The Cost of Living Adjustment (COLA) Table stores annual benefit-adjustment rates by age, service, or a combination of age and service. Sponsor valuation assumptions can use the selected table to determine the COLA applied to benefit payments.

• Description: provides optional notes about the purpose or intended use of the table.
• Rates Basis: determines how DB Precision looks up a rate. Select Age for payment age, Service for the applicable service value, or Age/Service to use age rows and service-period columns.
• Select Period: sets the number of service-period columns in the rate grid. The last column is labeled >= N and applies to the selected period and all later periods. This item is unavailable when Age is the Rates Basis.
• Minimum Age / Maximum Age: limits the rows included in the table. The rows represent age when the basis is Age or Age/Service and service when the basis is Service. A Maximum Age of zero includes values through 120; lookups outside a limited range use the applicable endpoint rate.
• Annual Rates by Age / Service / Age/Service: displays the editable rate grid for the selected basis. Enter rates as decimals; for example, 0.0300 represents a 3% annual COLA.

Note: After the grid contains a positive rate, DB Precision locks Rates Basis, Select Period, Minimum Age, and Maximum Age to protect the existing table structure. Clear the rates to zero before changing these items.