GASB 43 definition

GASB 43 means the rules promulgated by GASB governing the manner in
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GASB 43 means the estimates of total liability and annual employer required contribution for post retirement health benefits that are required to be provided in the Plan’s annual financial reports pursuant to Governmental Accounting Standard Board Statement No. 43, as said Statement is in effect on July 1, 2011.
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Examples of GASB 43 in a sentence

  • To do so, the APVTFB is divided into two parts: the portions attributable to service rendered prior to the valuation date (the past service liability or actuarial accrued liability under GASB 43 and 45) and to service after the valuation date but prior to retirement (the future service liability).

  • GASB 43 and 45 require the interest assumption to reflect likely long term investment return.

  • Under GASB 43 and 45, normal cost can be expressed either as a level dollar amount or a level percentage of payroll.

  • Under GASB 43 and 45, in order for assets to count toward offsetting the AAL, the assets have to be held in an irrevocable trust that is safe from creditors and can only be used to provide OPEB benefits to eligible participants.

  • At inception of GASB 43 and 45, there is usually a substantial UAAL.

  • Instead, following is a description of a commonly used, generally accepted actuarial cost method permitted under GASB 43 and 45.

  • If the District determines retiree health plan expenses in accordance with GASB 43 and 45, costs include both normal cost and one or more components of UAAL amortization costs.

  • Under GASB 43 and 45, employers have several options on how the UAAL can be amortized as follows:  The employer can select an amortization period of 1 to 30 years.

  • GASB 43 and 45 require the plan sponsor to measure the liability for this subsidy; that is, the difference between the true cost of the medical benefits and the cost sharing premiums paid by the retiree.

  • Under GASB 43 and 45, employers have several options on how the UAAL can be amortized as follows: ⮚ The employer can select an amortization period of 1 to 30 years.

Related to GASB 43

  • Hydroelectric energy means water used as the sole source of energy to produce electricity.

  • Uppermost aquifer means the geologic formation nearest the natural ground surface that is an aquifer, as well as lower aquifers that are hydraulically interconnected with this aquifer within the facility's property boundary.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Natural Gas or “Gas” means wet gas, dry gas, all other gaseous hydrocarbons, and all substances contained therein, including sulphur and helium, which are produced from oil or gas xxxxx, excluding those condensed or extracted liquid hydrocarbons that are liquid at normal temperature and pressure conditions, and including the residue Gas remaining after the condensation or extraction of liquid hydrocarbons from Gas such that any Gas sold under this Agreement shall be of the quality as indicated in Clause 7.

  • Pyrolysis means the thermal degradation of a substance in the absence of any oxidising agent, which does not form part of the substance itself, to produce char and gas and/or liquid; and

  • Natural gas company ’ means a person engaged in the transportation of natural gas in interstate commerce, or the sale in inter- state commerce of such gas for resale.

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Tetrahydrocannabinol means the same as that term is defined in § 3.2-4112.

  • Oxides of nitrogen means the sum of the volume mixing ratio (ppbv) of nitrogen monoxide (nitric oxide) and nitrogen dioxide expressed in units of mass concentration of nitrogen dioxide (μg/m3);

  • ug/l means micrograms per liter.

  • Anaerobic digester means a liquid manure storage area that is constructed with the intent to capture and combust gas emissions resulting from the digestion of waste by microbes in anaerobic conditions. An anaerobic digester is a LMSA and is required to comply with all requirements applicable to LMSAs. Requirements specific to anaerobic digesters will be noted when applicable.

  • Landfill cell means a discrete volume of a hazardous waste landfill which uses a liner to provide isolation of wastes from adjacent cells or wastes. Examples of landfill cells are trenches and pits.

  • Compressed natural gas means a mixture of hydrocarbon gases and vapors that consists primarily of methane in gaseous form that has been compressed for use as a fuel to propel a motor vehicle.

  • Oil ’ means oil of any kind or in any form, including, but not limited to, petroleum, fuel oil, sludge, oil refuse, and oil mixed with wastes other than dredged spoil;

  • Nitrogen oxides means nitric oxide and nitrogen dioxide, expressed as nitrogen dioxide (NO2);

  • MW means megawatt.

  • Gasification means the substoichiometric oxidation or steam reformation of a substance to produce a gaseous mixture containing two or more of the following: (i) oxides of carbon; (ii) methane; and (iii) hydrogen;

  • tpd means tonnes per day.

  • Natural uranium means uranium with the naturally occurring distribution of uranium isotopes, which is approximately 0.711 weight percent uranium-235, and the remainder by weight essentially uranium-238.

  • Epinephrine auto-injector means a device for immediate self-administration or administration by another trained person of a measured dose of epinephrine to a person at risk of anaphylaxis.

  • Landfill Gas means any gas derived through any biological process from the decomposition of waste buried within a waste disposal site.

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • Halogen means one of the chemical elements chlorine, bromine or iodine.

  • Shellfish means those species of marine and freshwater

  • Geothermal fluid means water in any form at temperatures greater than 120

  • Municipal solid waste landfill or “MSW landfill” means an entire disposal facility in a contiguous geographical space where household waste is placed in or on land. An MSW landfill may also receive other types of RCRA Subtitle D wastes such as commercial solid waste, nonhazardous sludge, and industrial solid waste. Portions of an MSW landfill may be separated by access roads. An MSW landfill may be publicly or privately owned. An MSW landfill may be a new MSW landfill, an existing MSW landfill or a lateral expansion.