Actuarial reserve definition
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
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 exceed the expected value of the liabilities of the trust fund.
Actuarial reserve means the present value of all payments to be made on account of any annuity, retirement allowance, or benefit, computed upon the basis of mortality tables adopted by the retirement board with regular interest.
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 the “minimum actuarial reserve for policyholder liabilities” as referred to in Section (50), sub section (5) of the Ordinance