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 its actuarial practices, to
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Examples of Experience adjustment in a sentence

  • 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 plan assets [Gain/(Loss)](30.09)(25.62)(21.80)(15.85)2.85 The expected rate of return on plan assets is based on the average long term rate of return expected on investments of the fund during the estimated term of obligation.

  • Experience adjustment on plan liabilities [(Gain)/Loss]266.8536.38178.8151.64(51.67)5.

  • Experience adjustment For the year endedMarch 31, 2018March 31, 2017March 31, 2016March 31, 2015March 31, 2014On plan liabilities loss4.284.234.363.813.26On plan assets (gain) / loss1.230.510.14(0.37)(1.10)Surplus / (deficit)(3.05)(3.72)(4.22)(4.18)(4.36)Experience gain on obligation----- VI.

  • Experience adjustment* (` lacs) ParticularsYear ended March 31, 2012Year ended March 31, 2011Year ended March 31, 2010Year ended March 31, 2009Plan assets51,1443,3538,7836,90Defined benefit obligation56,8557,3840,7034,60Surplus / (deficit)(5,71)(14,03)(1,92)2,30Experience adjustment gain / (loss) on plan assets(1,29)2,852,78(2,69)Experience adjustment (gain) / loss on plan liabilities1,3618,502,12(8,06)* Pension liability relates to employees of eLKB which was merged with eCBOP.

  • The principal conclusion was that female migrant pupils have higher reading and math scores than comparable male migrant pupils and these gender differences among migrant pupils in reading and math scores are larger than among comparable native pupils.

  • Experience adjustment on defined benefit plan obligations in 2009 and previous periods primarily relates to single significant excess in the number of dismissed staff and excess of the amount of payments over projected changes in respective figures in long-term perspective.

  • Defined benefit obligation at start of year 205,575 207,419 Service cost 2,961 3,359Interest cost 11,720 11,575Members’ contribution 1,258 1,277Gains on curtailment and settlement (5,463) -Experience adjustment 8,818 1,358Actuarial gain from change in financial assumptions - (7,009) Benefits paid (16,244) (12,404) Defined benefit obligation at end of year 208,625 205,575 9.

  • Amounts for the current and previous periods are as follows : 31.03.201131.03.201031.03.2009Defined Benefit Obligation 1329.951096.04911.03Plan Assets 555.67472.44360.41Surplus/(Deficit) (774.28)(623.60)(550.62)Experience adjustment on Plan Assets (Gain)/Loss ***Experience adjustment on Plan Liabilities Gain/ (Loss) ***vi.

  • The expected rate of return on plan asset is based on expectation of the average long term rate of return expected on investments of the fund during the estimated term of the obligation.Note (i) Experience Adjustments Experience Adjustments: Notes: (a) Experience adjustment has been provided only to the extent of details available.


More Definitions of Experience adjustment

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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Related to Experience adjustment

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Optimal Adjustment Event With respect to any Class of Class B Certificates and any Distribution Date, an Optimal Adjustment Event will occur with respect to such Class if: (i) the Principal Balance of such Class on the Determination Date succeeding such Distribution Date would have been reduced to zero (regardless of whether such Principal Balance was reduced to zero as a result of principal distribution or the allocation of Realized Losses) and (ii) (a) the Principal Balance of any Class of Class A Certificates would be subject to further reduction as a result of the third or fifth sentences of the definition of Principal Balance or (b) the Principal Balance of a Class of Class B Certificates with a lower numerical designation would be reduced with respect to such Distribution Date as a result of the application of clause (ii) of the definition of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance or Class B-6 Principal Balance.

  • Adjustment Events the Partnership makes a distribution on all outstanding OP Units in Partnership Units, (B) the Partnership subdivides the outstanding OP Units into a greater number of units or combines the outstanding OP Units into a smaller number of units, or (C) the Partnership issues any Partnership Units in exchange for its outstanding OP Units by way of a reclassification or recapitalization of its OP Units. If more than one Adjustment Event occurs, the adjustment to the Class B Units need be made only once using a single formula that takes into account each and every Adjustment Event as if all Adjustment Events occurred simultaneously. For the avoidance of doubt, the following events shall not be Adjustment Events: (x) the issuance of Partnership Units in a financing, reorganization, acquisition or other similar business transaction, (y) the issuance of Partnership Units pursuant to any employee benefit or compensation plan or distribution reinvestment plan, or (z) the issuance of any Partnership Units in respect of a capital contribution to the Partnership, including a contribution by the General Partner of proceeds from the sale of securities by the General Partner. If the Partnership takes an action affecting the OP Units other than actions specifically described above as Adjustment Events and, in the opinion of the General Partner such action would require an adjustment to the Class B Units to maintain the one-to-one correspondence described above, the General Partner shall have the right to make such adjustment to the Class B Units, to the extent permitted by law, in such manner and at such time as the General Partner, in its sole discretion, may determine to be appropriate under the circumstances. If an adjustment is made to the Class B Units as herein provided, the Partnership shall promptly file in the books and records of the Partnership an officer’s certificate setting forth such adjustment and a brief statement of the facts requiring such adjustment, which certificate shall be conclusive evidence of the correctness of such adjustment absent manifest error. Promptly after the filing of such certificate, the Partnership shall mail a notice to each holder of Class B Units setting forth the adjustment to his, her or its Class B Units and the effective date of such adjustment.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Potential Adjustment Event means any of the following:

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • 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:

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Spread Adjustment means 100 basis points.

  • Interest Rate Adjustment Event means the occurrence of any of the following:

  • Value Adjustments means cash lending revenues and other revenues on collateral in respect of a Series of ETP Securities.

  • Lot line adjustment means the relocation of the property boundary line in a

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

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

  • Market Value Adjustment means, on a given date, an amount equal to the lesser of (x) 98% and (y) a percentage determined according to the following formula: Market Value Adjustment = 98% – [(10yrCMTt – 10yrCMTlaunch) ×Duration], where 10yrCMTt = the 10-Year Treasury Constant Maturity Rate published each business day by the Board of Governors of the Federal Reserve System, or, if such rate ceases to be published, a successor rate reasonably determined by the Trustees (the “10-Year CMT”), on such repurchase date; 10yrCMTlaunch = the 10-Year CMT as of the end of the Initial Offering Period; and Duration = an estimate of the duration of the periodic interest payments of a hypothetical coupon-paying U.S. Government Security with a 25-year maturity, calculated by the Trust’s Investment Manager as of the end of the Initial Offering Period;

  • Contract Term Adjustment means adjustment only as provided for in the three circumstances described in this Subsection. Under these circumstances, the contract term shall be adjusted in writing to include additional calendar days in one or more Normal Operating Seasons equal to the actual time lost, except as limited by paragraph (b) in this Subsection.

  • 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:

  • Pre-Adjustment Successor Rate has the meaning specified in Section 3.03(c).