A-14: The actuarial adjustment necessary to convert a participant's benefits into different forms and/or payment periods so that the total value of a participant's pension benefits remains equal (on an actuarial basis) regardless of the form of benefit or the commencement date the participant may elect.

It is the study and application of financial concepts associated mainly with demography (i.e. analysis of population mortality, life expectancy etc.) to real world problems predominantly in the insurance arena. See similar questions...

The traditional areas in which actuaries operate are: consultancy, investment, life and general insurance and pensions. Actuaries are also increasingly moving into other areas of the financial sector where their analytical skills can be employed. Actuarial consultancies offer a whole range of services to their clients on issues such as acquisitions, mergers, corporate recovery and financing capital projects. Many also offer advice to employers and trustees who run occupational pension schemes. See similar questions...

Like the Advanced Program in Mathematics, the Actuarial Studies Program at Macquarie University is highly regarded. However, if you are trying to decide between them, make sure you know what each of them involves. Talk to each department and make up your own mind. Actuarial studies is very suitable for students who are good at mathematics but whose interests lie more in the world of commerce and who want a clearly defined career path. See similar questions...

A-15: The actuarial adjustment required when a plan participant elects to commence pension benefits before normal retirement age. Because the participant's benefits will commence before normal retirement age, they must be reduced based on the participant's life expectancy and the fact that the individual will be receiving benefits over a longer period of time. See similar questions...

This is a payment plan for service credit purchase where the debt is placed against the equity in a member's account. See similar questions...

Synonyms: any single item on the Diseases Database can have many 'names'. Thus you will find chronic obstructive pulmonary disease if you search for it as COAD, COPD or chronic obstructive airways disease. Equivalents: e.g. hyperbilirubinaemia and jaundice. One is a physical sign , the other a biochemical abnormality. The threshold for clinically observable jaundice is higher than the upper limit of normal for serum bilirubin. See similar questions...

The idea of wish is that you read from <STDIN> and evaluate each statement. The standard way to do this in Perl/Tk is to use the tkpsh script that comes in your Perl/Tk build directory. Another elegant way to get wish like behavior in Perl/Tk is to use rmt which you can find in perl5/Tk/demos in your Perl/Tk distribution. When you run rmt you already have Tk.pm set up for you so you can start typing things like $mmm = new MainWindow; etc. at the rmt: prompt. See similar questions...

Every lens has a focal length which is a physical property of the lens. Once the lens is made, this cannot be changed. The field of view associated with a lens will be a function of the area projected by the lens that is captured by the camera. For 35mm film photography, this area is 36mm by 24mm. Note that if you change the area captured, the field of view also changes. See similar questions...

The Access Board’s standards provide that agencies may accept EIT offered by vendors which uses designs or technologies that do not meet the applicable technical provisions in Subpart B but provide substantially equivalent or greater access to and use of a product for people with disabilities. (See 36 CFR 1194.5.) This is referred to as "equivalent facilitation." Equivalent facilitation is not an exception or variance from the requirement to provide comparable access. See similar questions...

The easiest way to meet a prerequisite is to take the prerequisite at LBCC. For example, a student would normally take CHEM 1A at LBCC prior to enrolling in CHEM 1B. If the student took a course at another college which was equivalent to LBCC's CHEM 1A, it can be used to meet the prerequisite requirement for CHEM 1B. See similar questions...

For reference types, the equivalent of VB's Nothing is C#'s null. For value types, it's the default value - 0, false, etc. See similar questions...

Given the expected continuous growth in the insurance market, it is anticipated that the demand for actuaries in Malaysia will continue to grow in the next few decades. Future regulatory developments (e.g. requirement for certification of IBNR) and the increasing need for risk management are likely to result in significant increase in demand for actuarial services by general insurers. See similar questions...

Universiti Kebangsaan Malaysia (UKM), Universiti Teknologi Mara (UiTM), University Tunku Abdul Rahman (UTAR), University Malaya (UM) Degree transfer programs are offered by these various colleges: University College Sedaya International (UCSI), Help Institute, Inti College, Prime College. London School of Economics, Heriot-Watt University, City University, Southampton niversity, University of Kent, University of Wales. See similar questions...

Simple answer. It is the difference between what PERS actually has on hand in assets and what PERS would need to fully liquidate the system and pay off all benefits until the very last beneficiary died. It is a “paper” number that changes with circumstances over time. A sustained period of stock market losses can drive up the UAL, while a sustained period of stock market gains can lower it. (It isn't quite this simple, but this should convey the most important elements). See similar questions...

When no payment is made, or when the payment is insufficient to pay the accumulated finance charge, the actuarial method requires that the unpaid finance charge be added to the amount financed and thereby capitalized. Interest is computed on interest since in succeeding periods the interest rate is applied to the unpaid balance including the unpaid finance charge. See similar questions...

Use a state abbreviation or name only if looking for all companies licensed or domiciled within that state Do not start with the full company name. Instead, begin the search with the simplest, unique portion of the company name and refine the search from there. For example, a search for "XYZ Title Insurance Company of Florida" would provide hundreds of results. These results would: See similar questions...

Actuarial science is a subject in statistics that focuses primarily on insurance and pension plans, whereas the QFN Programme focuses on the areas of business finance, financial engineering and quantitative methods. See similar questions...

Variant Creutzfeldt-Jacob Disease (vCJD) was first diagnosed in 1996. It is now generally assumed to be caused by the transmission of BSE to humans. There are 99 confirmed or suspected cases in the EU to date, mostly in young people. All cases have occurred in the UK with the exception of France (3) and Ireland (1)). Estimates of the future number of vCJD cases vary widely as too little is known about the incubation period between exposure to the infective agent and the emergence of symptoms. See similar questions...