Net Pension Liability definition

Net Pension Liability means the unfunded benefit obligation based on the market value of the assets and projected benefit obligation of the Assumed Plan as of the Calculation Time, as determined in accordance with GAAP as reflected in the principles, policies, procedures, and methodologies set forth on Exhibit J attached hereto.
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Net Pension Liability has the meaning ascribed to it in Section 2.03(h) of this Agreement;
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Net Pension Liability has the meaning set forth in Section 8.1(j)(iii).
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Examples of Net Pension Liability in a sentence

  • This RSI will be subjected to certain limited procedures but will not be audited: • Management’s Discussion and Analysis • Schedule of Contributions, Pension • Schedule of the District’s Proportionate Share of the Net Pension Liability Supplementary information other than RSI will accompany the District’s basic financial statements.

  • The Pension Statement and the calculation of the Net Pension Liability reflected therein shall become final and binding upon the Parties on the 60th day following Purchaser's receipt thereof (including supporting schedules, analyses, working papers and other documentation) unless Purchaser provides a notice of its disagreement with any component of the Pension Statement (the “Notice of Pension Statement Disagreement”) to Seller prior to such date.

  • Accounting principles generally accepted in the United States of America require the Management's Discussion and Analysis on pages 5 through 22, the Schedule of Other Postemployment Benefits (OPEB) Funding Progress on page 70, the Schedule of the District's Proportionate Share of the Net Pension Liability on page 71, and the Schedule of District Contributions on page 72, be presented to supplement the basic financial statements.

  • Not later than the 60th day following the Closing Date, the Seller shall prepare and deliver to the Buyer a statement (the “Pension Funding Statement for Mt. Holly Em▇▇▇▇▇es”) setting forth the Seller’s enrolled actuary’s calculation of the Net Pension Liability for Mt. Holly Em▇▇▇▇▇es (such amount, as determined pursuant to this Section 2.4(a) and Section 2.4(c), the “Final Net Pension Liability for Mt. Holly Em▇▇▇▇▇es”).

  • Within 7 days following the final determination of the Net Pension Liability pursuant to Section 3.04, Seller will deliver to the Purchaser Trust (or in the event the Purchaser Trust is not yet established at such time, to the trust of the Assumed Plan) an amount in cash equal to the difference between (a) the Net Pension Liability and (b) the Closing Pension Liability Payment, and will provide Purchaser evidence of such payment.

  • This RSI will be subjected to certain limited procedures but will not be audited:  Management’s Discussion and Analysis  Schedule of Contributions, Pension  Schedule of the District’s Proportionate Share of the Net Pension Liability Supplementary information other than RSI will accompany the District’s basic financial statements.

  • Long-term liability activity other than OPEB and Net Pension Liability for the year ended June 30, 2015, was as follows: Description Governmental Activities: Beginning Balance Additions Reductions Ending Balance Compensated Absences $2,017,031 $1,284,968 $1,136,980 $2,165,019 $750,000 The Department is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters.

  • As of June 30, 2015, the Department reported net pension liabilities for its proportionate shares of the net pension liability of the Plan as follows: Proportionate Share of Miscellaneous $ 194,770 Safety 25,488,381 Total Net Pension Liability $ 25,683,151 The Department’s net pension liability for the Plan is measured as the proportionate share of the net pension liability of the CalPERS pooled plans.

  • Under new GASB standards 67 and 68, the financial statements now reflect a calculation of the City’s Net Pension Liability to describe the City’s funding obligation to the Pension Systems.

  • Not later than the 60th day following the Pension Spinoff Date for Inactive Pension Participants, the Seller shall prepare and deliver to the Buyer a statement (the “Pension Funding Statement for Inactive Pension Participants”) setting forth the Seller’s enrolled actuary’s calculation of the Net Pension Liability for Inactive Pension Participants (such amount, as determined pursuant to this Section 2.4(b) and Section 2.4(c), the “Final Net Pension Liability for Inactive Pension Participants”).

Related to Net Pension Liability

  • Unfunded Pension Liability means the excess of a Pension Plan's benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan's assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Unfunded Pension Liabilities means the excess of a Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined in accordance with the assumptions used by the Plan’s actuaries for funding the Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.