Actuarial Assumptions. The Actuarial Assumptions agreed between the Purchaser’s Actuary and the Vendor’s Actuary for the purposes of calculating the Completion Pension Scheme Liabilities, the Longstop Pension Scheme Liabilities and the Liability Movement Value are as set out below:
Actuarial Assumptions. To the extent interest rate, mortality and/or other assumptions are needed to determine an actuarial equivalent amount under this Agreement, the Bank shall select such reasonable actuarial assumptions as the Bank shall consider necessary or appropriate.
Actuarial Assumptions. In any case in which it is necessary to make --------------------- actuarial adjustments in order to carry out the provisions of this Plan (including, without limitation, the provisions requiring the determination of an actuarially equivalent benefit under Section 4.02 hereof), the following rules shall apply:
Actuarial Assumptions. Investment Return The annualized gross redemption yield on the FT-Actuaries 20 year Gilt Index (at close of business on the day before the Completion Date), plus 1.75% pa prior to retirement/0.75% pa after retirement, rounded to the nearest 0.01% pa compound Increase in prices 100 x [(11 + G) / (1+ I) - 1] % pa where G is the annualized gross redemption yield on the FT-Actuaries 20 Year Gilt Index (at close of business on the day before the Completion Date) and I is the arithmetic average of the annualized gross redemption yields on the FT-Actuaries Over 5 Year Index-Linked Gilt Index with 0% and 5% inflation (at close of business on the day before the Completion Date), respectively. The figures shall be rounded to the nearest 0.01% pa compound Salary or Pensionable Salary 1.0% pa (with no averaging at the increases in excess of assumed date of exit from active increases in prices membership) plus an allowance for promotional increases in line with the attached table Increases in Section 148 1.0% pa Orders in excess of increases in prices Increase to pensions once in In line with increases in prices plus payment 0.2% pa on pensions in excess of GMPs Nil on GMPs accrued before 6 April 1988 In line with increases in prices, less 0.4% pa, on GMPs accrued after 5 April 1998 Increases to pensions and In line with increases in prices on lump sums in deferment pensions in excess of GMPs BACON & WOODROW Actuaries and Consultants Withdrawals In accordance with attached table Age basis Age nearest birthday Death in service and in In accordance with standard tables, deferment adjusted as follows: Males 75% of AM92 unrated Females 75% of AF92 unrated Retirement in normal health Average age of retirement is assumed to be 60 for all members Retirement from deferment At the member's Normal Pension Age applying under the Rules of the Scheme, with a 17% reduction for early payment of pre-17 May 1 1990 benefits for pre-1 April 1989 male joiners under ESPS Retirement in ill-health In accordance with attached table (for ESPS members only) Death after retirement In accordance with the standard table PMA92/PFA92 (base year 2020), related up in age as follows: Males (normal health) + 1 year Males (ill-health) + 9 years Females (normal health) + 2 years Females (ill-health) + 9 years Widow + 2 years Widowers + 2 years Family Details 90% of members are assumed to be married at retirement or death before retire- ment. A man is assumed to be 2 years older than his wife.
Actuarial Assumptions. Mortality 1994 Uninsured Pensioners Mortality Table with generational projection using Scale AA (UP94 generational) with 80% mortality improvement for male and 85 % for female; sex-distinct. Economic assumptions (in percentage) For RREGOP, TPP, CSSP and PPCT, Year Inflation Indexation(1) Increase(1) Interest rate 50% CPI CPI CPI-3 (min CPI- 3) Salary(2) MPE Nominal Real 2015 2.00 2.00 0.10 1.00 3.75(3,4) 2.50 6.25 4.25 2016 2.00 2.00 0.10 1.00 2.75(4) 2.50 6.25 4.25 2017 2.00 2.00 0.10 1.00 2.50 2.50 6.25 4.25 2018 2.25 2.25 0.20 1.125 2.75 2.75 6.50 4.25 2019 2.25 2.25 0.20 1.125 2.75 2.75 6.50 4.25 2020 2.25 2.25 0.20 1.125 2.75 2.75 6.50 4.25 2021 2.25 2.25 0.20 1.125 2.75 2.75 6.50 4.25 2022 2.25 2.25 0.20 1.125 2.75 2.75 6.50 4.25 2023 and 2.50 2.50 0.40 1.275 3.00 3.00 6.75 4.25 after
Actuarial Assumptions. For purposes of this Appendix A and Section D.02, the interest and mortality assumptions for distributions shall be the Applicable Interest Rate and the Applicable Mortality Table, as provided in the Uruguay Round Agreements Act, Public Law 103-465.
Actuarial Assumptions. The following defined terms and actuarial assumptions will be used to the extent necessary to convert benefits to straight life annuity form commencing at the Participant’s Normal Retirement Date under Sections F.05 [concerning the limitation on benefits] and F.08 [concerning individual arrangements]: Interest: Five percent (5%)
Actuarial Assumptions. (a) Based on the advice of the Enrolled Actuary and subject to the provisions of Section 16.2 (b), the Trustees shall establish the actuarial assumptions and/or valuation method to be used in determining the reserves required to fund the plan benefits of the Plans of Participation and the contributions of the Participating Employers. In connection with the establishment of these assumptions, the Trustees may establish categories or guidelines pertaining to such assumptions, taking into account such characteristics of the Plans of Participation, Participating Employers or Participants or such factors as they may deem relevant. At the request of a Participating Employer, the Trustees may, in their discretion with the concurrence of the Enrolled Actuary, establish individual guidelines applicable to such Participating Employer's Plan of Participation.
Actuarial Assumptions. The actuarial assumptions used for all purposes of the Plan shall be as follows: The assumed rate of interest shall be 7.5% per annum pre-retirement and 6% per annum post-retirement. Pre-retirement mortality shall be assumed to be zero. Post-retirement mortality shall be determined by reference to the UP-1984 Mortality Table. EXHIBIT B PARTICIPANTS Xxxxxxx X. Xxxxx Xxxxxxxx Xxxx Xxxx Xxxx Xxxxxxx X. Xxxxx EXHIBIT C PARTICIPATION AGREEMENT Name of Executive: Effective Date of Participation: The undersigned Plan Administrator has designated the undersigned Executive as a Participant in the above Plan. In consideration of his or her designation as a Participant, the undersigned Executive hereby agrees and acknowledges as follows:
Actuarial Assumptions. The Schedules to the Asset Sale Agreement are set forth on the following pages. These Schedules relate to certain matters concerning the disclosures required and transactions contemplated by the Agreement. These Schedules are qualified in their entirety by reference to specific provisions of the Agreement, and are not intended to constitute, and shall not be construed as constituting, any representation or warranty of Seller except as and to the extent expressly provided in the Agreement. These Schedules are not intended to constitute, and shall not be construed as an admission or indication that any such matter is required to be disclosed, nor shall such disclosure be construed as an admission or indication that such information would be material or would have a Material Adverse Effect. Such additional matters are set forth for informational purposes only. No disclosure in these Schedules relating to any possible breach or violation of any agreement or Law shall be construed as an admission or indication that any such breach or violation exists or has actually occurred. The schedule headings contained in the Schedules are solely for the purpose of reference, are not part of the agreement of the Parties and shall not in any way affect the meaning or interpretation of the Agreement. The date of all Schedules is the date of the Agreement, unless otherwise indicated.
