Experience adjustment definition

Experience adjustment means the adjustment determined by the department, consistent with its actuarial practices, to premiums for the year in which a local employer withdraws from the plan.
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Experience adjustment means the adjustment determined by the department, consistent with its generally accepted actuarial practices, to current contributions premiums for the year in which a local employer withdraws from the plan for benefits that reflects deviations in claims experience.
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Experience adjustment means the adjustment determined by the department, consistent with generally accepted its actuarial practices, to current contributions for benefits that reflects
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Examples of Experience adjustment in a sentence

  • Experience adjustment on Plan Liabilities [(Gain)/Loss](1.00)1.350.74(0.15)1.615.

  • Experience adjustment on Plan Assets [(Loss)/Gain](0.28)(0.27)(0.37)(0.34)(0.23)vii a.

  • CHF m Experience adjustment arising on the plan obligation Actuarial gains0.315.526.2Percentage of plan obligation0 %2.0 %3.7 % Experience adjustment arising on the plan assets Actuarial gains / (losses)– 26.66.655.3Percentage of plan assets– 3.5 %1.0 %9.3 % In 2005, actuarial gains and losses and adjustments in light of past experience, which areused for valuing assets and liabilities, were recognized in the balance sheet for the first time under pension liabilities and charged directly to equity.

  • Experience adjustment on actuarial gain / (loss) for projected benefit obligation and plan assets.

  • The Company has set a limit of Rs. 10,00,000 (previous year Rs. 10,00,000) per employee.(vii) Experience adjustment on actuarial gain / (loss) for projected benefit obligation and plan assets.Particulars For the year ended 31 March 2014For the year ended 31 March 2013For the year ended 31 March 2012For the year ended 31 March 2011For the year ended 31 March 2010On plan projected benefit obligation(21,988,991)1,445,763(10,378,527)(56,159)(1,194,262)On plan assets(48,460)(349,412)31,57112,226(101,308)44.

  • Experience adjustment on account of actuarial5.00%5.00%5.00%5.00%assumption of Gratuity : 2011-122010-112009-102008-092007-081.

  • Experience adjustment arising on : Plan Liabilities Gain(85,015)(80,487)Plan Assets Gain / LossN.AN.AAccounting Standard (AS) 15 (Revised) on Employee Benefits notified by The Companies (Accounting Standards) Rules, 2006 requires the disclosure of the above information for the past four years; however the information is available only since the date of implementing the Standard.

  • The Company has set a limit of Rs. 1,000,000 (previous year Rs.1,000,000) per employee.(vii) Experience adjustment on actuarial gain / (loss) for projected benefit obligation and plan assets.

  • A key task for the secretariat and the CRGA Subcommittee is to agree on priorities for SPC, which is essential in enabling SPC to enhance its effectiveness and dedicate limited resources to high- priority areas.

  • Experience adjustment on plan liabilities [(Gain)/Loss]36.38178.8151.64-51.67-44.445.


More Definitions of Experience adjustment

Experience adjustment means the adjustment determined by the department, consistent with its actuarial practices, to
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Related to Experience adjustment

  • Index Adjustment Event means, in respect of the Index, an Administrator/Benchmark Event, an Index Cancellation, an Index Disruption or an Index Modification.

  • SOFR Adjustment Conforming Changes means, with respect to any SOFR Rate, any technical, administrative or operational changes (including changes to the interest period, timing and frequency of determining rates and making payments of interest, rounding of amounts or tenors, and other administrative matters) that the Administrator decides, from time to time, may be appropriate to adjust such SOFR Rate in a manner substantially consistent with or conforming to market practice (or, if the Administrator decides that adoption of any portion of such market practice is not administratively feasible or if the Administrator determines that no market practice exists, in such other manner as the Administrator determines is reasonably necessary).

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Adjustment Event means each of the following events:

  • Adjustment Fraction shall have the meaning set forth in Section 11(a)(i) hereof.

  • Adjustment means each form of adjustment to consideration provided for in this clause.The parties acknowledge that the consideration under this Contract is inclusive of GST, where GST is calculated using the GST rate at the time of forming this Contract.The Contractor shall provide the Recipient with a Tax Invoice and/or adjustment notes in relation to the supply prior to an amount being paid by the Recipient under this Contract, and shall do all things reasonably necessary to assist the Recipient to enable it to claim and obtain any Input Tax Credit available to it in respect of a Supply.Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract. PrivacyFor the purposes of this Clause unless the context otherwise requires:

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.