Actuarial liabilities definition

Actuarial liabilities means the excess of the present value of all benefits payable under a defined
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Actuarial liabilities means the excess of the present value of all benefits payable under a defined benefit retirement plan over the present value of future normal costs in that retirement plan.
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Actuarial liabilities means the actuarial liabilities of the Plan on any date, as determined by the Actuary using the method and assumptions employed in determining the value of the actuarial liabilities of the Plan in the last actuarial valuation of the Plan filed prior to the date of such determination with the applicable regulatory authorities pursuant to the requirements of the Pension Benefits Act and the Income Tax Act.
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Examples of Actuarial liabilities in a sentence

  • Changes in Actuarial Liabilities Changes in actuarial liabilities are as follows: For the three months endedFor the nine months ended September 30, 2010 (1) This balance has been restated.

  • Actuarial Liabilities (Assets), net (5-6) 2,619 EXPENSES TO BE RECOGNIZED IN 2002 (PARENT COMPANY) Plan ------------------------ Effects to be recognized PBS ----- 1.

  • Benefit Payments ($ millions) Payments to Policyholders, Beneficiaries and Depositors 12,532 12,926 11,688 Net Transfers to Segregated Funds 600 544 1,329 Increase in Actuarial Liabilities 1,425 1,510 3,822 Total 14,557 14,980 16,839 Expenses and Other Commission expenses increased $68 million in 2004, up 4% from 2003.

  • BENEFIT PAYMENTS ($ millions) 2002 2001 2000 Payments to Policyholders, Beneficiaries and Depositors 11,688 6,880 6,729 Net Transfer to Segregated Funds 1,329 2,606 2,562 Increase in Actuarial Liabilities 3,822 1,697 1,611 Total 16,839 11,183 10,902 EXPENSES AND OTHER Commission expenses increased to $1.9 billion in 2002, up $309 million from the 2001 level.

  • Under U.S. GAAP, the actuarial liabilities assumed on acquisition of a business are valued in accordance with the policies described in the Actuarial Liabilities discussion using current assumptions as at the date of acquisition.

  • Actuarial Liabilities / (Assets) net 3,494 (257) 856 11 (710) TELE CELULAR SUL PARTICIPACOES S.A. TELE CELULAR SUL PARTICIPACOES S.A. AND SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS AT DECEMBER 31, 2001 AND 2000 ALL AMOUNTS IN THOUSANDS OF REAIS UNLESS OTHERWISE INDICATED EXPENSES RECOGNIZED IN 2002 (CONSOLIDATED) PLANS EFFECTS TO BE RECOGNIZED CONVENIO DE PBS - ADMINISTRACAO - PBS ASSISTIDOS SUBMASSA 03 PAMEC PBT -------- ---------- --------------- -------- ----- 1.

  • Annual Pre-tax Operating Income1 Year Amount 2011 $323.0M 2012 $376.7M 2013 $372.7M 2014 $350.3M 2015 $233.5M Quarter Amount 1Q 2015 $20.3M 1Q 2016 $53.2M 2015 results beyond typical volatility Value embedded in U.S. in-force Key Messages Significant projected value embedded in in-force (excludes future new business) Value of 2015 new business in excess of 2015 assumption change to older-age mortality Actuarial Liabilities – U.S. GAAP vs.

  • Changes in Accounting Policies Actuarial Liabilities: On October 1, 2001, the Company adopted the Standards of Practice for the Valuation of Policy Liabilities of Life Insurers of the Canadian Institute of Actuaries in which the policy premium method was replaced by the Canadian asset liability method.


More Definitions of Actuarial liabilities

Actuarial liabilities means the actuarial liabilities determined on the basis used by the company for making returns of actuarial liabilities in terms of the insurance legislation of the Republic;
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Actuarial liabilities means the present value of estimated policy benefits and costs less the present value of future premiums (adjusted for provision for adverse deviations) and are a measure of the amounts which, together with future premiums and investment income, will be required by a life insurance company in order to discharge its obligations under its insurance policies and annuity contracts and to pay expenses related to the administration of those policies and contracts.
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Actuarial liabilities mean the liabilities of the Plan calculated by the Actuary in accordance w it h t he A ct ua r ia l A s s um pt io ns a nd Methods, excluding any future Indexing provided to Pensioners pursuant to Article 7.1(a) of this Agreement;
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Actuarial liabilities has the meaning ascribed thereto in Section 9.7(e);
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Actuarial liabilities means the excess of the present value of all benefits payable under a retirement system over the present value of future normal costs in that retirement system.
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Related to Actuarial liabilities

  • Actuarial valuation means a mathematical determination of

  • Unfunded Liabilities means, with respect to any Plan at any time, the amount (if any) by which (i) the value of all benefit liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions), all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA.

  • Pension Plans The meaning specified in Section 4.1(v).

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person, (iii) any Synthetic Lease Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Consolidated Current Liabilities means, as at any date of determination, the consolidated current liabilities of the Borrower and its Restricted Subsidiaries that may property be classified as current liabilities in conformity with GAAP, excluding, without duplication, the current portion of any long-term Indebtedness.

  • Unfunded Current Liability of any Plan shall mean the amount, if any, by which the present value of the accrued benefits under the Plan as of the close of its most recent plan year, determined in accordance with Statement of Financial Accounting Standards No. 87 as in effect on the date hereof, based upon the actuarial assumptions that would be used by the Plan’s actuary in a termination of the Plan, exceeds the fair market value of the assets allocable thereto.