Actuarial Equivalent

Actuarial Equivalent. 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. A benefit of equivalent present value as of the date payment commences to a stated benefit value under the Plan, determined in accordance with Section 21 of the RS Plan (or successor provision)