Actuarial Value definition

Actuarial Value means the equivalent cash value of a benefit (including, where appropriate, provision for any revaluation of such benefit) under a scheme calculated by reference to appropriate financial assumptions and making due allowance for the probability of survival to normal pensionable age and thereafter in accordance with normal life expectancy on the assumption that the member concerned of the scheme, at the effective date of calculation, is in a normal state of health having regard to his or her age;

Actuarial Value means the percentage of the total expected

Actuarial Value means the value of a benefit, when computed on the date of such determination, on the basis of the actuarial assumptions used to determine Actuarial Equivalence.

Examples of Actuarial Value in a sentence

• Actuarial value of assets: the value of investments belonging to a retirement plan, as used by the actuary for the purpose of making contributions to the plan.

• Actuarial value is a summary measure of a plan’s generosity, expressed as a percentage of medical expense estimated to be paid by the issuer for a standard population and set of allowed charges.

• Actuarial value of assets: The actuarial value of assets was determined by using the market value.

• Actuarial value is based on likely overall use of tiered networks.

• Every plan adjusted index rate is developed from the market adjusted index rate using only the allowable plan level modifiers as follows: • Actuarial value and cost-sharing design of the plan: The actuarial value for each plan was determined using our own internal model and estimates the ratio of paid to allowed dollars given that plan’s benefit design and the assumed allowed amount consistent with the projection period index rate.

More Definitions of Actuarial Value

Actuarial Value means the expected financial value for the average member of a particular benefit plan.¶

Actuarial Value or “AV” means the percentage paid by a health benefit plan of the total allowed costs of benefits.

Actuarial Value means the level of coverage of a plan, determined on the basis that

Actuarial Value means an equivalent lump sum value as of the Benefit Commencement Date using the average 30-year Treasury Rate for the month of August immediately preceding the calendar year the determination is made and the GAR 94 mortality table (50% male, 50% female).

Actuarial Value means the percentage of total average costs for covered benefits

Actuarial Value means the single sum value of a benefit under the Plan determined by the same actuarial adjustments as those specified in the Pension Plan with respect to the determination of the single sum value of a benefit payable under the Pension Plan on the date for commencement of payment of the benefit under this Plan.

Actuarial Value means the percentage of total average costs for covered benefits that a health benefits package will cover.