Actuarial Present Value

Actuarial Present Value. Shall mean the value determined by using: (i) an investment increment compounded annually at the applicable interest rate equal to the average annual interest rate on the proxy for the thirty-year U.S. Treasury issue published by the Internal Revenue Service under Section 417(e) of the Code plus 1%, for the second month preceding the date on which a lump sum distribution is made; and (ii) a mortality rate that shall be determined according to the mortality table which... is prescribed by the Commissioner of Internal Revenue for purposes of Section 417(e) of the Code, as published in the Internal Revenue Bulletin. View More

Actuarial Present Value. Means, for any stream of payments as of any date, the actuarial present value of those payments on the date specified, determined using the 1994 Group Annuity Unisex Mortality table and assuming a 6% rate of interest.