Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Actuarial Valuation

In a pension or a benefit plan trust, this is the total amount needed to meet promised benefits. This set of mathematical procedures typically calculates the value of benefits to be paid, the funds available, the annual contribution required, and the amount of expense that an organization can take on for accounting and tax purposes.

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Actuarial Equivalent

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Actuarially Sound

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