Unfunded actuarial liabilities definition

Unfunded actuarial liabilities or "unfunded liabilities" means the excess of a defined benefit
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Unfunded actuarial liabilities or "unfunded liabilities" means the excess of a defined benefit retirement plan's actuarial liabilities at any given point in time over the value of its cash and investments on that same date.
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Unfunded actuarial liabilities or "unfunded liabilities" means the excess of a retirement
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Examples of Unfunded actuarial liabilities in a sentence

  • Unfunded actuarial liabilities must be amortised, in accordance with government regulations, by cash contributions.

  • Unfunded actuarial liabilities have been somewhat volatile, ranging from approximately $10.7 million to $60.8 million (the most recent actuarial report indicated unfunded actuarial liabilities of $23.7 million.

  • Unfunded actuarial liabilities (or funding excess) are amortized over a period not to exceed thirty years.

  • Seller further agrees to assume, and to indemnify Smeal Fire Apparatus against, any and all financial responsibility arising from Seller’s failure to comply with these requirements and/or to supply Smeal Fire Apparatus with the information required to meet legal reporting obligations, including, without limitation, any fines, penalties, forfeitures, or counsel fees incurred or imposed as a result of actions taken by the importing country’s government.

  • Unfunded actuarial liabilities in a retirement program are to be amortized over a 25-year period or less.

  • Statutory Authority: ORS 238.650 & 238A.450Statutes Implemented: ORS 238.670 459-009-0070Actuarial Pooling of Employer Liability (9) Unfunded actuarial liabilities or surplus.

  • Funded Status and Funding Progress (as of most recent valuation) Unfunded actuarial liabilities are determined annually by the consulting actuary and reported to the COPERS’ Board.

  • Unfunded actuarial liabilities or surplus assets (excess assets) are amortized pursuant to Board policy such that the amortization payment is not less than that required to amortize the unfunded liability over 30 years.

  • Unfunded actuarial liabilities" or "unfunded liabilities" means the excess of a defined benefit retirement plan's actuarial liabilities at any given point in time over the value of its cash and investments on that same date.


More Definitions of Unfunded actuarial liabilities

Unfunded actuarial liabilities or "UAL" means the excess of the actuarial liabilities over the fair market actuarial value of assets.¶
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Related to Unfunded actuarial liabilities

  • Unfunded Liabilities means, with respect to any Plan at any time, the amount (if any) by which (i) the value of all benefit liabilities under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions), all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA.

  • 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 Current Liability of any Plan shall mean the amount, if any, by which the present value of the accrued benefits under the Plan as of the close of its most recent plan year, determined in accordance with Statement of Financial Accounting Standards No. 87 as in effect on the date hereof, based upon the actuarial assumptions that would be used by the Plan’s actuary in a termination of the Plan, exceeds the fair market value of the assets allocable thereto.

  • Actuarial valuation means a mathematical determination of

  • Pension Plans The meaning specified in Section 4.1(v).

  • ERISA Plan means any employee pension benefit plan subject to Title IV of ERISA maintained by any ERISA Affiliate with respect to which any Restricted Person has a fixed or contingent liability.

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.