Unfunded actuarial liabilities definition

Unfunded actuarial liabilities or "unfunded liabilities" means the excess of a defined benefit
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Unfunded actuarial liabilities or "unfunded liabilities" means the excess of a defined benefit retirement plan's actuarial liabilities at any given point in time over the value of its cash and investments on that same date.
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Unfunded actuarial liabilities or "unfunded liabilities" means the excess of a retirement
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Examples of Unfunded actuarial liabilities in a sentence

  • Unfunded actuarial liabilities must be amortised, in accordance with government regulations, by cash contributions.

  • Unfunded actuarial liabilities have been somewhat volatile, ranging from approximately $10.7 million to $60.8 million (the most recent actuarial report indicated unfunded actuarial liabilities of $23.7 million.

  • Unfunded actuarial liabilities (or funding excess) are amortized over a period not to exceed thirty years.

  • Seller further agrees to assume, and to indemnify Smeal Fire Apparatus against, any and all financial responsibility arising from Seller’s failure to comply with these requirements and/or to supply Smeal Fire Apparatus with the information required to meet legal reporting obligations, including, without limitation, any fines, penalties, forfeitures, or counsel fees incurred or imposed as a result of actions taken by the importing country’s government.

  • Unfunded actuarial liabilities in a retirement program are to be amortized over a 25-year period or less.

  • Statutory Authority: ORS 238.650 & 238A.450Statutes Implemented: ORS 238.670 459-009-0070Actuarial Pooling of Employer Liability (9) Unfunded actuarial liabilities or surplus.

  • Funded Status and Funding Progress (as of most recent valuation) Unfunded actuarial liabilities are determined annually by the consulting actuary and reported to the COPERS’ Board.

  • Unfunded actuarial liabilities or surplus assets (excess assets) are amortized pursuant to Board policy such that the amortization payment is not less than that required to amortize the unfunded liability over 30 years.

  • Unfunded actuarial liabilities" or "unfunded liabilities" means the excess of a defined benefit retirement plan's actuarial liabilities at any given point in time over the value of its cash and investments on that same date.


More Definitions of Unfunded actuarial liabilities

Unfunded actuarial liabilities or "UAL" means the excess of the actuarial liabilities over the fair market actuarial value of assets.¶
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Related to Unfunded actuarial liabilities

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Loan Party or any Subsidiary of any Loan Party for its Canadian employees or former Canadian employees, but does not include a Canadian Union Plan, the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • Pension Plan means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—