Actuarial Determination of Value of Current Retirement Bridge and Severance Benefits. The ISTA Financial Services Corporation (“FSC”) has been selected to determine the present value of the unfunded Retirement Severance Pay and Retirement Bridge Program benefits described in the Prior Agreement. In making this present value determination, FSC shall use the following assumptions: Interest Rate. The assumed short term interest rate for the first three (3) years for purposes of determining the present value is 4%, the interest rate for the next three years is 5.83%, and the assumed long term interest rate for purposes of determining the present value is 7.50%.
Appears in 4 contracts
Samples: Contractual Agreement, Contractual Agreement, Contractual Agreement
