actuarial accrued liability
Definition
Excess of the present value of a pension fund's total of future benefits (payable to the pension plan participants) and fund administration expenses over the present value of the future normal cost of those benefits. See also unfunded actuarial liability.
actuarial accrued liability is in the Disaster Planning & Risk Management, General, Marine, & Life Insurance, HR, Teams, & Training and Planning & Scheduling subjects.
actuarial accrued liability appears in the definitions of the following terms: actuarial valuation and unfunded actuarial liability
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