Going Concern Basis definition

Going Concern Basis means a basis for determining the value of the Pension Plan’s assets and liabilities that: (i) is adequate and appropriate; (ii) is in accordance with accepted actuarial practice, and (iii) applies to the Pension Plan if no decision has been made to terminate the Pension Plan.
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Examples of Going Concern Basis in a sentence

  • In preparing an actuarial valuation report for a going concern valuation as required by subsection 10.3(a) of the Agreement, the Plan Actuary shall value the Pension Plan’s assets and liabilities on a Going Concern Basis as at the Review Date.

  • In preparing an actuarial valuation report for a going concern valuation as required by subsection 10.2(a) of the Joint Trust Agreement, the Plan Actuary shall value the Pension Plan’s assets and liabilities on a Going Concern Basis as at the Review Date.

  • In preparing an actuarial valuation report for a going concern valuation as required by subsection 11.2(a) of the Joint Trust Agreement, the Plan Actuary shall value the Pension Plan’s assets and liabilities on a Going Concern Basis as at the Review Date.