Actuarial Valuations of Retiree Plans Sample Clauses

Actuarial Valuations of Retiree Plans. The Actuary shall prepare annual actuarial valuations of the Retiree Plan and the related Separate Account to determine the Employer Contributions payable by each Participating Employer with respect to its Retired Employees who are participating in the Trust and the PVP Retiree Premium Share to be paid by each PVP Retiree. The actuarial methods and assumptions used in such valuations shall be in accordance with generally accepted actuarial principles, recognizing the underwriting arrangements for the plans and any insurer's assessment of the plan costs, and in accordance with the requirements of this Agreement and Retiree Plan Funding Policy adopted by the Trustees with the approval of the Parties. The annual actuarial report will include projections for the Retiree Plan(s) for a period of not less than three (3) years or a period that is appropriate for the Retiree Plan. The actuarial valuation shall recognize that Benefits costs for CAEAS/ECAB Retirees (including transportation consortia Retired Employees participating pursuant to Section 13.8) and PVP Retirees are to be determined on a fully pooled basis, without distinction as between CAEAS/ECAB Retirees and PVP Retirees, while making separate assumptions regarding litigation and administration expenses so that such expenses related to CAEAS/ECAB Retirees are allocated to and paid by CAEAS/ECAB Retirees and Participating Employers with CAEAS/ECAB Retirees and litigation and administration expenses related to PVP Retirees are allocated to and paid by PVP Retirees and Participating Employers with PVP Retirees. The first actuarial report shall be prepared and provided to the Trustees no sooner than six months and no later than twelve months following the implementation of the Retiree Plan, or, if the Retiree Plan is not implemented at the same time as the Plans for Participants, at a time to be determined in the discretion of the Trustees, having regard for the costs and efficiencies of the actuarial valuation process and the Trustees' needs to monitor the Retiree Plan.
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Related to Actuarial Valuations of Retiree Plans

  • Benefit Accrual Seniority, for the purpose of vacation, pension and sick leave accrual shall be based upon an employee’s continuous length of service with WSF. Seniority, for the purpose of all other benefit accrual, shall be by bargaining unit-wide seniority based upon an employee’s continuous length of service or adjusted length of service within the bargaining unit.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Benefits for Retirees The Employer will continue payment of Extended Health, Semi-Private Health Care Coverage or equivalent for any employee from the date of early retirement to the age of sixty-five (65). However, the Employer will not continue payment of the Dental Plan or any other benefit plan, and employees will not be entitled to subscribe to same under any conditions.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Benefits for Early Retirees The Hospital will provide to all employees who retire and have not yet reached age sixty-five (65) and who are in receipt of the Hospital’s pension plan benefits, semi-private, extended health care and dental benefits on the same basis as is provided to active employees, as long as the retiree pays the Employer the full amount of the monthly premiums in advance.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan:

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

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