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In business, an actuary is a person trained in the mathematics of statistics and probability theory. Some are employed by insurance companies to calculate probable lengths of life and advise insurers on the amounts that should be put aside to pay claims and the amount of premium to be charged for each type of risk. Actuaries also advise on the administration of pension funds; the government actuary is responsible for advising the government on National Insurance and other state pension schemes.
 Research Actuary
National Insurance is a levy in Britain for social security purposes, notionally intended to fund sickness and unemployment benefits and national retirement pensions. There are four classes of payment: Class 1 primary and secondary, paid by employees and employers respectively, based on the wages and salaries of employees; Class 2, a weekly sum paid by the self-employed; Class 3, voluntary contributions to keep up contribution requirements; Class 4, a further levy on the self-employed based on levels of profit.
Research National Insurance
An occupational pension is a pension derived from a private pension scheme organized by the employer or employers for whom the recipient used to work. It is distinguished from a state pension which is financed from national insurance.
Research Occupational Pension
NI is an abbreviation for Nicaragua
NI is an abbreviation for National Insurance
NI is an abbreviation for Northern Ireland
NI is an abbreviation for Naval Instructor
NI is an abbreviation for Nuclear Institute
NI is an abbreviation for Nickel
Research NI
NIS is an abbreviation for Network Information System
NIS is an abbreviation for NATO Identification System
NIS is an abbreviation for Naval Investigative Service
NIS is an abbreviation for National Insurance Surcharge
Research NIS
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The Probert Encyclopaedia was designed, edited and programed by
Matt and Leela Probert
©1993 - 2009 The Probert Encyclopaedia
Southampton, United Kingdom
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Abbreviations
