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What is a sampling frame?
Expected Return
The predicted average of the probabilities of various returns an investment can generate, reflecting the anticipated earnings or loss.
Actuarially Assumed
Refers to statistical calculations and estimates made by actuaries, often related to insurance and pension fund liabilities.
Service Cost Component
The element of pension expense that represents the present value of benefits attributed by the pension plan formula to employee service during the period.
Defined Benefit Pension Plan
A type of pension plan where an employer promises a specified pension payment upon retirement, based on the employee's earnings history and tenure.
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