Relative Cost Factor definition
Relative Cost Factor shall have the meaning set forth in Section 3.2(b) hereof.
Examples of Relative Cost Factor in a sentence
This relative cost will be calculated as a factor representing the percentage cost difference of the Amended Medical Plan relative to the Classified Employee Retiree Medical Plan(s) ("Relative Cost Factor").
The Amended Plan Projected Cost and the Classified Plan Expected Cost will be estimated based on actuarial methods and factors, including the historical experience of the plans, expected medical cost and utilization trend, demographic differences and the Relative Cost Factor.