What Does Actuarial Accrued Liability Mean?

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What does Actuarial Accrued Liability mean? Read on to discover the definition & meaning of the term Actuarial Accrued Liability - to help you better understand the language used in insurance policies.

Actuarial Accrued Liability

Actuarial Accrued Liability

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.

We hope the you have a better understanding of the meaning of Actuarial Accrued Liability.

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