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

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

  • 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, 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.

  • SUBSTANTIVE PLAN: As required under GASB 43 and 45, we based the valuation on the substantive plan.

  • 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.

  • For example, if an OPEB plan pays benefits only to Medicare age, any active employees currently over Medicare age are not plan participants;3) Employees hired at an age where they will exceed the maximum age for benefits when the service requirement is met are also not plan participants.Finally, GASB 43 and 45 require reporting covered payroll in RSI schedules regardless of whether any ARC component is based on the level percentage of payroll method.

  • 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.

Related to GASB 43

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

  • GASB means the Governmental Accounting Standards Board. “Goods” means supplies, materials, or equipment.

  • 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" shall mean natural gas, processed, unprocessed, vaporized liquid natural gas, synthetic gas, propane-air mixture or any mixture of these gases.

  • 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 natural or synthetic equivalents of the substances contained in the plant, or in the resinous extractives of, Cannabis sativa, or any synthetic substances, compounds, salts, or derivatives of the plant or chemicals and their isomers with similar chemical structure and pharmacological activity.

  • 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);

  • COVID-19 means SARS-CoV-2 or COVID-19, and any evolutions or mutations thereof or related or associated epidemics, pandemic or disease outbreaks.

  • ug/l means micrograms per liter.

  • SFTR means Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

  • 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 petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

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

  • MW means megawatt.

  • tpd means tonnes per day.

  • Non-Methane Hydrocarbons (NMHC means the sum of all hydrocarbon air pollutants except methane.

  • 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.

  • NI 62-104 means National Instrument 62-104 Take-Over Bids and Issuer Bids adopted by the Canadian securities regulatory authorities, as now in effect or as the same may from time to time be amended, re-enacted or replaced;

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

  • Fossil fuel-fired means, with regard to a unit:

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