This page covers the two closely related screens used to define how a Reported Amount is treated beyond the calculation date. Most screen items are shared, but the valuation version includes two additional options.

• Assumptions Reported Amount: opens from a Reported Amount on the Calculation Assumption Provision screen. It provides the shared no-projection, fixed annual increase, and fixed annual amount settings described below.
• Valuation Assumptions Amount: opens from a Reported Amount on the Basic tab of the Valuation Assumption Provision screen. It provides all shared settings and adds a table-based projection method and an option to use only the most current year of amounts.

There are no screen items that appear only on the Assumptions Reported Amount screen.

• Do not project this amount (assume zero for future amounts): prevents the Reported Amount from being projected beyond the calculation date and assumes zero for future amounts. Selecting this box disables the projection-method settings.
• Assume Fixed Annual Increase (0.03 = 3%): projects the Reported Amount using the annual percentage entered in the adjacent field. Enter 0 for a level projection with no annual increase.
  • Handling of Final Partial Amount: controls whether and how the final partial amount is used to establish the projection.
    • Include final partial amount when projecting: includes the final partial amount when developing projected amounts.
    • Annualize final partial amount when projecting: annualizes the included final partial amount before it is used in the projection.
    • Final Full Amount: specifies how the final full amount is treated when a partial amount is available. The choices are Ignore (if partial is available), Is a Minimum, and Is a Maximum.
  • Determine projection base by using reporting frequency: uses the Reported Amount's reporting frequency when determining the projection base.
• Assume Fixed Annual Amount: projects the value entered in the adjacent field as the fixed annual amount. For example, an Hours field could use 2,080 to assume that participants work 2,080 hours per year.
  • Adjust fixed amount for partial periods: prorates the fixed amount for partial periods.
  • If no amounts exist, assume an amount on hire date: begins using the fixed amount on the participant's hire date when no Reported Amounts exist.
• Override projection base with user value: allows the selected User Value input to override the defined projection base when a value is entered during a calculation.

• Based on Table: projects the Reported Amount using annual increases from the selected Salary Scale Table instead of a fixed annual increase or fixed annual amount.
• Only use amount from most current year: limits the valuation calculation to Reported Amounts from the most current year and excludes older amounts.

A blank space in the Type and Value columns on the Calculation Assumption Provision screen means that a projection has not been explicitly saved for that Reported Amount. Save a projection type for every Reported Amount so the intended treatment is clear. Otherwise, the calculation controller determines the projection from the Reported Amount type and reporting frequency.