Actuarial matters

Actuarial situation

The result of the actuarial valuation as at 31 December 2003 was an actuarial surplus of 1.14 per cent of pensionable remuneration.

Actuarial valuations for the Fund are undertaken every two years to determine whether the present and estimated future assets of the Fund will be sufficient to meet its present and estimated future liabilities, using various sets of assumptions as to future economic and demographic developments.

Article 119 Insurance companies engaging in insurance of persons must appoint and employ actuarial professionals recognized by the financial supervision and regulation department and establish an actuarial reporting system.

The planning and budgeting assumptions were divided into general strategic assumptions and programme specific assumptions for guidance down to the detailed programme level of work.

Variations in budgetary assumptions

They have no knowledge of that. They only follow assumptions, and assumptions are no substitute for the truth.

They have no knowledge of that. They only follow assumptions, and assumptions are no substitute for the truth.

Figure 4 United Nations Joint Staff Pension Fund evolution of actuarial situation since 1990

Most of them follow nothing but assumptions and assumptions avail nothing against the truth. God is fully aware of what they do.

Most of them follow nothing but assumptions and assumptions avail nothing against the truth. God is fully aware of what they do.

The actuarial report will show required contributions and imbalances, an analysis of gains and losses, calculations of the actuarial value of accrued benefits, hypothetical projection results over 30 years and the results of monitoring of the two track system.

What is the basis of your assumptions?

The changes underway in American defense policy reflect planning assumptions. The strategy that emerges will be only as strong as these assumptions are accurate.

UNOPS has exercised caution in its budgetary assumptions.

The United Nations Joint Staff Pension Board approved their statement on the actuarial position of the Fund.

Nevertheless, the national consensus has shifted, shaking all assumptions about Israeli politics. The February elections will put those assumptions to their severest test in decades.

(i) Going concern, consistency and accrual are fundamental accounting assumptions.

The Board of Auditors has repeatedly reported this issue, with no result so far other than an improved actuarial computation.

His delegation was pleased that the Fund's value had increased substantially and that actuarial valuations had shown surpluses since 1997.

UNODC has now received information on the actuarial valuation, which shows that the potential liability will substantially exceed available reserves.

You've really got to just throw your assumptions out the door.

3. Notes that the Board approved the recommendation of the Working Group to eliminate the 1.5 percentage point reduction in the first consumer price index adjustment due to existing and future beneficiaries, subject to an actuarial surplus being revealed in the actuarial valuation to be performed as at 31 December 2003

(a) Preparation of an actuarial valuation to be performed in 2006, on the basis of data as at 31 December 2005, including production of the formal report and preparation of various papers for the Committee of Actuaries and United Nations Joint Staff Pension Board pertaining to the regular actuarial valuation work.

Once accepted, the study would be conducted by a specialized consulting firm and carried out concurrently with the next actuarial valuation.

The actuarial valuation of the post retirement health insurance benefits of UNDP and the United Nations Secretariat is carried out jointly.

4), a reduction of 33,860,400 resulting from revised exchange rate assumptions, additional requirements of 24,074,600 related to revised inflation assumptions and a reduction of 43,011,800 due to adjustment of staff assessment ( 43,011,800).

If we are to call the tyranny of assumptions into question, and avoid doxa, the realm of the unquestioned, then we must be willing to subject our own assumptions to debate and discussion.

We depend on the fact that audiences, such as yourselves, will make assumptions.

My years as a mystic have made me question almost all my assumptions.

Moreover, we're afraid that technology has altered our very assumptions of cultural consumption.

The first lesson is that the MDGs made assumptions that cannot be validated.

In reality, our contemporary frameworks for political economy are replete with unstated assumptions about the system of ideas underlying the operation of political systems. Make those assumptions explicit, and the decisive role of vested interests evaporates.

I'd like to discuss some of these assumptions and the problems associated with them.

Those three assumptions could bring greater objectivity to the reactivation of Security Council reform.

Iraq asserts that Jordan's terrestrial claim is based on theoretical assumptions that are flawed.

Contrary to widely held assumptions, an emphasis on action provides a special urgency to thinking.

But we must acknowledge that this moment has brought about a rare consensus of assumptions.

If these assumptions are not realised, then trials may well be pushed beyond that date.

Creation of such a post would mitigate risk by improving the quality of the actuarial valuation and related projections, particularly in relation to demographic trends.

Being a rebel is about recognizing that experts' assumptions and their methodologies can easily be flawed.

What we seek today is a commitment based on conviction not on pressure, coercion or assumptions.

However, these assumptions are not based on evidence which is in the possession of the Prosecutor.

To fool you, ladies and gentlemen, to deceive you, to show that you, too, can make assumptions.