The actuarial present value of benefits allocated to all periods before a valuation year is called actuarial liability.
Actuarial liability is the actuarial present value of any benefits allocated prior to the valuation year.
Actuarial liability is the actuarial value of any benefits allocated after the valuation year.
There are several people in this picture.
A poster of kittens is hanging on a wall in a restaurant.
Man in dark shirt using a computer
The clubs all close in the early evening.
A man is performing a skateboarding maneuver.
The group of people are outside on a sunny day.