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ACTUARIAL EQUIVALENT

actuarial equivalent.The amount of accrued  pension benefits  to be  paid  monthly  or at some

other interval so that the total amount of benefits will be paid over the expected remaining lifetime

of  the  recipient.  [Cases:  Annuities    6;  Pensions    131.  C.J.S.  Annuities  §§  13–14,  17–20;

Pensions and Retirement Plans and Benefits §§ 69, 86.] [Blacks Law 8th]