FAS 87 definition
Examples of FAS 87 in a sentence
Unlike FAS 87, which allows for delayed recognition in net periodic pension cost of certain unrecognized amounts, FAS 88 requires immediate recognition of certain costs arising from settlements and curtailments of defined benefit plans.
The assets and liability valuations as disclosed to the U.S. Purchaser in respect of the RELTEC Plan have been determined using reasonable actuarial assumptions consistent with FAS 87 and the March 31, 2004 footnote disclosure previously provided to the U.S. Purchaser.
The asset and liability valuations provided to the U.S. Purchaser prior to the date of this Agreement in respect of the liabilities of the US Qualified Plan to be transferred to the Purchaser Defined Benefit Plan hereunder were determined using reasonable actuarial assumptions consistent with FAS 87 and the March 31, 2004 footnote disclosure previously provided to the U.S. Purchaser, taking into account the Social Security supplement and death benefits thereunder.
Copies of the actuarial valuation reports or FAS 87 reports for such plans have been made available to the New Investor.
The Contractor shall coordinate with the HSPP Administrator to ensure DOE receives an annual reporting and accounting of the Contractor’s pension obligations, pursuant to Financial Accounting Standard (FAS) 87, for those employees participating in the HSPP and supply the Administrator with all the information necessary to maintain the Federal tax qualifications of all Contractor and Hanford Site pension plans.
Master Hourly Employees Pension Plan attributable to Employees and Former Employees, over the amount of assets of each such plan attributable to Employees and Former Employees, all calculated as of the Effective Time, and (ii) the FAS 87 service cost resulting from Sellers' agreement to credit additional service and compensation set forth in Section 7.6(b)(i) hereof (determined using the actuarial assumptions and methods utilized by Sellers in determining the service cost for such plans).
With respect to a plan, the ABO Funded Ratio shall equal the fair market value of assets of that plan divided by the Accumulated Benefit Obligation of that plan, as determined under FAS 87.
The aggregate amount of such assumed liabilities and obligations under the Supplemental Plans have been valued using reasonable actuarial assumptions consistent with U.S. GAAP and the FAS 87 assumptions set forth in the March 31, 2004 footnote disclosure previously provided to the U.S. Purchaser.
U.S. DEFINED CONTRIBUTION DC PLAN (401K) FAS 87 Expense Determination/Year-end Disclosures • Provider provides general oversight role with Recipient owning process.
Master Hourly Employees Pension Plan attributable to Employees and Former Employees, over the amount of assets of each such plan attributable to Employees and Former Employees, all calculated as of the Closing Date, and (ii) the FAS 87 service cost resulting from Parent's agreement to credit additional service and compensation set forth in Section 7.09(c)(i) hereof (determined using the actuarial assumptions and methods utilized by Parent in determining the service cost for such plans) over (B) $8,000,000.