Fair Value UAL definition

Fair Value UAL means the unfunded actuarial liability calculated using the fair value of assets rather than the smoothed actuarial value of assets used in the most recent actuarial valuation of PERS.

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Fair Value UAL means the unfunded actuarial liability calculated using the fair market value of assets.¶

Fair Value UAL means the unfunded actuarial liability cal- culated using the fair market value of assets.