Prospective benefits funding method: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 21/8/13) |
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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 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. | 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]] | ||
Revision as of 11:45, 21 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.
