Current year definition

Current year means the financial year, which has already commenced, but not yet ended;
Current year means the fiscal year in which a school district is
Current year means the 12-month period for which a SMART Factor will be in effect.

Examples of Current year in a sentence

  • The Employer may elect in the Adoption Agreement to change from the Prior Year Testing method to the Current Year Testing method in accordance with the Code and IRS Regulations.

  • It is computed by adding the Current Year Non-catastrophe Losses and LAE Ratio with the Insurance Expense Ratio.

  • If no election is made, the Plan will use the Current Year testing method for both the ADP and ACP Tests.

  • Prior to the Final 401(k) Regulations Effective Date, the Employer was limited to Current Year Testing under Notice 98-52.

  • If the Employer elects to use the Current Year Testing Method, it may switch to the Prior Year Testing Method only if the Plan satisfies the requirements for changing to the Prior Year Testing Method as set forth in IRS Notice 98-1 (or superseding guidance).


More Definitions of Current year

Current year means the fiscal year in which a budget is prepared and adopted, which is the fiscal year next preceding the budget year.
Current year means the financial year preceding the ensuing year;
Current year means the Operating Year in which a demand is made upon Tenant for payment of a Tentative Monthly Escalation Charge.
Current year means the year in which the Aggregate Revenue Requirement petition or petition for determination of tariff is to be filed;
Current year means the fiscal year in progress.
Current year shall have the meaning set forth in Section 27.4 hereof.
Current year means financial year, which has already commenced, but not yet ended; “Delegations” in relation to a duty, includes an instruction or request to perform or to assist in performing the duty;