Examples of Total Plan Liability in a sentence
Beginning with the fiscal year ended June 30, 2014, and in accordance with Governmental Accounting Standard No. 67, the funded status is determined using the Fiduciary Net Position (market value of assets) and the Total Plan Liability (Entry Age actuarial cost method).An increase in the funded status over time usually indi- cates a plan is gaining financial strength.
In accordance with Governmental Accounting Standard No. 67, the funded status is determined using the Fidu- ciary Net Position (market value of assets) and the Total Plan Liability (Entry Age actuarial cost method).An increase in the funded status over time usually indi- cates a plan is gaining financial strength.
Schedule of Net Pension LiabilityDate6/30/2014Total Pension Liability$1,781,130,985Plan Fiduciary Net Position1,516,720,045Net Pension Liability$264,410,940Plan Fiduciary Net Position as a Percentage of the Total Plan Liability 85.2%Covered employee payroll$153,979,385Net pension Liability as a percentage of covered payroll 171.7%This schedule is intended to show information for 10 years.
The Unfunded Liability of all Pension Plans does not in the aggregate exceed twenty percent of the Total Plan Liability for all such Pension Plans.
The Unfunded Liability of all Pension Plans does not in the aggregate exceed twenty percent (20%) of the Total Plan Liability for all such Pension Plans.