Funded ratio definition

Funded ratio means the ratio of the actuarial value of the assets of the fund to the actuarial accrued liability of the Association for payments from the fund, as determined by the Association’s actuaries.

Funded ratio means the ratio of a public retirement system’s actuarial value of assets divided by the system’s actuarial accrued liability.

Funded ratio means the ratio of the actuarial value of assets to the actuarial

Examples of Funded ratio in a sentence

• These targets are the required Funded Ratio targets set by the IRS in order for the Fund to maintain the extended amortization periods previously granted in accordance with IRC Section 412(e) - last modified by the IRS on October 5, 2010.

• The contributions would have to go up as follows: Unions: 1%* 0.5 billion / 0.4 billion = 1.25% Gov’t: 1% * 0.5 billion 10.4 billion = 1.25% Adjusted Assets = $8 billion + $1 billion = $9 Billion Adjusted Funded Ratio = 90% Note this example assumes the unions take corrective action through contributions.

• Determination for Year Beginning April 1: Funded Ratio of April 1: 2012 58% 2013 60% 2014 62% 2015 64% 2016 66% 2017 68% 2018 70% 2019 72% 2020 74% 2021 76% 2022 78% Future Revisions 2023 80% The Trustees shall review the Rehabilitation Plan and the Schedules each year and shall make any changes or updates required under IRC Section 432(e)(3)(B).

• Similarly, the pro-rata share of the 2003 plan year contributions assigned to the Hospira ARP in Section 4.1(b) of this Agreement, that are contributed following the Distribution Date, shall be taken into account for purposes of calculating the ABO Funded Ratio of the Hospira ARP as of the Distribution Date as if those contributions had been part of the assets of the Hospira ARP on the Distribution Date.

• Valuation Report reveals a Funded Ratio less than 100%, and the Present Value of Previously Established Emerging Deficit Contributions exceeds the Emerging Deficit, Emerging Deficit Contributions set out in the prior Actuarial Valuation Report can be reduced (while maintaining their remaining amortization period), such that the Emerging Deficit will be eliminated over the remaining time in the same amortization period for which those contributions were required.

More Definitions of Funded ratio

Funded ratio means the ratio of the

Funded ratio means current assets compared to current liabilities. When a plan is 100% funded, it means current assets are sufficient to pay 100% of current liabilities (which include future benefit obligations). The percentages in this column are rounded.

Funded ratio means the value of a System’s assets, expressed as a percentage of the plan's actuarial liability

Funded ratio means the ratio of net assets to net liabilities of the employees' retirement system or Hawaii employer-union health benefits trust fund, as applicable, as determined by actuarial valuation.

Funded ratio means the ratio of the Assets of the Pension Plan to the Liabilities of the Pension Plan, expressed as a percentage and as calculated by the Pension Plan’s Actuary and set out in an Actuarial Valuation Report that is prepared using the actuarial methods and assumptions described in Paragraph 6.3(c) of the Joint Sponsorship Agreement;

Funded ratio means the actuarial or smoothed value of assets divided by going concern accrued actuarial liability as disclosed in the most recent going concern valuation.

Funded ratio means the ratio of the actuarial value of assets to the actuarial 2 accrued liability consistent with the funding policy of the retirement board as defined in § 36-8-4.