from Wiktionary, Creative Commons Attribution/Share-Alike License
- adj. Of or pertaining to actuaries
- adj. Relating to statistical calculation, especially pertaining to insurance.
from the GNU version of the Collaborative International Dictionary of English
- adj. Of or pertaining to actuaries.
from The Century Dictionary and Cyclopedia
- Of or pertaining to an actuary or to actuaries, or to the business of an actuary: as, actuarial calculations; an actuarial society.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- adj. of or relating to the work of an actuary
And it would include observations like this: Long-term actuarial balance for Social Security can be accomplished with minor adjustments.
As of 2000, Social Security faced a long-term actuarial deficit of 1.89% of taxable payrolls; today, the estimated deficit is little changed at 1.92%.
Danish Zakir, a third-year U of T student in actuarial science and economics, said: "I think there should be an initiation program in high school to prepare them for university."
The trustees show considerable concern that the system will technically be in "long term actuarial balance" as a result of the benefit cuts and tax hikes included in the 1983 amendments, but that's the extent of their apparent long-term thinking.
I.e.; If taxes were raised tomorrow sufficiently to close these 75-year deficits entirely, next year, when the 76th year out became the 75th, these programs would be back in actuarial deficit again.
However, your previous post had these cures for SS if indeed it's in actuarial danger: 1.
And there have been NO breakthroughs in actuarial practice since then that rendered their work obsolete or incorrect.
This Commission's co-chairs insisted on attacking Social Security because they claimed to be so concerned about its long-term actuarial deficit which is easily fixed by asking the wealthy to pay their fair share.
Finally, the Social Security and Accounts Simulator SSASIM actuarial model of Social Security financing is used to estimate the degree to which increased wage growth could negatively affect the system's infinite-term actuarial balance.
But they do not provide sensitivity analysis that examines the impact of various assumptions on the infinite-term actuarial balance.