As of 31 December 2016, the company's accrued liability
related to the straight-line rent on the lease between the company and the City was approximately USD 2.
Under previous authoritative standards this amount was known as the unfunded actuarial accrued liability
(UAAL) or unfunded actuarial liability (UAL); under the GASB's new pension pronouncements, it will be referred to as the net pension liability (NPL).
Morningstar's pension plan analysis focused on two key metrics: funded ratio-the ability of a pension plan to meet its obligations, which is calculated by dividing the pension plan's assets by its liabilities; and unfunded actuarial accrued liability
(UAAL) per capita-the unfunded liability per capita, representing the amount each person in the state would need to pay to fully fund this unfunded liability.
When the latter exceeds the former, the result is what's called the unfunded actuarial accrued liability
, soon to be known as the net pension liability.
In its filing to the Securities and Exchange Commission (SEC), the bank said that the legal liability, in addition to its accrued liability
, would range from USD145m to USD1.
Proceeds from the series 2010A POBs will finance a portion of the county's share of Sonoma County Employees' Retirement Association unfunded actuarial accrued liability
For retiree health benefits, studies estimate that the total unfunded actuarial accrued liability
for state and local governments lies between $600 billion and $1.
These checks are an accrued liability
for a municipality until paid to the rightful vendor or until applicable law allows the jurisdiction to claim the funds through escheatage.
The effects of a termination benefit on an employer's defined benefit pension or OPEB obligations (for example, a change in an employer's actuarial accrued liability
for pension benefits or postemployment healthcare benefits) should be accounted for and reported in accordance with the requirements of Statement 27 or Statement 45, respectively.
The common and simple approach used to compute the book-tax difference for these accrued liabilities is to subtract the ending balance from the beginning balance in the accrued liability
Currently, the Retirement Plan's assets exceed both the plan's accrued liability
as well as total liability as calculated by the plan actuary.
The actuarial accrued liability
for benefits not yet due and payable would be reported in the schedule of funding progress, together with the actuarial value of assets (generally, market value smoothed over, for example, three to five years).