actuary

noun
ac·​tu·​ary | \ ˈak-chə-ˌwer-ē How to pronounce actuary (audio) , -shə-, -ˌwe-rē- \
plural actuaries

Definition of actuary

1 obsolete : clerk, registrar
2 : a person who calculates insurance and annuity premiums, reserves, and dividends

Examples of actuary in a Sentence

Recent Examples on the Web Migrants without legal status paid an estimated $12 billion in Social Security taxes in 2010 alone, without an opportunity to receive benefits, according to a Social Security actuary report. Dianna M. Náñez, azcentral, "'Do they want us to go hungry?': No relief checks for undocumented workers. Here's why," 10 Apr. 2020 Before the crisis, Social Security actuaries projected that payouts will outstrip revenues by about 2034. Todd J. Gillman, Dallas News, "Mass layoffs and payroll tax holiday will squeeze Social Security, already facing crunch in 14 years," 3 Apr. 2020 Those plans will then be scrutinized by the state Insurance Department’s actuaries to make sure the refund amounts are adequate when compared with projections of how much, say, driving or payroll has decreased, the department spokesman said. Samantha Masunaga, Los Angeles Times, "Insurance companies ordered to give refunds to Californians due to coronavirus," 13 Apr. 2020 Casey is an attorney and former actuary running for the Alabama Public Service Commission presidency on a platform of bringing the commission’s work out from behind closed doors. al, "Alabama Public Service Commission president candidates," 1 Mar. 2020 Sudbury said an outside vendor had already been hired by his client, CCR Equity Holdings One – a one-man company founded by an actuary named Cabe Chadick – to begin hauling off all the materials stored on site. Robert Wilonsky, Dallas News, "Clean-up at southeast Dallas’ Shingle Mountain begins, finally, just as Texas steps into City Hall’s fight," 12 Mar. 2020 Maximize Social Security Social Security will make up 60% to 80% of most retirees’ income, so maximizing those checks is essential, says actuary Steve Vernon, a consulting research scholar at the Stanford Center on Longevity. oregonlive, "Liz Weston: Here’s how to ensure cash flow in retirement," 8 Jan. 2020 Social Security will make up 60% to 80% of most retirees’ income, so maximizing those checks is essential, says actuary Steve Vernon, a consulting research scholar at the Stanford Center on Longevity. Washington Post, "Liz Weston: How to create a retirement ‘paycheck’," 23 Dec. 2019 The federal government’s actuaries have told us the price of inaction. Allyson Y. Schwartz, STAT, "Deadline looms to stop the Health Insurance Tax — but Congress has been there before," 13 Dec. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'actuary.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of actuary

1570, in the meaning defined at sense 1

History and Etymology for actuary

borrowed from Latin āctuārius "shorthand writer, keeper of accounts," alteration (with -u- from the u-stem action noun āctus) of *āctārius, from āctum "public transaction, record" + -ārius -ary entry 1 — more at act entry 1

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Time Traveler for actuary

Time Traveler

The first known use of actuary was in 1570

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Statistics for actuary

Cite this Entry

“Actuary.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/actuary. Accessed 8 Aug. 2020.

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More Definitions for actuary

actuary

noun
How to pronounce actuary (audio)

English Language Learners Definition of actuary

: a person whose job is to tell insurance companies how much they should charge people for insurance based on risks

actuary

noun
ac·​tu·​ary | \ ˈak-chə-ˌwer-ē, -shə- How to pronounce actuary (audio) \
plural actuaries

Legal Definition of actuary

: a person who calculates insurance and annuity premiums, reserves, and dividends

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More from Merriam-Webster on actuary

Rhyming Dictionary: Words that rhyme with actuary

Spanish Central: Translation of actuary

Nglish: Translation of actuary for Spanish Speakers

Britannica.com: Encyclopedia article about actuary

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