Examples of Act 205 in a sentence
The Actuarial Value of Assets is used for determination of the MMO as reported on the Act 205.
For a summary of the data of the Plan please refer to the 2021 Act 205 filing.
Measurement Year Ending*Amounts may not match the Act 205 Forms due to unpaid MMOs.The impact of investment gains or losses are recognized in the pension expense over a period of five years.
Measurement Year Ending*Amounts may not match the Act 205 Forms due to unpaid MMOs. Actuarial Value of Assets are estimated amounts for odd year-end Measurement Dates.The impact of investment gains or losses are recognized in the pension expense over a period of five years.
For a summary of the data of the Plan please refer to the most recent Act 205 filings.
Details concerning the plan are: Plan Description: The Parochial Employees’ Retirement System of Louisiana (the System) is a cost-sharing multiple-employer defined benefit pension plan established by Act 205 of the 1952 regular session of the Legislature of the State of Louisiana to provide retirement benefits to all employees of any parish in the state of Louisiana or any governing body or a parish which employs and pays persons serving the parish.
It is an entity that complies with the Corporate Fiduciary Act [205 ILCS 620].c) The trust agreement must be on the forms specified in Appendix A, Illustration A of this Part, and the trust agreement must be accompanied by a formal certification of acknowledgement, on the form specified in Appendix A, Illustration B .
Measurement Year Ending2013*Amounts may not match the Act 205 Forms due to unpaid MMOs. Actuarial Value of Assets are estimated amounts for odd year-end Measurement Dates.The impact of investment gains or losses are recognized in the pension expense over a period of five years.
The trustee of the standby trust fund must be an entity that has the authority to act as a trustee and whose trust operations are regulated and examined by the Illinois Commissioner of Banks and Trust Companies, or that complies with the Corporate Fiduciary Act [205 ILCS 620].
The Chief Administrative Officer shall submit the financial requirements of the plan and the minimum obligation of the Employer to the Employer (or its governing body) annually and shall certify the accuracy of such calculations and their conformity with Act 205.