Unfunded accrued liability definition

Unfunded accrued liability means the excess of the accrued liability over the actuarial value of the assets of a plan.
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Unfunded accrued liability means the excess of the
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Unfunded accrued liability means the actuarially determined accrued liabilities of the pension plan that are greater than the actuarially determined value of the pension plan assets.
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Examples of Unfunded accrued liability in a sentence

  • Unfunded accrued liability charges or credits established on June 30, 2015, or later years, will be amortized in the following manner: 1.

  • The normal contribution must be determined by the actuary for the retirement system after each actuarial valuation as the percentage of the compensation of all members which is sufficient to cover the cost of benefits determined under an actuarial cost method acceptable under the United States Treasury Regulations with respect to qualified retirement plans after taking into account members' contributions.(b) Unfunded accrued liability contribution.

  • Unfunded accrued liability, (1)-(2)$37,701,210 Employer Contributions1.

  • Unfunded accrued liability, (1)-(2) $1,881,606 Employer Contributions12.4%1.

  • Unfunded accrued liability, (1)-(2)$66,429,093 Employer Contributions1.

  • Unfunded accrued liability is amortized as a level dollar amount.

  • Work will consist of traffic circulation modifications achieved through minor geometric alterations, traffic signal modifications and new pavement markings.

  • The reason for the range was the discount rate (investment return) used in calculations.▪ Unfunded accrued liability: $1.3 to $2.6 billion (amount previously earned by existing employees and retirees).▪ Annual Required Contribution (ARC): $119 million if the subsidy was pre-funded and $222 million if the subsidy was financed on a pay-as-you-go basis.

  • Unfunded accrued liability, (1)-(2) $6,438,702 Employer Contributions1.

  • The evidence however suggests that the treatment offers some benefit in terms of improving partial renal response and reducing proteinuria in adult patients with LN.


More Definitions of Unfunded accrued liability

Unfunded accrued liability means that portion of the actuarial present value of pension plan benefits and expenses which is allocated to the period ending at the beginning day of the current plan year by the actuarial cost method, less the actuarial value of assets. (12881 §1 11/16/88)
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Related to Unfunded accrued 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 Liabilities means the amount (if any) by which the present value of all vested and unvested accrued benefits under all Single Employer Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans using PBGC actuarial assumptions for single employer plan terminations.

  • Unfunded Current Liability of any Plan shall mean the amount, if any, by which the actuarial present value of the accumulated plan benefits under the Plan as of the close of its most recent plan year exceeds the fair market value of the assets allocable thereto, each determined in accordance with Statement of Financial Accounting Standards No. 87, based upon the actuarial assumptions used by the Plan's actuary in the most recent annual valuation of the Plan.

  • Unfunded Exposure Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Unfunded Exposure Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • extended reduction (qualifying contributory benefits means a reduction under this scheme for which a person is eligible in accordance with paragraph 88 or 95;