Actuarial equivalent amount definition

Actuarial equivalent amount means a benefit of equal value computed upon the basis of the actuarial assumptions determined by the board;
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Actuarial equivalent amount means a benefit of equal value computed upon the basis of a unisex mortality table based on the average of the 1971 group annuity mortality tables for males and females set back one (1) year and six and one-quarter percent (6.25%) interest per year the actuarial assumptions determined by the board;
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Related to Actuarial equivalent amount

  • Actuarial equivalent means a benefit of equal value when

  • Actuarially equivalent or "of equal actuarial value" means a benefit of equal value

  • Equivalent Amount of any currency with respect to any amount of Dollars at any date shall mean the equivalent in such currency of such amount of Dollars, calculated on the basis of the Exchange Rate for such other currency at 11:00 a.m., London time, on the date on or as of which such amount is to be determined.

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

  • Accrued Benefit have the meanings specified in ERISA.