Examples of FAS 106 in a sentence
The amount of such final Phantom Contribution shall be actuarially determined based on the Phantom Contribution required, at such time, in order to provide a benefit via this Agreement equal in amount to that benefit which would have been payable to the Director if no secular trust had been implemented and the benefit obligation had been accrued under APB Opinion No. 12, as amended by FAS 106.
The Contractor shall ensure that DOE receives copies of all annual reports, submissions of FAS 106 data, as applicable, and other reports, as required by the Contracting Officer.
The Contractor shall ensure that DOE receives copies of all annual reports, actuarial reports, FAS 87 and FAS 106 data and other reports as required by the ContractingOfficer.
Except to the extent required under Section 4980B of the Internal Revenue Code or except as set forth in Schedule 5.11 annexed hereto, no Employee Benefit Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for any retired or former employee of Company or any of its Domestic Subsidiaries, other than Employee Benefit Plans that have been taken into account in developing the FAS 106 cost figure disclosed to Lenders.
Pacific claims it could not have done so because prior to the adoption of FAS 106 this Commission did not grant rate recovery of the pre-paid PBOPs; it could only record PBOP expense when it paid for actual PBOP benefits.
In general, FAS 112 relates to benefits for laid-off employees, while FAS 106 relates to benefits for retired employees.
First, D.92-12-015 required utilities to exclude their FAS 106 regulatory assets from rate base.
With regard to the second instance relative to the calculation of “Unfunded FAS 106 & FAS 158 Costs”, Staff concluded that the purpose of this calculation was to ensure that the tax effect associated with these post- retirement accounts was also properly incorporated within the return allocated to PWW’s affiliates.
FAS 106 requires an employer to attribute the costs of those postretirement benefits over the required service period.”7The EITF noted that the facts and circumstances relating to a collateral assignment split-dollar arrangement may change in periods after the incep- tion of the arrangement, for example, as a result of an amendment to the arrangement or a change from the employer’s past practice in administer- ing these arrangements.
The Audit Staff included a finding that PWW’s calculation for Return on Common Assets allocated to its affiliates included five deferred accounts relating to post-retirement benefits, and that these same five deferred accounts were included in the same calculation relating to PWW’s determination of “Unfunded FAS 106 and FAS 158 Costs” relative to the income tax effect of certain post-retirement costs.