Actuarial valuation

Pensions. 1. An investigation by an Actuary into the ability of a defined benefit pension scheme to meet its actuarial liability.

2. The related money amounts - assessed by an Actuary - of the pension scheme's liabilities, assets and surplus or deficit.

See also

• Accrued benefits funding method
• Actuarial gains and losses
• Actuarial liability
• Actuary
• Funding method
• Valuation basis
• Valuation date