Annuity Factor definition

Annuity Factor. As defined in Section 4.01(a).
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Annuity Factor means the cost per dollar per month of pension, using interest rates and mortality tables considered appropriate by the Actuary, and the age of the Member, as subject to the Pension Benefits Act.
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Annuity Factor means the factor used to calculate instalment payments of equal amount based on the CPR and the Tenure (in months). The annuity factor for the Facility will be
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Examples of Annuity Factor in a sentence

  • Both the Current-Basis Annuity Factor and the Guaranteed-Basis Annuity Factor are calculated using the attained age of the Policyholder on the exercise date.

  • The Guaranteed-Basis Annuity Factor is the 10-year certain-and-life annuity immediate factor payable annually calculated using an interest rate of [ # ]% and [ # ] a mortality table using Scale G improvement factors.

  • For the purpose of calculating the Current-Basis Annuity Factor, the 7-year Treasury rate on any date is obtained by using the Bloomberg's FMC function or a similar function acceptable to both The Equitable and the Reinsurer at 5:00pm Eastern time on that date.

  • For Rider Date the Rider Payment Option chosen, the Annuity Factor from Schedule I The date that the rider is added to and the Minimum Annuitization Value the Certificate.

  • The MUSL Annuity Factor is determined through a process as approved by the MUSL Finance and Audit Committee.

  • Employees hired prior to July 1, 2001, shall be provided a Michigan Municipal Employees Retirement System (MERS) with the following benefit programs: B-4 (multiplier) F55/20 (age and service) FAC-3 (final average compensation) The bargaining unit has chosen to adopt a B-4 Pension Annuity Factor under the provisions of the Municipal Employees Retirement System (MERS).

  • RGMI 4 499 GUARANTEED MINIMUM INCOME BENEFIT (C) is the Minimum Annuitization Value after the current On the Election Date, the Certificate Year maximum Certificate Owner may use the annual free amount has been Minimum Annuitization Value and the withdrawn, but prior to applicable Annuity Factor to withdrawal of the excess provide variable payments to the portion.

  • The bargaining unit has chosen to adopt a B-3 Pension Annuity Factor under the provisions of the Municipal Employees Retirement System (MERS).

  • This is also the time of annuitization, the age 85 Certificate Anniversary that the Annuity Factor will be used for Certificate Owner most recently Schedule I.


More Definitions of Annuity Factor

Annuity Factor means the factor provided by an insurance company that would be applied to determine the single sum amount needed to purchase a commercial annuity that will provide an amount equal to the Monthly Benefit Amount.
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Related to Annuity Factor

  • Capacity factor means the ratio of the average load on a machine or equipment for the period of time considered to the capacity rating of the machine or equipment.

  • Interest Factor means monthly compounding, discounting or annuitizing, as applicable, at a rate set forth in Exhibit A.

  • S&P Volatility Factor means 277% or such other potential dividend rate increase factor as S&P advises the Corporation in writing is applicable.

  • Annuity Unit An accounting unit of measure used to calculate the amount of Annuity Payments.

  • Fit factor means a quantitative estimate of the fit of a particular respirator to a specific individual, and typically estimates the ratio of the concentration of a substance in ambient air to its concentration inside the respirator when worn.