Actuarial Cost Method. The Committee or its authorized delegatee shall determine the actuarial cost method to be used in determining costs and liabilities under the Plan pursuant to Section 301 et seq., of ERISA and Section 412 of the Code. The Committee or its authorized delegatee shall review such actuarial cost method from time to time, and if it determines from review that such method is no longer appropriate, then it shall petition the Secretary of the Treasury for approval of a change of actuarial cost method.
Appears in 2 contracts
Sources: Union Hourly Employees’ Retirement Plan (FMC Technologies Inc), Employees’ Retirement Program (FMC Technologies Inc)