Prospective benefits funding method: Difference between revisions
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''Pensions funding.'' | ''Pensions funding.'' | ||
A funding method in which the actuarial valuation at the valuation date is the present value of | |||
A funding method in which the actuarial valuation at the valuation date is the present value of: | |||
#The actual benefits for pensioners and deferred pensioners and their dependants, and | |||
#The benefits that active members will receive in respect of both past and future Pensionable Service | |||
#Allowing for future increases to salaries and benefits, and | |||
#Net of the present value of future contributions payable in respect of active members at the standard contribution rate. | |||
== See also == | == See also == | ||
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* [[Funding method]] | * [[Funding method]] | ||
* [[Past service liabilities]] | * [[Past service liabilities]] | ||
[[Category:Manage_risks]] | |||
Latest revision as of 20:11, 25 August 2013
Pensions funding.
A funding method in which the actuarial valuation at the valuation date is the present value of:
- The actual benefits for pensioners and deferred pensioners and their dependants, and
- The benefits that active members will receive in respect of both past and future Pensionable Service
- Allowing for future increases to salaries and benefits, and
- Net of the present value of future contributions payable in respect of active members at the standard contribution rate.
