Actuary definition
Actuary means a person who is a member in good standing of the American academy of actuaries.
Actuary means any Fellow of an institute, faculty, society or chapter of actuaries approved by the Minister;
Actuary means the actuary retained by the board in accordance with 19-2-405.
Examples of Actuary in a sentence
Effective the first of the month following the Board meeting where the Plan Actuary estimates the Plan is at or below a 120% funded ratio, the contributions to the Plan will be adjusted to a level so as to maintain the 120% funded ratio position (using the same methodology as used to determine the 172% as of September 30, 2017 valuation).
The Plan Actuary will update the Board of Trustees on the estimated financial position of the Plan as a standing agenda item every Board meeting.
More Definitions of Actuary
Actuary means an individual who satisfies all of the following requirements:
Actuary means a Fellow of the Institute and Faculty of Actuaries;
Actuary means the actuary or firm of actuaries employed by the Board at any given time;
Actuary means the independent consulting actuary retained by the Bank to assist the Committee in its administration of the Plan.
Actuary means a person appointed in accordance with Regulation 10 of the Administration Regulations, to give actuarial advice in respect of the fund;
Actuary has the meaning given to it in the Pension Trust;
Actuary means the actuary or firm of actuaries employed