What does actuarial cost method mean?

actuarial cost method meaning in Law Dictionary

n accountint solution to calculate worth of future advantages, fund adminstration expenditures, and assigns prices towards the times that may handle it.

actuarial cost method meaning in Business Dictionary

bookkeeping technique found in computing today's worth of future advantages (payable on pension program members) and investment administration costs, as well as in assigning these costs toward respective accounting periods.