Actuarially Equivalent

1.02 - Actuarially Equivalent means, with respect to two different forms of payment of benefits, equal monetary value on the date of determination. Equality in value shall be determined by the Actuary on the basis of actuarial table UP1994 projected to 2015 with a unisex blend of 45% male and 55% female rates and interest of 6.75% per annum, compounded annually, subject to any requirements of the Pension Benefits Act.