ACTUARIAL COST METHOD AND ASSUMPTIONS Sample Clauses

The "Actuarial Cost Method and Assumptions" clause defines the methodology and underlying assumptions used to calculate the present and future costs of a pension or benefit plan. It typically specifies the actuarial method (such as entry age normal or projected unit credit) and details key assumptions like interest rates, mortality rates, and employee turnover. By standardizing these calculations, the clause ensures consistency and transparency in determining funding requirements, helping to prevent disputes and maintain the financial health of the plan.
ACTUARIAL COST METHOD AND ASSUMPTIONS. (a) Actuarial Cost Method projected unit credit (b) Annual real rate of return 4.0% (c) Annual inflation rate 3.37% (d) Annual interest rate 7.5% (e) Annual YMPE increase rate annual inflation rate plus 1% (f) Annual salary increase 4.37% plus seniority salary scale (g) Increase in Tax Act maximum annual inflation rate plus 1% (h) Mortality (i) Withdrawal rate None (j) Disability rate None (k) Retirement age Age 58 or age at Date of Application if older than 58 (l) Seniority salary scale see table Sx Unisex Sx Unisex
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ACTUARIAL COST METHOD AND ASSUMPTIONS. (a) Actuarial Cost Method projected unit credit (b) Annual real rate of return 3.40% (c) Annual inflation rate (for indexation) 2.00% (d) Annual interest rate 5.40% (e) Annual YMPE increase rate (i) For an Applicant transferring from the Pension Plans administered by the ATRF who last occupied a position covered by the Pension Plans administered by the (f) Annual salary increase (i) For an Applicant transferring from the Pension Plans administered by the ATRF who last occupied a position covered by the Pension Plans administered by the (h) Mortality (i) Withdrawal rate None (j) Disability rate None (l) Seniority salary scale
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ACTUARIAL COST METHOD AND ASSUMPTIONS. Actuarial Cost Method projected unit credit
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ACTUARIAL COST METHOD AND ASSUMPTIONS. (a) Actuarial Cost Method projected unit credit (b) Annual real rate of return rate as per section 7(c)(i)(B) (c) Annual inflation rate rate as per section 7(c)(i)(B)
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ACTUARIAL COST METHOD AND ASSUMPTIONS. (a) Actuarial Cost Method Projected unit credit (b) Annual real rate of return 4.75% (c) Annual inflation rate 2.50% (d) Annual interest rate 7.25% (e) Annual YMPE increase rate 3.25% (f) Annual salary increase 3.25% plus seniority scale (g) Annual increase in Tax Act maximum 3.25%
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ACTUARIAL COST METHOD AND ASSUMPTIONS. (a) Actuarial Cost Method projected unit credit (b) Annual interest rate (i) Non-Indexed rate rate as per section 7(c)(i)(B) of the agreement (ii) Indexed rate rate as per section 7(c)(i)(B) of the agreement (c) Annual inflation rate determined as [1+ item 2(b)(i)]/[1 + item 2(b)(ii)]-1 (d) Annual real rate of return equal to item 2(b)(ii) (e) Annual YMPE increase rate annual inflation rate plus 1% (f) Annual salary increase annual inflation rate plus 1% plus seniority salary scale (g) Increase in Tax Act maximum annual inflation rate plus 1% (h) Mortality (i) Pre-Retirement None (ii) Post-Retirement (i) Withdrawal rate None
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ACTUARIAL COST METHOD AND ASSUMPTIONS. (a) Actuarial Cost Method projected unit credit (b) Annual interest rate
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ACTUARIAL COST METHOD AND ASSUMPTIONS. (a) Actuarial Cost Method projected unit credit (b) Annual real rate of return 3.50% (c) Annual inflation rate 2.75% (d) Annual interest rate 6.25% (e) Annual YMPE increase rate (i) For an Applicant transferring from the Pension Plans administered by the ATRF who last occupied a position covered by the Pension Plans administered by the ATRF as an Active Member (f) Annual salary increase
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ACTUARIAL COST METHOD AND ASSUMPTIONS. (a) Actuarial Cost Method Unit credit (with Present Value of Benefits adjusted by the Funded Ratio as outlined below) (b) Annual real rate of return 4.00% (c) Annual inflation rate 2.25% a. Pre-retirement indexing 100% of inflation b. Post-retirement indexing 75% of inflation (d) Annual interest rate 6.25% (e) Annual YMPE increase rate N/A (f) Annual salary increase N/A (g) Annual increase in Tax Act maximum N/A (h) Mortality CPM-RPP 2014 Public generational mortality using improvement scale CPM-B with adjustment factor of 1.12 for males and 1.01 for females; GAM71 for disabled members; (Unisex basis of 25% male / 75% female) (i) Withdrawal rate None (j) Disability rate None (k) Retirement age 45% assumed to retire when age plus credited service equals 89, 45% when age plus credited service equals 91 and 10% when age plus credited service equals 94 but not later than age 62
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Related to ACTUARIAL COST METHOD AND ASSUMPTIONS

  • Definitions and Assumptions For purposes of this Agreement: (i) the terms “excess parachute payment” and “parachute payments” shall have the meanings assigned to them in Section 280G of the Code, and such “parachute payments” shall be valued as provided therein; (ii) present value shall be calculated in accordance with Section 280G(d)(4) of the Code; (iii) the term “Base Period Income” means an amount equal to Executive’s “annualized includible compensation for the base period” as defined in Section 280G(d)(1) of the Code; (iv) “Agreement Benefits” shall mean the payments and benefits to be paid or provided pursuant to this Agreement; (v) for purposes of the opinion of the National Advisor, the value of any noncash benefits or any deferred payment or benefit shall be determined by the Company’s independent auditors in accordance with the principles of Sections 280G(d)(3) and (4) of the Code, which determination shall be evidenced in a certificate of such auditors addressed to the Company and Executive; and (vi) Executive shall be deemed to pay federal income tax and employment taxes at the highest marginal rate of federal income and employment taxation, and state and local income taxes at the highest marginal rate of taxation in the state or locality of Executive’s domicile (determined in both cases in the calendar year in which the Date of Termination occurs or the notice described in Section 4.5(b) above is given, whichever is earlier), net of the maximum reduction in federal income taxes that may be obtained from the deduction of such state and local taxes.

  • Assignment and Assumption The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

  • Payoffs and Assumptions The Seller shall provide to the Purchaser, or its designee, copies of all assumption and payoff statements generated by the Seller on the related Mortgage Loans from the related Cut-off Date to the related Transfer Date.

  • Acceptance and Assumption Assignee hereby accepts the foregoing assignment and further hereby assumes and agrees to perform, from and after January 1, 2002, all duties, obligations and responsibilities of the property manager arising under the Agreement.

  • FORM OF ASSIGNMENT AND ASSUMPTION This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.