Funded status definition

Funded status means the ratio, expressed as a percentage, of the actuarial value of assets for System members to the total liabilities of the System for future benefits.
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Funded status as defined in Section 4.13.
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Funded status means the ratio of the assets of the Plan to the actuarially estimated value of tuition
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Examples of Funded status in a sentence

  • Funded status (Market value of plan assets divided by funding target) as of July 1, Source: Valuation Report 2017 2016 Bank Plan 115.71% 111.32% * - Market value of plan assets reflects any contributions received through June 30, 2017.

  • Funded status E plans have enough assets to last about three years, while funded status F plans don't have enough assets for one year's benefit payments.

  • Funded Status: Funded status is derived by subtracting the value of the projected benefit obligations at December 31, 2002 from the end of year fair value of plan assets.

  • Funded status A and B currently meet the Board's definition of "actuarially sound".

  • Funded status: (230) ------- 8,204 ------- (1,155) ------- 10,669 ------- Projected benefit obligation in excess of plan assets.....

  • Funded status C plans do not currently meet the definition of "actuarially sound", but are projected to be "actuarially sound" at some point in the future.

  • Funded status at the end of 2003 will depend primarily on the actual return on assets during the year and the discount rate at the end of the year.