Examples of using Regular valuation in English and their translations into Arabic
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Colloquial
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Political
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Ecclesiastic
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Ecclesiastic
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Computer
The funded position decreased considerably when account was taken of the current system of pension adjustments, including the cost of the two-track system(1.9 per cent of pensionable remuneration); the current valuation indicated that under the regular valuation basis the funded ratio was 91.2 per cent.
Therefore, the regular valuation as at 31 December 2005 showed that the required contribution rate as at 31 December 2005 was 22.41 per cent as compared to the current contribution rate of 23.70 per cent, resulting in an actuarial surplus of 1.29 per cent of pensionable remuneration.
The regular valuation as at 31 December 2003 showed that the required contribution rate as at 31 December 2003 was 22.56 per cent, as compared with the current contribution rate of 23.7 per cent, resulting in an actuarial surplus of 1.14 per cent of pensionable remuneration.
Therefore, the regular valuation as at 31 December 2001 showed an increase of 1.33 per cent in the required contribution rate from the rate disclosed as at 31 December 1999(i.e.,
Therefore, the regular valuation as at 31 December 2009 showed that the required contribution rate as at 31 December 2009 was 24.08 per cent, compared with the current contribution rate of 23.70 per cent, resulting in an actuarial deficit of 0.38 per cent of pensionable remuneration.
The regular valuation prepared as at 31 December 1993 on the basis of 20-year participant growth assumptions, indicates a negative imbalance of 1.49 per cent of pensionable remuneration as compared to a negative imbalance of 0.57 per cent on the comparable growth assumptions basis three years earlier, or a change of 0.92 per cent of pensionable remuneration.
As indicated in paragraphs 21 to 24 of the Pension Board's report, the twenty-fourth regular valuation showed, as at 31 December 1997, a decrease of 1.82 per cent in the required contribution rate(from 25.16 to 23.34 per cent), resulting in an actuarial surplus of 0.36 per cent of the pensionable remuneration.
For the twenty-seventh regular valuation, the Committee of Actuaries proposed and the Pension Board approved the 4.5/7.5/4 set of assumptions(i.e., a 4.5 per cent annual increase in pensionable remuneration, a 7.5 per cent nominal interest rate and a 4 per cent annual inflation rate with respect to increases in pensions after award)(see report of the Pension Board, 1 para. 21).
Regular valuation 21. The Committee of Actuaries recommended, and the Standing Committee agreed in 2003, that the 4.5/7.5/4 set of assumptions(i.e., 4.5 per cent annual increase in pensionable remuneration in addition to the static scale, 7.5 per cent nominal interest rate and 4 per cent annual inflation rate with respect to increases in pensions after award) and the zero participant growth assumption should serve as the basis of the regular valuation for 2003.
With regard to the actuarial costs, the Advisory Committee was informed that the actuarial costs related to all initial 433 cases were estimated at $47.8 million, based on the use of the assumptions in the regular valuation as at 31 December 1995(including the Fund ' s mortality tables, inflation at 5 per cent per annum and interest at 8.5 per cent per annum), with an implementation date as from 1 January 1996.
At its recent session, the Board reviewed updated economic and other information similar to that provided on the occasion of previous reviews of the interest rate. At its June 1996 meeting, the Committee of Actuaries observed that the change in the real rate of return assumption for the regular valuation, from 3 to 3.5 per cent, had lowered the positive actuarial effect of the 6.5 per cent interest rate for commutation purposes, from 1.79 per cent to 1.23 per cent of pensionable remuneration.
A These assumptions were used in the" regular valuations", carried out as at 31 December 1999
As shown in the table below, the funded ratios on the" plan termination" basis under the Regular Valuations have steadily improved since 1982, both with and without the assumption of future adjustments of pensions in award at the rate of 6 per cent a year.
The Committee of Actuaries concurred that the provisions of article 16(c) do provide for limiting the amount of the proportionate share if the assets exceed the pensioners liability on the date of termination; however, the Committee was of the opinion that, should this eventuality arise, the limiting amount should be calculated by applying the" net" interest rate used in determining the pensioners liability, rather than the 3.5 per cent real rate of return used in the regular valuations of the Fund.
The Committee of Actuaries concurred that the provisions of article 16(c) do provide for limiting the amount of the proportionate share if the assets exceed the pensioners liability on the date of termination; however, the Committee was of the opinion that, should this eventuality arise, the limiting amount should be calculated by applying the" net" interest rate used in determining the pensioners liability, rather than the 3.5 per cent real rate of return used in the regular valuations of the Fund.
(Regular Valuation).
A Regular valuation basis.
Regular valuation economic assumptionsa.
Year(Regular Valuation) 5-15 year.
Analysis of the Regular Valuation results.