Actuarial Equivalence means two benefits of equal Actuarial Present Value based on the actuarial factors and assumptions specified in the provision in which “Actuarial Equivalence” is used, or if not otherwise specified, based on the assumptions described in Section 1.2.
Actuarial Equivalence means two benefits of equal actuarial present value based on the actuarial factors and assumptions specified in the provision in which that phrase is used or, if not otherwise specified, based on the assumptions described in this Section.
Actuarial Equivalence. ’ means a state of equivalent values demonstrated through the use of generally accepted actuarial principles and in accordance with section 1860D–11(c) of the Act and
Examples of Actuarial Equivalence in a sentence
Actuarial equivalence is evaluated at the target population level and is measured based on that population’s historical utilization of services for current Medicaid state plan services.
Actuarial equivalence is evaluated at the target population level and is measured based on that population’s historical utilization of services for current Medicaid State Plan services.
Actuarial equivalence will be determined as is defined in Section 1.4.
Actuarial equivalence shall be determined on the basis of the mortality rates specified in Section II.D.1 of the Adoption Agreement, and either the interest rate(s) specified in the Adoption Agreement or the Section 417 interest rates whichever produces the greater benefit.
More Definitions of Actuarial Equivalence
Actuarial Equivalence means an actuarially equivalent amount determined using the 1983 Group Annuity Mortality (GAM) table blended 50% Male and 50% Female, and interest rate of 7% per annum.
Actuarial Equivalence means an amount of equivalent value determined by reference to a specified set of conversion or reduction factors. In determining either the amount of any reduction in benefit amount or the amount of a benefit payable under the Plan in an optional form, actuarial equivalence shall be determined by applying the conversion factors set forth in the Wyeth Retirement Plan.
Actuarial Equivalence or “Actuarial Equivalent” means equality in value of the aggregate amounts expected to be received under different forms of payment computed on the following bases:
Actuarial Equivalence means, for the purposes of establishing the present value of a stated benefit, the present value determined by discounting all future payments for interest and mortality on the following:
Actuarial Equivalence means that two or more benefit plans provide the same expected value of benefits in total (as determined through generally accepted actuarial principles), though the specific benefits within those plans may differ. The actuarial analysis to determine actuarial equivalence will take into account the net value of all benefits including deductibles, coinsurance, and out-of-pocket maximums.
Actuarial Equivalence means present values calculated using the interest rate on 30-year treasury securities for the month prior to the first day of the plan year.
Actuarial Equivalence means present values calculated using the interest rate on 30-year treasury securities for the month prior to the first day of the plan year, as prescribed by the Retirement Protection Act of 1994, and the 1983 Group Annuity Mortality Tables used for lump sum purposes under the Retirement Protection Act of 1994.