Defined benefit retirement plan definition
Defined benefit retirement plan or "defined benefit plan" means a plan within the retirement
Defined benefit retirement plan or "defined benefit plan" means a plan within the retirement systems provided for pursuant to 19-2-302 that is not the defined contribution retirement plan.
Defined benefit retirement plan means the retirement plan established
More Definitions of Defined benefit retirement plan
Defined benefit retirement plan. The Corporation has a defined benefit retirement plan covering substantially all of its employees. The benefits are based on years of service and the employees' compensation. The Corporation's funding policy is to contribute annually the maximum amount that can be deducted for federal income tax purposes. Contributions are intended to provide not only for benefits attributed to service but also for those expected to be earned in the future. Information pertaining to the activity in the Plan is as follows: 1998 1997 ---- ---- (In Thousands) Change in benefit obligation: Benefit obligation at beginning of year $ 2,583 $ 2,336 Service cost 145 98 Interest cost 194 166 Actuarial loss 4 61 Benefits paid (68) (78) ------- ------- Benefit obligation at end of year 2,858 2,583 ------- ------- Change in plan assets: Fair value of plan assets at beginning of year 2,401 2,187 Actual return on plan assets 167 197 Employer contribution 154 95 Benefits paid (68) (78) ------- ------- Fair value of plan assets at end of year 2,654 2,401 ------- ------- Funded status (204) (182) Unrecognized net actuarial loss (102) (130) Unrecognized net transition asset (26) (28) ------- ------- Accrued benefit cost $ (332) $ (340) ======= ======= Pension expense included the following components for the years ended December 31: 1998 1997 1996 ---- ---- ---- (In Thousands) Service cost, benefits earned during the year $ 145 $ 98 $ 110 Interest cost on projected benefit obligation 194 166 157 Actual return on plan assets (167) (197) (160) Net amortization (20) 36 11 ------- ------- ------- $ 152 $ 103 $ 118 ======= ======= ======= Assumptions used in the accounting were: 1998 1997 1996 ---- ---- ---- Discount rates 7.5% 7.5% 7.5% Rates of increase in compensation levels 4.0 4.0 4.0 Expected long-term rate of return on assets 7.5 7.5 7.5 JUNIATA VALLEY FINANCIAL CORP. AND ITS WHOLLY-OWNED SUBSIDIARY, THE JUNIATA VALLEY BANK NOTES TO CONSOLIDATED FINANCIAL STATEMENTS EMPLOYEE BENEFITS (CONTINUED)
Defined benefit retirement plan means the retirement plan established in AS 39.35.085 - 39.35.680;
Defined benefit retirement plan means the retirement plan estab- lished in AS 14.25.009 - 14.25.220;
Defined benefit retirement plan means the defined benefit retirement plan provided for under Title
Defined benefit retirement plan means the Retirement Plan for Employees of Wood Hole Oceanographic Institution, the defined benefit plan maintained by the Institution for certain eligible employees. The Defined Benefit Retirement Plan was closed to new participants effective January 1, 2010.
Defined benefit retirement plan means the defined benefit retirement plan provided for under Title 19, chapter 3, or the defined benefit retirement plan provided for under Title 19, chapter 20.
Defined benefit retirement plan means the RightCHOICE Defined Benefit Retirement Plan as modified by the Compensation Committee from time to time to the extent such modifications apply to all actively-employed senior executives of RightCHOICE.