Actuarial Equivalent

Actuarial Equivalent. Means a benefit of equivalent value using the applicable interest rate under Section 417(e)(3) of the Code, as determined for the month of November of the preceding year and the applicable mortality table under Section 417(e)(3) of the Code.

Actuarial Equivalent. A benefit of equivalent value to an otherwise payable benefit on the basis of: (i) Mortality in accordance with the Unisex Pension Mortality Table (UP-84). (ii) Interest at the rate specified by the Pension Benefit Guaranty Corporation to value immediate annuities for plans terminating as of the October 1 preceding the Plan Year in which the determination is being made.

Actuarial Equivalent. Means a benefit of equivalent value when computed on the basis of an interest rate of 6.5% and the 1983 Group Annuity Mortality Table, Unisex (50% male, 50% female), with no setback; provided, however, that for purposes of determining the value of a lump sum distribution, the following assumptions will be used: Interest: Applicable interest rate... under Section 417(e)(3) of the Code, as determined for the month of November of the preceding year. Mortality: Applicable mortality table under Section 417(e)(3) of the Code. View More

Actuarial Equivalent. Shall be computed on the basis of the actuarial assumptions specified in the NUSCO Retirement Plan.

Actuarial Equivalent. Means, with respect to a Plan Benefit, or any portion thereof, an amount of equivalent value determined on such actuarial basis as the Committee, in its sole discretion, shall determine is reasonable and appropriate and which shall be applied by the Committee in a uniform and consistent manner.

Actuarial Equivalent. Actuarial Equivalent or Actuarially Equivalent means a form of benefit payment having an equivalent value.

Actuarial Equivalent. An amount having equal value when computed on the basis of a 6% interest rate compounded annually and the 1983 Group Annuity Mortality Table (blended 50% male/50% female)

Actuarial Equivalent. Means an amount calculated as specified under Section 2, Step 2, below using the applicable mortality and interest rate specified in Section 417(e) of the U.S. Internal Revenue Code of 1986, as amended (the "Code"). The interest rate will be based on the average 30-year U.S. Treasury Note rate of interest (or its successor, as designated by Regulations promulgated by the U.S. Internal Revenue Service) for the month prior to any calculation involving the Actuarial Equivalent.

Actuarial Equivalent. A benefit of equal value to the benefit which otherwise would have been provided, determined on the basis of the actuarial assumptions and methods then in use under the Retirement Plan.

Actuarial Equivalent. An amount that is the actuarial equivalent of a value using the actuarial assumptions specified for such purpose under the Retirement Plan.