Equivalent Actuarial Value definition

Equivalent Actuarial Value means benefits which have equal

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Equivalent Actuarial Value means equality in value of the aggregate amounts expected to be received under different forms of payment based on the same mortality and interest rate assumptions. For this purpose, the mortality and interest rate assumptions used in computing benefits under the Pension Plan will be used.

Equivalent Actuarial Value means equivalent value determined on the basis of the applicable factors set forth in Appendix A, except as otherwise specified in the Plan.

Examples of Equivalent Actuarial Value in a sentence

For purposes of this Agreement, the term "Equivalent Actuarial Value", "Supplemental Pension Benefit", "Credited Service" and "Normal Retirement Date" shall have the meaning set forth in the Supplemental Executive Retirement Plan.
For a benefit commencing prior to age 65, the benefit shall have the Equivalent Actuarial Value as the benefit determined in the preceding sentence commencing at age 65.
A Joint and 100% Survivor Annuity which is an annuity for the Executive’s life, with a survivor annuity for the life of his Spouse, if his Spouse survives him, in an amount which is the Equivalent Actuarial Value of the single life annuity for the life of the Executive.
A Member may elect by written notice delivered to the Company at least six months prior to the date on which the Supplemental Benefit would otherwise have been paid or commenced, or such other date as the Company may establish, to have the lump sum Equivalent Actuarial Value of his or her Supplemental Benefit credited to the Member’s account under the Avon Products, Inc.
EMBARQ CORPORATION By: Title: Equivalent Actuarial Value if the Participant Separates from Service on or after age 55, has a Vested Benefit or an Enhanced Vested Benefit, as applicable, in accordance with Section 4.2 of the Plan and has at least ten years of Continuous Service: The percentage of benefits will be interpolated to reflect the exact number of years and months of age at the time payments begin.

More Definitions of Equivalent Actuarial Value

Equivalent Actuarial Value means equivalent actuarial value determined using an interest rate of 5 percent and the mortality table prescribed in IRS Revenue Ruling 2001- 62, except that in determining the amount of a lump sum distribution under Section 3.07(b), equivalent actuarial value shall be determined on the basis of the applicable mortality table specified in Section 417(e)(3)(B) of the Code and the applicable interest rate specified in Section 417(e)(3)(C) of the Code for the second calendar month preceding the first day of the calendar year during which the Benefit Commencement Date occurs.

Equivalent Actuarial Value means, unless otherwise specified in ----------------------------- the Plan Agreement, a benefit of equivalent value to another form of benefit, computed on the basis of an interest rate factor of 7 percent per annum. Notwithstanding the foregoing, the Equivalent Actuarial Value of any payment made on account of a Change in Control shall be determined by using the discount rate under Treasury Regulation Section 1.280G-1, Q&A 32, or the successor regulation thereto on the date of the payment (i.e., as of the effective date of the Plan, 120 percent of the applicable Federal rate as determined under Section 1274(d) and the regulations thereunder, compounded semiannually). For purposes of Section 3.2 (regarding death benefits), Equivalent Actuarial Value shall be determined using the applicable long-term Federal rate under Section 1274(d) and the regulations thereunder, compounded semiannually, as in effect on the date of the Participant's death.

Equivalent Actuarial Value means equivalent value when computed at 6 per centum per annum on the basis of the 1971 Group Annuity Mortality Table (Male) for Members, and 1971 Group Annuity Mortality Table (Female) for contingent annuitants under optional forms of Allowances.

Equivalent Actuarial Value means, unless otherwise specified in the Plan Agreement, a benefit of equivalent value to another form of benefit, computed on the basis of an interest rate factor of 7 percent per annum.

Equivalent Actuarial Value means the equivalent value determined on the following bases:

Equivalent Actuarial Value means the equivalent value when computed on the basis of the interest rate determined as of such date under the regulations of the Pension Benefit Guaranty Corporation for determining the present value of a lump sum distribution on plan termination that were in effect on September 1, 1993 and the 1994 Group Annuity Reserving mortality table. Notwithstanding the foregoing, effective January 1, 2006, Equivalent Actuarial Value shall be determined by using the market yield on U.S. Treasury securities at 10-year constant maturities (non-inflation issues adjusted to constant maturities), as set forth in Federal Reserve Statistical Release H.15 for the first business day of the month in which the Participant’s Separation from Service occurs and the mortality table used to determine automatic lump sum cash outs under the Retirement Plan.

Equivalent Actuarial Value means equivalent value when computed on the basis of the mortality tables and interest rate last approved by the Committee appointed under the terms of the Pension Plan, as set forth herein and as amended from time to time.