Definition: Actuarial deficiency

Living conditions

In a situation when the actuarial value of a pension fund’s assets is less than the actuarial liability, the measure of this value.

Source:
Organisation for Economic Co-operation and Development (OECD)/Organisation de coopération et de développement économiques (OCDE), OECD Glossaries/Glossaires de l'OCDE, Private pensions - OECD classification and glossary; Les pensions privées - Classification et glossaire de l'OCDE, Paris, 2005

Created:
2005-08-10

Updated:
2019-05-10