MLchartDataset catalogue

Actuarial value

Term · Economic statistics · MLC-T-ECS-000015

Reduction formula applied to the amount of the normal retirement benefit on the basis of statistical assumptions so that, on average, the retiree receives a total lifetime payout that should be the same total amount regardless of retirement age.

Table 1. Record
IdentifierMLC-T-ECS-000015
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-000015",
  "term": "Actuarial value",
  "field": "Economic statistics",
  "definition": "Reduction formula applied to the amount of the normal retirement benefit on the basis of statistical assumptions so that, on average, the retiree receives a total lifetime payout that should be the same total amount regardless of retirement age.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/actuarial-value/"
}

Record 15 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.