Funded status definition

Funded status means the ratio, expressed as a percentage, of the actuarial value of assets for System members to the total liabilities of the System for future benefits.
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Funded status as defined in Section 4.13.
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Funded status means the ratio of the assets of the Plan to the actuarially estimated value of tuition
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Examples of Funded status in a sentence

  • Funded status is not indicative of our ability to pay ongoing pension benefits or of our obligation to fund retirement trusts.

  • Funded status as presented here does not represent a funded status calculated on a settlement basis.

  • Funded status is determined using assumptions as of the end of each year.

  • Funded status surplus/(deficit)(191.02)(391.57)(207.08)(10.50)(91.26)(39.50)4.

  • Funded status is expressed as a percentage determined by dividing assets by liabilities.

  • Funded status is defined as the difference between the projected benefit obligation and the fair value of plan assets.

  • Funded status refers to the difference between the level of actuarial accrued liability and the actuarial measurement of the Pension Trust’s assets.

  • Plan recipient Name of plan Funded status MLAs Legislative Assembly Retiring Allowance Plan (MLAs Regular) FundedMLAs Legislative Assembly Supplemental Retiring Allowance Plan (MLAs Supplemental)Non FundedJudges Judges Registered Plan (Judges Regular) Funded Judges Judges Supplemental Pension Plan (Judges Supplemental) Non Funded The Regular Plans for both the MLAs and Judges are contributory defined benefit registered pension plans and are pre- funded.

  • Movement in Obligation ( Amount in Rupees) Recognised in Profit and loss Other Comprehensive Income for the period Reconciliation of net defined benefit - Gratuity Liability Funded status of the plan Sensitivity Analysis of Gratuity: Sensitivity Analysis Method Sensitivity analysis is performed by varying a single parameter while keeping all other parameters unchanged.

  • Funded status is the percentage of net assets available for benefits over actuarial liabilities.

Related to Funded status

  • Level I Status exists at any date if, as of the last day of the fiscal quarter of the Borrower referred to in the most recent Financials, the Leverage Ratio is less than 1.00 to 1.00.

  • Level II Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status and (ii) the Borrower's Xxxxx'x Rating is Baa1 or better or the Borrower's S&P Rating is BBB+ or better.

  • Level III Status exists at any date if, on such date, (i) the Borrower has not qualified for Level I Status or Level II Status and (ii) the Borrower's Xxxxx'x Rating is Baa2 or better or the Borrower's S&P Rating is BBB or better.

  • ECB Recommended Rate Index Cessation Event means the occurrence of one or more of the following events:

  • Repricing Event means (a) any repayment, prepayment or repurchase of all or a portion of the Initial Term Loans with the proceeds of, or any conversion of all or any portion of the Initial Term Loans into, any new or replacement Indebtedness bearing interest with an All-in Yield (as reasonably determined by the Administrative Agent in consultation with the Parent and taking into account interest rate margin and benchmark floors, recurring fees and all upfront or similar fees or original issue discount (amortized over the shorter of (A) the weighted average life to maturity of such term loans and (B) four years), but excluding any bona fide arrangement, underwriting, structuring, syndication or other fees payable in connection therewith that are not shared ratably with all lenders or holders of such Indebtedness in their capacities as lenders or holders of such Indebtedness) less than the All-in Yield applicable to the Initial Term Loans (determined on the same basis as provided in the preceding parenthetical) and (b) any amendment (including pursuant to a replacement term loan) to the Initial Term Loans or any tranche thereof, in each case of clauses (a) and (b) above, if the primary purpose of such repayment, prepayment or repurchase (as reasonably determined by the Administrative Agent in consultation with the Parent) is to lower the All-in Yield applicable to the Initial Term Loans that are repaid, prepaid or repurchased using the proceeds thereof (as determined on the same basis as provided in clause (a)). It is understood that “Repricing Events” shall not include any repayment, prepayment or refinancing of all or a portion of the Initial Term Loans in connection with a Change of Control or a Specified Acquisition (as defined below). It is understood that any prepayment premium with respect to a Repricing Event shall apply to any required assignment by a Non-Consenting Lender in connection with any such amendment pursuant to Section 2.19(c)).

  • Investment Grade Status shall occur when the Notes receive two of the following:

  • Health status-related factor means any of the following factors:

  • Inactive status means the status of a practitioner licensed or registered pursuant to Iowa Code chapter 153 who is not currently engaged in the practice of dentistry, dental hygiene, or dental assisting in the state of Iowa and who has paid the required renewal fee but who has not met the requirements for continuing education.

  • Total Suspended Solids means measure of all suspended solids in a liquid; typically expressed in mg/L.

  • Required Aggregation Group means: (i) each qualified plan of the Employer in which at least one Key Employee participates at any time during the Determination Period; and (ii) any other qualified plan of the Employer which enables a plan described in clause (i) to meet the requirements of Code Section 401(a)(4) or of Code Section 410.

  • Qualified withdrawal means a withdrawal from an account to pay the qualified disability expenses of the designated beneficiary of the account.

  • proof of B-BBEE status level of contributor means:B-BBEE Status level certificate issued by an authorized body or person;A sworn affidavit as prescribed by the B-BBEE Codes of Good Practice;Any other requirement prescribed in terms of the B-BBEE Act;

  • Capital Disqualification Event has the meaning specified in Section 1.1 of the Indenture.

  • Controlled Group means all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with any Borrower, are treated as a single employer under Section 414 of the Code.

  • B-BBEE status level of contributor means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act;