Actuarial present value definition

Actuarial present value means an amount in today’s dollars of a member’s future retirement benefit calculated using appropriate actuarial assumptions and the:

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Actuarial present value means the single amount, as of a given valuation date, that results from applying actuarial assumptions to an amount or series of amounts payable or receivable at various times.

Actuarial present value means the calculation under which the probability of occurrence, based on a specified mortality table, and the discount for future monetary growth at a specified interest rate are considered by an actuary to determine the value of an annuity.

Examples of Actuarial present value in a sentence

• The plan's funded status and amounts recognized in the Company's balance sheet at September 30, 1996 and 1995 are presented below: 1996 1995 Actuarial present value of benefit obligations: Vested benefits...................................................

• The plan's funded status and amounts recognized in the Company's balance sheet as of December 31, 1997, 1996 and 1995 are as follows: Actuarial present value of benefit obligations: 1997 1996 1995 ------------- ------------- Accumulated benefit obligation, including vested benefits of $37,364,000, $32,264,000 and $29,890,000 in 1997, 1996 and 1995, respectively...............

• January 1, January 1, (Dollars in thousands) 1997 1996 ------------------------------------------------------------------ Actuarial present value of benefit obligation: Vested benefits $(14,459) $(13,628) Nonvested benefits (158) (113) ..................................................................

• The following table summarizes the funded status of the Company's pension plans and the related amounts that are recognized as liabilities in the consolidated balance sheet: 1996 1995 ---- ---- Actuarial present value of benefit obligations: Vested benefit obligation ...................................................

• NOTES TO CONSOLIDATED FINANCIAL STATEMENTS--(CONTINUED) The following table sets forth the funded status of the plans: ----------------------------------------------- DECEMBER 31, 1994 DECEMBER 31, 1993 ----------------------- ----------------------- ASSETS ACCUMULATED ASSETS ACCUMULATED EXCEED BENEFITS EXCEED BENEFITS ACCUMULATED EXCEED ACCUMULATED EXCEED BENEFITS ASSETS BENEFITS ASSETS ----------- ----------- ----------- Actuarial present value of Vested benefit obligation....

More Definitions of Actuarial present value

Actuarial present value means an amount in today’s dollars of a member’s future retirement benefit calculated using appropri- ate actuarial assumptions and the:

Actuarial present value means the single amount, as of a

Actuarial present value means the value of an amount or series of amounts payable or receivable at various times. determined as of a given date by the application of a particular set of actuarial assumptions.

Actuarial present value means an amount in today’s dollars of a member’s future retirement benefit calculated using the actuarial assumptions in R2-8-123 and the:

Actuarial present value means, for any stream of payments as of any date, the actuarial present value of those payments on the date specified, determined using the 1994 Group Annuity Unisex Mortality table and assuming a 6% rate of interest.

Actuarial present value means, with respect to determining the amount of a lump sum payment, an amount determined by using a six and one half percent (6.5%) discount rate and the Age 85 Mortality Table.

Actuarial present value means the value as of a specified date of an amount or a series of amounts due before or thereafter, where each amount is multiplied by the probability that the condition or conditions on which payment of the amount is contingent will be satisfied, and where each amount so multiplied is then increased (if due before) or discounted (if due thereafter) according to an assumed rate of interest to reflect the time value of money. Unless the Plan specifies otherwise, the mortality table and interest rate used to calculate the Actuarial Present Value of an amount or series of amounts will be the mortality table and interest rate in effect under Section 417(e)(3)(A) of the Code 90 days before the Participant’s benefit starting date.