Actuarially Determined definition

Actuarially Determined means a benefit of equivalent value when computed on the basis of 7% interest compounded annually and the 1971 group mortality tables (determined separately by sex). In the event of a Change of Control, this definition shall not be changed.
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Examples of Actuarially Determined in a sentence

  • The Actuarially Determined Contributions rates, as a percentage of payroll, used to determine the Actuarially Determined Contribution amounts in the Schedule of Employer Contributions are calculated as of the most recent Valuation Date.

  • Typically the Actuarially Determined Contribution has a normal cost payment and an amortization payment.

  • Actuarially Determined: Values which have been determined utilizing the principles of actuarial science.

  • Actuarially Determined Contribution (ADC) or Annual Required Contribution (ARC)A calculated contribution into a defined benefit pension plan for the reporting period, most often determined based on the funding policy of the plan.

  • The Actuarially Determined Contribution (ADC) dollar amount can be calculated by multiplying the City’s Full Retirement Rate (excludes portion of rate for Supplemental Death Benefits Fund) by the applicable payroll amount (for payroll, cities can use “gross earnings” as noted on line 1 of their TMRS-3 “Summary of Monthly Payroll Report”).

  • Higher assumed investment returns will result in a lower Actuarially Determined Contribution.

  • As long as the Actuarially Determined Contribution is made each year the Plan will never become insolvent.

  • Contribution Risk: The Risk that Future Contributions Are Less Than the Actuarially- Determined Contributions‌Public pension systems can suffer from contribution risk when sponsoring governmental entities fail to make contributions as determined by the actuary under their funding policies.

  • Risks Associated with Measuring the Accrued Liability and Actuarially Determined ContributionThe determination of the accrued liability and the actuarially determined contribution requires the use of assumptions regarding future economic and demographic experience.

  • Identification: To the extent that actual investment returns differ from the assumed investment return, the plan’s future assets, Actuarially Determined Contributions, and funded status may differ significantly from those presented in this valuation.

Related to Actuarially Determined

  • Finally Determined means, with respect to any Action or other matter, that the outcome or resolution of such Action or matter has been judicially determined by judgment or order not subject to further appeal or discretionary review.

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

  • Actuarial valuation means a mathematical determination of

  • Actuarial equivalent means a benefit of equal value when

  • relevant balance sheet means the latest published audited consolidated balance sheet of the Group, but where the Company has no subsidiaries it means the balance sheet and profit and loss account of the Company and, where the Company has subsidiaries but there are no consolidated accounts of the Group, it means the respective balance sheets and profit and loss accounts of the companies comprising the Group;

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Eligibility Determination means an approval or denial of eligibility and a renewal or termination of eligibility as set forth in OAR 410-200-0015;¶

  • Actuarial method means the method of allocating a fixed level payment on a Receivable between principal and interest, pursuant to which the portion of such payment that is allocated to interest is the product of one-twelfth (1/12) of the APR on the Receivable multiplied by the scheduled principal balance of the Receivable.

  • TIA Applicability Determination As defined in Section 12.12.

  • Disability Benefit means the benefit set forth in Article 8.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Capacity Benefit Margin or “CBM” shall mean the amount of firm transmission transfer capability preserved by the transmission provider for Load-Serving Entities (“LSEs”), whose loads are located on that Transmission Service Provider’s system, to enable access by the LSEs to generation from interconnected systems to meet generation reliability requirements. Preservation of CBM for an LSE allows that entity to reduce its installed generating capacity below that which may otherwise have been necessary without interconnections to meet its generation reliability requirements. The transmission transfer capability preserved as CBM is intended to be used by the LSE only in times of emergency generation deficiencies.

  • Final Average Compensation means the average annual

  • determined means a determination made in the absolute discretion of the person making the determination.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

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

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Final average salary means whichever of the following is greater:

  • Adverse Benefit Determination means any of the following:

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Administrative merits determination means certain notices or findings of labor law violations issued by an enforcement agency following an investigation. An administrative merits determination may be final or be subject to appeal or further review. To determine whether a particular notice or finding is covered by this definition, it is necessary to consult section II.B. in the DOL Guidance.

  • Average final compensation means the average annual creditable compensation of a member during

  • Determination Year means the Plan Year for which testing is being performed, and the “look-back year” means the immediately preceding twelve (12) month period.