U.S. Justice Department: Does Neighborhood Watch reduce crime? Neighborhood Watch programs became popular in the 1970s and 1980s; by 2000, roughly 40% of the U.S. residential population was covered by such citizen crime-watching programs.
Definition of actuarial. 1  1 : of or relating to actuaries. 2  2 : relating to statistical calculation especially of life expectancy.
An actuarial pension plan is a pension plan that has been reviewed by an actuary to determine the funding status of the plan. This type of plan is also known as a funded pension because the actuary is able to determine whether the pension will be able to pay its obligations. Actuaries are well-suited for reviewing plans because actuaries are trained to mathematically assess the future.