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ACTUARIAL DEFICIENCY/SURPLUS

Statistics Directorate    
French Equivalent: Déficit actuariel

Definition:
The difference between the value of the assets and the value of the liabilities under the particular valuation method and assumptions being used.

Context:
Identical term, "Deficiency".

Source Publication:
The Pensions Board, 2011, The Pensions Board glossary of definitions. PDF Available at: see website.

Cross References:
Actuarial surplus
Actuarial valuation

Hyperlink:
http://www.pensionsboard.ie/en/Publications/Glossary_of_definitions/Glossary_of_definitions.pdf

Statistical Theme: Financial statistics

Glossary Output Segments:
OECD Private Pensions

Created on Friday, January 17, 2003

Last updated on Wednesday, April 24, 2013