Factors used by the actuary in forecasting uncertain future events affecting pension cost. They include such things as salary growth, interest, investment earnings, and mortality rates.
The estimated values - for such elements of insurance product design as mortality rates, investment earnings, expenses, and policy lapses - on which an insurer bases its product pricing and policy reserve calculations. TO TOP
Assumptions made by actuaries in estimating certain benefit costs (for example: yield rate, mortality rate, employee turnover, etc.).
Assumptions that actuaries make in regard to earnings, mortality, turnover, interest, and other areas necessary for calculating premium rates.
Every three years, actuaries determine whether a pension plan has sufficient assets (invested assets plus current and future contributions) to meet future liabilities (pension obligations). They assume rates of growth in wages and employment to determine total plan contributions. They estimate long-term rates of return for invested assets. They project changes in the retired population and the total cost of pension entitlements, including assumptions about future inflation rates, which increase the costs of pension benefits.
Estimates of future experience with respect to the rates of mortality, disability, turnover age at retirement, investment income, and salary trends. Estimates are made on past experience and modified based on conditions which will affect the future
The actuaries' view of the future trends that will affect the scheme's assets and liabilities.
An entity's unbiased and mutually compatible best estimates of the demographic and financial variables that will determine the ultimate cost of providing post-employment benefits.
The set of assumptions as to rates of return, inflation, increase in earnings, dividend increases, and mortality etc, used by the actuary in an actuarial valuation or other actuarial calculations.
Certain assumptions made by the plan's actuary that are used to determine contributions to a defined benefit plan. The assumptions may include mortality rates, investment return, turnover rates, retirement rates and age, and salary scale.
The estimates that an actuary uses to calculate the expected costs and revenues of a plan. These are based upon the risks associated with providing certain coverages and can include utilization rates, the age and sex mix of enrollees, and medical services costs.
The mortality, morbidity, expense, interest, and other forecasts used to calculate premium rates and reserves.
These are the figures and estimates that an actuary uses when they make an actuarial valuation . This can include how long people are expected to live, price rises, how much people are expected to earn, and the income from the pension scheme investments.
In a defined benefit scheme the set of assumptions made by the actuary as to rates of return, inflation, increase in earnings, mortality, etc. which form the basis of an actuarial valuation or other actuarial calculation.