Actuarial Valuation Reports Sample Clauses

Actuarial Valuation Reports. The annual actuarial valuation report for each DOE-reimbursed pension plan and when a pension plan is commingled, the Contractor shall submit separate reports for DOE’s portion and the plan total by the due date for filing IRS Form 5500.

Actuarial Valuation Reports. (a) The Board must have the Pension Plan reviewed and the results of the review set out in the form of an actuarial valuation report for a going concern valuation, in the manner and at the times specified in such provisions of the PBSA and the regulations thereunder which are applicable to the Pension Plan and Appendix C. (b) If an actuarial valuation report indicates that there is a requirement to increase contribution rates to the Basic Account, the increase must be shared equally between the Employers and the Plan Members, and the Board must amend the Pension Plan Rules accordingly. (c) Subject to the ITA, the Funding Arrangement set out in Appendix B and the Minimum Funding Requirements set out in Appendix C, if an actuarial valuation report indicates that the Pension Plan has actuarial excess as defined in Appendix B, such actuarial excess will be considered unallocated actuarial excess of the Pension Fund unless and until the Board elects to apply the actuarial excess in one or more of following manners so as to achieve over time an equitable sharing of the benefits of the actuarial excess between Plan Members and Employers: (i) transfer all or a portion of the actuarial excess to the reserve established within the Pension Fund for stabilizing contribution rates; (ii) transfer all or a portion of the actuarial excess to the Inflation Adjustment Account; (iii) apply all or a portion of the actuarial excess to an equal reduction or elimination of Employer and Plan Member contribution rates to the Basic Account for a period of time; (iv) apply all or a portion of the actuarial excess to fund changes to the benefit provisions set out in the Pension Plan Rules as provided in Section 11.5; or (v) apply all or a portion of the actuarial excess, amortized over a period of 15 years, towards the payment of contributions otherwise payable by Plan Members, Employers, or both, pursuant to the Pension Plan Rules. (d) Any reference in subsection (c) to actuarial excess shall be interpreted as a reference to the actuarial excess associated with the benefits payable from the Basic Account. (e) Any action taken by the Board under subsection (b) or (c) must comply with the funding requirements set out in Appendix C and must result in the Pension Plan being funded in accordance with such funding requirements. (f) The Board must administer the Pension Plan to ensure that the amount of surplus assets in the Pension Plan does not, for the purposes of the ITA, exceed the am...

Actuarial Valuation Reports. Promptly and in any event within 30 days after receipt thereof by any Loan Party or any ERISA Affiliate, copies of each annual valuation report prepared with respect to any Plan.

Actuarial Valuation Reports. (1) The Trustees shall require the Pension Plan’s Actuary to prepare all Actuarial Valuation Reports for the Pension Plan, including preliminary Actuarial Valuation Reports, using the actuarial methods and assumptions determined in accordance with Article 6.3(c) of the Sponsors Agreement, and to submit such reports to the Trustees and to the Sponsor Board. (2) The first Actuarial Valuation Report shall be prepared with a valuation date as at September 30, 2016. The next subsequent Actuarial Valuation Report shall be prepared with a valuation date as at April 30, 2019. Subsequent Actuarial Valuation Reports will be prepared as at April 30 on regular intervals as determined by the Sponsor Board, but in any event such interval period shall be no longer than three years. (3) A draft preliminary Actuarial Valuation Report shall be prepared and submitted to the Sponsor Board and the Trustees within four months of each valuation date for their review and comment. (4) Within nine months of each valuation date, a final Actuarial Valuation Report shall be prepared and submitted to the Trustees and to the Sponsor Board for the Sponsor Board’s approval.

Actuarial Valuation Reports. The Board must have the Pension Plan reviewed and the results of the review set out in the form of an actuarial valuation report for a going concern valuation in the manner and at the times specified in the PBSA, the regulations under the PBSA and Appendix B. In each actuarial valuation report prepared pursuant to subsection (a) the Plan actuary must calculate and identify the following, each effective as of the effective date of the actuarial valuation report: (i) the entry age normal cost of the Plan (the “EANC”), (ii) the “PBSA Contribution Rate”, being the aggregate Employer and Plan Member contribution rate to the Basic Account calculated in accordance with Appendix B assuming that: A. any unfunded liability identified in the valuation will be amortized over the maximum period permitted by Appendix B, and B. the Basic Account does not include the assets notionally allocated to the Rate Stabilization Account, (iii) the “Required Contribution Rate”, being the greater of the EANC and the PBSA Contribution Rate so identified, (iv) the Surplus Assets in the Basic Account, if any, and

Actuarial Valuation Reports. The WHX Pension Plan's Actuarial Valuation Report no later than the last day of the plan year.

Actuarial Valuation Reports. ‌ (a) The Board must have the Pension Plan reviewed, and the results of the review set out in the form of an actuarial valuation report for a going-concern valuation in the manner and at the times specified in the PBSA and the regulations under the PBSA. (b) Subject to the transitional funding arrangements set out in Appendix B of this Joint Trust Agreement, if an actuarial valuation report indicates that there is a requirement to increase contribution rates to the Basic Account, the increase must be shared equally between the Employers and the Plan Members, and the Board must amend the Pension Plan Rules accordingly. (c) After the end of the Transitional Period, as defined in Appendix B, the term “surplus assets” means, in respect of the benefits payable from the Basic Account as of a certain date, the amount equal to i) the value of the Basic Account as of that date, and ii) the actuarial present value as of that date of all future entry age normal cost contributions which will be made in respect of future service by the Plan Members, as identified as such in the then most recent actuarial valuation of the Plan filed with the Superintendent of Pensions, minus iii) the actuarial present value as of that date of all benefit and expense payments to be made from the Basic Account in respect of accrued and future service by the Plan Members, all as determined by the Plan actuary. If the result of the calculation in the preceding sentence is a negative number, the result is deemed to be nil.

Actuarial Valuation Reports. The Board must have the Retiree Benefit Plan reviewed no less frequently than every 3 years and the results of the review set out in the form of an actuarial valuation report prepared in accordance with accepted actuarial standards and practices appropriate for an ELHT. The Trustees shall review each actuarial valuation report with reference to the Funding Policy and take such action, if any, as may be appropriate.