actuarial equivalent

actuarial equivalent. The amount of accrued pension benefits to be paid monthly or at some other interval so that the total amount of benefits will be paid over the expected remaining lifetime of the recipient. [Cases: Annuities 6; Pensions 131. C.J.S. Annuities §§ 13–14, 17–20; Pensions and Retirement Plans and Benefits §§ 69, 86.]

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词条贡献者

法律翻译Iris，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与资本市场有关的法律文件。