Valuation Liability Extension
Unify pension administration and actuarial valuation
Extend DB Precision to cover all your valuation needs with integrated calculations based on industry standards and actuarial mathematics.
Produce verified valuation results at a fraction of the cost
- PensionSoft's proprietary valuation engine applies established actuarial formulas and recognized valuation methods.
- Determines present value of accrued liabilities and normal costs using industry standard formulas for all traditional actuarial cost methods.
- Calculates funding target liability, normal cost, and at-risk measures for IRC §430 and ERISA §303 minimum-funding valuations.
- Supports IRC §404 maximum-deductible contributions, PBGC premium funding targets, and FASB/GASB pension accounting.
Leverage existing DB Precision setups to streamline valuation integration
- Implementation is easy with our intuitive interface – clients who already utilize DB Precision for pension administration are just a few steps away from being fully set up for valuation.
- Model retirement, termination, death, and disability benefit streams using configurable sponsor assumptions and plan provisions.
- Reuse existing plan coding to model salary, service, eligibility, benefit amounts, and payment forms.
- Create database captures to preserve participant data at a point in time to generate reproducible, auditable valuation results.