Retirement Liability definition

Retirement Liability means an obligation in excess of $750,000 owed to the Utah State Retirement Office by a rural county health care special service district as a participating employer.

Retirement Liability means the liability that PARSAC possesses to all former or current employees ofPARSAC for retirement benefits owed to them pursuant to a contract between PARSAC and a Public Retirement System and arising by reason ofthose employees participation in the Public Retirement System.

Retirement Liability means the liability that PARSAC possesses to all former or current employees of PARSAC for retirement benefits owed to them pursuant to a contract between PARSAC and a Public Retirement System and arising by reason of those employees participation in the Public Retirement System.

Examples of Retirement Liability in a sentence

• The apportionment of the Retirement Liability shall be calculated as set forth above, and the unfunded Retirement Liability then existing shall be paid as follows: The unfunded Retirement Liability then existing shall be paid prior to any distribution of assets as provided in ARTICLE XXV of the JPA Agreement and prior to the payment of any equity that may be determined as the result of the Retrospective Premium Adjustment process as set forth in ARTICLE XX.

• This Agreement shall become effective as of the date hereof and shall continue in full force and effect for the purpose of paying 100% of the Retirement Liability of PARSAC pursuant to the apportionment among former and current Member Entities as provided for herein.

• Provide for an apportionment among current and former PARSAC Member Entities of 100% of PARSAC’s Retirement Liability consistent with the requirements of Government Code §§ 6508.1 and 6508.2 as enacted and amended effective January 1, 2019.

• In the event that PARSAC disposes of the real property identified as 1525 Response Road, Sacramento, CA, 95815 (the “Property”), any unfunded Retirement Liability of PARSAC shall first be reduced by applying the proceeds from the sale of the Property as provided in Resolution 2019-03, attached hereto as Exhibit A, prior to the determination of the amounts owed by the former or current Member Entities under the apportionment provided herein.

• The Retirement Liability is not a deposit, is not otherwise funded by the Company and is not insured by the Federal Deposit Insurance Corporation and does not constitute a trust account or any other special obligation of the Company and does not have priority of payment over any other general obligations of the Company.

More Definitions of Retirement Liability

Retirement Liability means the liability that PARSAC possesses to all former or current employees ofPARSAC for retirement benefits owed to them pursuant to a contract between PARSAC and a Public Retirement System and arising by reason ofthose employees participation in the Public Retirement System. ATTACHMENT 3

Retirement Liability means the liability that CIRA possesses to all former or currentemployees of CIRA for retirement benefits owed to them pursuant to a contract between CIRA and CalPERS and arising by reason of those employees participation in CalPERS calculated on a terminated basis pursuant to sections 20570 -20593 of the Government Code.

Retirement Liability means the liability that PARSAC possesses to all former or current employees ofPARSAC for retirement benefits owed to them pursuant to a contract between PARSAC and a Public Retirement System and arising by reason ofthose employees participation in the Public Retirement System. Agenda Item Number 11 City Council Meeting Packet of November 17, 2020Page 72 of 109 Agenda Item Number 11

Retirement Liability means the liability that the Company accrues, under Generally Accepted Accounting Principles ("GAAP") as reasonably applied by the Company, for the Company's obligation to the Executive under this Agreement in accordance with Accounting Principles Board Opinion Number 12, as amended by Statement of Financial Accounting Standards Number 106. 

Retirement Liability means the liability that PARSAC possesses to all former or

Retirement Liability means the liability that PARSAC possesses to all former or current employees ofPARSAC for retirement benefits owed to them pursuant to a contract between PARSAC and a Public Retirement System and arising by reason ofthose employees participation in the Public Retirement System. Packet Pg. 94 9.A.d Attachment: Proposed CIRA JPA Agreement - Approved by PARSAC-REMIF (2963 : REMIF merger with PARSAC)

Retirement Liability means the liability that XXXX possesses to all former or current employees of XXXX for retirement benefits owed to them pursuant to a contract between XXXX and XxxXXXX and arising by reason of those employees participation in CalPERS calculated on a terminated basis pursuant to sections 20570 -20593 of the Government Code.