Target Credited Rate Clause Samples

Target Credited Rate. To determine the target credited rate, the required spread must be subtracted from the expected net investment rate. The required spread varies by plan and by duration within plan. The target credited rate may be modified for marketing reasons provided that adjustments are offsetting in the aggregate. Antiselection in favor of artificially high rates will be considered in this process. An example is shown in the following Table 3: Table 3 Target Credited Rate Life Annuity Expected Net Rate 7.95% 7.95% Less: Required Spread 1.5% 1.75% Calculated Credited Rate 6.45% 6.20% Marketing Adjustments 0.4% -0.10% (Assuming 80% annuities) Target Credited Rate 6.85% 6.10%
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Related to Target Credited Rate

  • Vacation Accrual Rates Laid off employees who are re-employed shall have the vacation accrual rate they held immediately prior to layoff restored.

  • Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan). However, only the terminal paychecks (including unused vacation) of those employees who have reached the age of fifty-five (55) shall be placed into the Plan. These terminal paychecks shall be placed into the Plan on a pre-tax basis in accordance with the Plan, all applicable laws and all rules and regulations applicable to the Plan.

  • Maximum Accrual Vacation credit may be accumulated to a maximum that can be earned in four (4) years. Further accumulation will not continue when the maximum is reached. When an employee’s vacation reaches the maximum level, and if the employee has been denied vacation during the twelve (12) months, the employee will be paid for the time denied but no more than eighty (80) hours in a pay period. 80 hours 320 hours 120 hours 480 hours 160 hours 640 hours 180 hours 720 hours 200 hours 800 hours 240 hours 960 hours

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • Vacation Credit Any outstanding vacation entitlement for a person going on LTD will be paid in cash upon expiry of sick leave. The cash payment will be calculated on the base earnings at the expiration of sick leave for the prorated days of vacation entitlement, any outstanding lieu days, any outstanding floating statutory holidays, and banked time for 40-hour per week employees. No vacation entitlement, floating holidays, or banked time for 40-hour per week employees accrues while a member is in receipt of LTD benefits.