GMP equalization adjustment. A proportionate share of the reserve prescribed under the Statement of Funding Principles (in respect of the March 31, 2018 valuation), relating to the potential requirement to equalize some of the Transferred Liabilities for the effect of guaranteed minimum pensions. Timing Adjustment Any amount which is to be adjusted between two dates by the Timing Adjustment is to be adjusted in line with the total return achieved on the GE UK Pension Plan assets between those two dates (as calculated by the GE Actuary and verified by the BHGE Actuary having been provided by GE with such data as the BHGE Actuary may reasonably require in order to carry out that verification) or adjusted in such other manner as the Parties may agree.
Appears in 4 contracts
Samples: Employee Benefits Matters Agreement, Employee Benefits Matters Agreement (Baker Hughes a GE Co), Employee Benefits Matters Agreement (BAKER HUGHES a GE Co LLC)
