Actuarial reserve means a method of financing a pension or
Actuarial reserve means a method of financing a pension or retirement plan wherein reserves are accumulated as the liabilities for benefit payments are incurred in order that sufficient funds will be available on the date of retirement of each member to pay the member's future benefits during the period of retirement.
Actuarial reserve means the present value of all payments to be made on account of
Examples of Actuarial reserve in a sentence
Any gain or loss aris- ing on Defined Benefit Obligation is recorded in the Actuarial reserve.
More Definitions of Actuarial reserve
Actuarial reserve means the amount by which the
Actuarial reserve means the amount by which the expected value of the assets exceeds exceed the expected value of the liabilities of the trust fund.
Actuarial reserve means, in relation to a Member, the present value of pension benefits payable in the future in respect of a period of Eligible Service, considering the Member’s past and future Pensionable Service and including the portion of those benefits relating to expected future earnings and cost of living increases, computed on the basis of the actuarial methods and assumptions last adopted by the Administrator on the recommendation of the Actuary, subject to any requirements of Applicable Pension Legislation and the Income Tax Act, and including interest thereon determined using the nominal interest rate adopted for the purpose of the Actuarial Reserve calculation.
Actuarial reserve means the present value of all payments to be made on account of 5 any annuity, retirement allowance, or benefit, computed upon the basis of mortality tables adopted 6 by the retirement board with regular interest.
Actuarial reserve means a method of financing a pension or retirement plan wherein reserves are accumulated as the liabilities
Actuarial reserve means the actuarial present value of benefits payable in the future in respect of a period of eligible service, including the portion of those benefits relating to expected future salary and CPI increases, computed on the basis of the actuarial methods and assumptions determined by the Board of Trustees on the recommendation of the Actuary, subject to any requirements of the Employment Pension Plans Act and the Income Tax Act.
Actuarial reserve means for each MEMBER the value in the FUND, as determined by THE ACTUARY, of the MEMBER'S pension benefits at the time the benefit is due, using the same actuarial assumptions as were used in the latest valuation of the FUND in terms of Rule 3 (17) (a) or, if no valuation has been carried out, in the latest actuarial investigation of the FUND'S financial condition.