Funding Target definition

Funding Target has the meaning set forth in section 430(d) of the Internal Revenue Code.][Describe any failure of the certifications in clauses (i) and (ii) to be true.]

Funding Target has the meaning set forth in section 430(d) of the Internal Revenue Code.][Describe any failure of the certifications in clauses (i) and (ii) to be true.] [(c) If all of the Plans (other than a multiemployer Plan) were terminated (disregarding any Plans with surpluses), the unfunded liabilities at such date with respect to such Plans, their participants or beneficiaries, and the PBGC, would not have exceeded [5%] of the consolidated net worth of Volkswagen AG or [25%] of the consolidated net worth of Volkswagen Group of America, Inc. at such date.] [(d) If VCI or any of VCI’s ERISA Affiliates withdrew or were to have withdrawn from all multiemployer Plans at such date, the aggregate withdrawal liability would not have exceeded 5% of the consolidated net worth of Volkswagen AG or 25% of the consolidated net worth of Volkswagen Group of America, Inc. at such date.] [(e) There are no unpaid minimum required contributions with respect to any Plan as disclosed on the Most Recent Plan Financial Statements.]

Funding Target means the funding amount which the Board approves in the annual Funding Plan for a specific project.

Examples of Funding Target in a sentence

• See “How to Determine Unfunded Vested Benefits” section for additional information related to the election and use of the Alternative Premium Funding Target.

• Solvency Funding Target: an assessment of the present value of benefits to be paid in the future.

• The Fund is deemed to be fully funded when the assets held are equal to 100% of the Funding Target, where the funding target is assessed based on the sum of the appropriate funding targets across all the employers / groups of employers.

• Without these, forcing students into STEM subjects is likely to have very mixed results.The STEM Partnerships Forum is encouraged to consult the Australian Council of Engineering Deans (ACED) on the matter of university prerequisites.

• Similarly, if you revoke an election, you may not make a new election to use the Alternative Premium Funding Target until five years have passed.If you are not sure if an election is in effect or when an election first took effect, you can find out by viewing your account history in My PAA, by clicking the “Account History” link from the Plan Details page.See “How to Determine Unfunded Vested Benefits” section for more information on elections and revocations.

• The Recovery Period to an employer or group of employers is therefore the period over which any adjustment to the level of contributions in respect of a surplus or deficiency relative to the Funding Target used in the valuation is payable.

• As such the Funding Target adopted is in line with that adopted for Secure Scheduled Bodies.

• For orphan liabilities the Funding Target on exit will anticipate investment in low risk investments such as Government bonds.

• Where a valuation reveals that the employer or employer group’s sub-fund is in surplus or deficiency against the Funding Target, employers' contribution rates will be adjusted to target restoration of full funding over a period of years (the Recovery Period).

• The Administering Authority’s policy will be to monitor an underlying low risk position (making no allowance for returns in excess of those available on Government stocks) to ensure that the Funding Target remains realistic.

More Definitions of Funding Target

Funding Target means an allocation goal within a reservation pool to guide outreach and disbursement of funds to achieve the program’s policy goals within a geographic reservation pool.

Funding Target means a funded ratio for the Pension Plan of at least one hun- dred per cent by the end of the ten-year period commencing on the first day of the five-year cycle next following a five-year actuarial valuation report that identifies the funded ratio of the Pension Plan as being below one hundred per cent;

Funding Target means targeting being Funded to Buy-out at the Target Date.