secretary of State in exercise of powers under sections 7 and 12 of the Superannuation Act 1972; LGPS Regulations means the Local Government Pension Scheme Regulations 2013 (SI 2013/2356), as amended; New Employee as defined in paragraph 31.1.1 below; New Employer as defined in paragraph 25.1.2 below; Notional Fund as defined in paragraph 27.1 below; Pension Index means RPI plus 1.5%; Pensionable Pay as defined in in Regulation 20 of the LGPS Regulations; Reimbursed Pension Contribution as defined in paragraph 29.1 below;

Fund Actuary means Xxxx Xxxxxx of Xxxxxx Xxxxxxxxx, or another actuary appointed by the Customer for the purposes of this Schedule;

Fund Actuary a Fund Actuary as defined in Annex D3 to this Part D;