Actuarial Equivalence (or Actuarially Equivalent definition

Actuarial Equivalence (or Actuarially Equivalent means equality in value of the aggregate amounts expected to be received under different forms of payment based on interest rate and mortality assumptions as defined below unless otherwise specifically provided in the Plan:

Examples of Actuarial Equivalence (or Actuarially Equivalent in a sentence

  • Actuarial Equivalence or Actuarially Equivalent means that any benefit payable underthe terms of this Plan in a form other than the normal form benefit shall have the same actuarial present value on the date payment commences as the normal form of benefit.

Related to Actuarial Equivalence (or Actuarially Equivalent

  • Actuarial equivalent means a benefit of equal value when

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

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

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

  • 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.

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

  • Actuarial valuation means a mathematical determination of

  • 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.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

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

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Single Life Annuity means an annuity payable for the life of a Participant.

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

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Change in Control Benefit means the benefit described in Section 2.4.

  • Termination Benefit means the benefit set forth in Article 7.

  • Spousal equivalent means a cohabitant occupying a relationship generally equivalent to that of a spouse.