Supplemental cost definition
Supplemental cost means an element of the total actuarial cost of a defined benefit
Supplemental cost means an element of the total actuarial cost of a defined benefit retirement plan arising from benefits payable for service performed prior to the inception of the retirement plan or prior to the date of contribution rate increases, changes in actuarial assumptions, actuarial losses, or failure to fund or otherwise recognize normal cost accruals or interest on supplemental costs. These costs are included in the unfunded actuarial liabilities of the retirement plan.
Supplemental cost means an element of the total actuarial cost of a retirement system arising from benefits payable for service performed prior to the inception of the retirement system or prior to the date of contribution rate increases, changes in actuarial assumptions, actuarial losses, or failure to fund or otherwise recognize normal cost accruals or interest on supplemental costs. These costs are included in the unfunded actuarial liabilities of the retirement system.
Examples of Supplemental cost in a sentence
Supplemental cost share agreements will be numbered consecutively following the original (#1) for each fire.
Supplemental cost will apply when additional services are needed in order for the event to proceed.
More Definitions of Supplemental cost
Supplemental cost means an element of the total actuarial cost of a retirement system