Actuarial Assumptions

Actuarial Assumptions

The assumptions that actuaries use in calculating expected costs and revenues of a health plan.
Examples of actuarial assumptions Utilisation rates, age & gender mix of enrolees, cost for medical services.
References in periodicals archive ?
Actual earnings that are greater than those used in the actuarial assumptions, and actual benefits paid that are less than those assumed in the calculations, are part of the trust's experience gains and reduce future years' deductible contribution amounts.
Schedule B (Actuarial Information) and its instructions improve reporting on investment returns, actuarial assumptions and the summary of eligibility and benefit provisions used in plan valuations.
The statutory reserve calculated by this method significantly exceeds the economic reserve, which is based on the insurer's realistic actuarial assumptions.
The parameters require that the selection of actuarial assumptions, including the healthcare, cost trend rate for postemployment healthcare plans, be guided by applicable actuarial standards.
Under some specific behavioral and actuarial assumptions, the first-best indemnity schedule should increase and be concave with losses.
671-1(h)(3)(iii) provides an exception from taxation of surplus assets where the taxpayer demonstrates that the surplus is attributable to either (i) a "reasonable funding" method, applied using actuarial assumptions that the Commissioner deems to be reasonable, or (ii) experience that is favorable relative to any actuarial assumptions used to determine reasonableness.
Annual contributions depend on actuarial assumptions, one of which is the expected rate of return on pension fund investments.
When a company funds its pension plan, it must make actuarial assumptions as to how long its retirees will live--and, hence, how much money it needs to put aside to pay for their lifetime retirement benefits.
HARRINGTON: The point is, in the 1960s and 1970s, you had much different actuarial assumptions long term.
The company reported net losses in its third quarter 2012 International Financial Reporting Standards' financial results due to a large CAD 1 billion charge related to its annual review of actuarial assumptions and a $200 million goodwill write-off.
The Contractor will conduct the annual valuation in accordance with generally accepted actuarial methods and practices, including standards prescribed by the Actuarial Standards Board, the Governmental Accounting Standards Board, and the actuarial assumptions and methods adopted by the Retirement Plan Committees.
Actuarial assumptions, including both the discount rate and inflation rate, that can reasonably be expected to be achieved over the long term.