Norwegian Cruise Line operates one cruise ship out of the Port of New Orleans, the Norwegian Dawn, which offers 7-day cruises to the Caribbean during the winter sailing season. With a capacity of 2,340 passengers, the Dawn is 965 feet long by 125 feet maximum width.
Aggregate Level Cost Method. DEFINITION of 'Aggregate Level Cost Method'. An acturial cost method that tries to match and allocate the cost and benefit of a pension plan over the span of the plan's life. The Aggregate Level Cost Method typically takes the present value of benefits minus asset value and spreads the excess amount over the future payroll of the participants.
Aggregate Funding Method. The aggregate funding method is a standard actuarial funding method. The annual cost of benefits under the Aggregate Method is equal to the normal cost. Under this method, all plan costs (for past and future service credit) are included under the normal cost. Therefore, the method does not produce an unfunded actuarial accrued liability outside the normal cost.