Actuarial Rate

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Actuarial Rate

An estimate of the future loss on a pension fund based on historical loss under similar circumstances. The actuarial rate may be right or wrong, and can result in an actuarial gain or an actuarial loss for the company. See also: Actuarial Assumptions.
References in periodicals archive ?
reported the actuarial rates of 2%, 12%, 26% after 3, 5 and 10 years of SRS, respectively.
The actuarial rates charged for flood coverage under the NFIP are not sufficient, and it's created a debt of about $25 billion.
"Now with new actuarial rates, private carriers see some money can be made," added Kammas, who explained that even if the bill passes, the NFIP will still be able to offer flood insurance, but they will no longer be the primary provider of flood insurance.
The proposition faces opposition from some lawmakers who believe people who could afford second homes or vacation homes generally have sufficient income to pay actuarial rates for flood insurance.
They would also need to compete with the NFIP, which as a government entity is able to offer coverage that is, on average, below actuarial rates. The event that may have upset this equilibrium was Congress' passage of the Biggert-Waters Act.
the scheme is voluntary for the States/UTs; scheme is available to all farmers loanee and non-loanee both; coverage of all food crops (cereals, millets & pulses), oilseeds and annual commercial/horticultural crops in respect of which past yield data is available for adequate number of years; premium rates varies between 1.5% to 3.5% of sum insured for food & oilseed crops; incase of annual commercial/horticultural crops and higher sum insured & indemnity level than that of normal for food & Oilseed crops, actuarial rates of premium are charged; 10% premium subsidy for small & marginal farmers; Financial liability except where actuarial premium is charged, is shared between the Central and State Governments on 50:50 basis.
Three months before Superstorm Sandy struck, Congress passed legislation phasing in actuarial rates for those insured through the National Flood Insurance Program (NFIP).
What they should have been referring to was the 2012 law reauthorizing the National Flood Insurance Program (NFIP) and mandating that subscribers pay actuarial rates.
The removal of subsidies for pre-firm secondary buildings and businesses will increase these premiums 25 percent until these types of properties are more in line with actuarial rates.
Those reforms include phasing in new actuarial rates for certain properties, such as second and vacation homes, commercial properties, homes sold to new owners and repetitive loss properties, during the next five years.
Additional optional policy coverage would be added under the bill, allowing business owners to purchase business-interruption coverage at actuarial rates to better prepare them to meet payroll and other obligations during the next big storm.
Anyway, the income the pension pot buys at the end of it all depends on actuarial rates prevailing at the time, which nobody can guess.
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