Advanced inputs control age measurement, interpolation, payment timing, beneficiary assumptions, mortality handling, and COLA for both sides of the conversion.

• Age and interpolation:
  • Calculation method to determine ages: Defines how elapsed time from birth date to measurement date becomes attained age.
  • Rounding of birth dates: Adjusts participant and beneficiary birth dates before age is measured.
  • Age Rounding / Repeating Decimal Digits: Rounds measured age using the selected convention and precision.
  • Calculate at fixed ages and interpolate: Calculates factors at the configured age interval and interpolates factors for ages between those points. For example, a starting age of 45 and period of 5 calculates factors at ages 45, 50, 55, and so on, and interpolates at intervening ages.
  • Interpolation Start Age: First age in the fixed-age interpolation series.
  • Interpolation Period: Number of years between calculated ages in the interpolation series.
  • Factor Measurement Date: Date at which participant and beneficiary ages are measured. Available sources include Annuity Commencement Date, Calculation Date, Account Determination Date, Small Benefit Cashout Date, and Formula Derived Item.
  • Factor Measurement Formula Derived Item: Provides the measurement date when Formula Derived Item is selected.

• Actuarial and payment inputs:
  • Payment Timing/Frequency: Values payments at the beginning or end of each payment period.
  • Payment Frequency: Number of payments per year in both underlying streams. Available frequencies include Weekly, Monthly, Quarterly, Semi-annual, and Annual.
  • Actuarial equivalence is as of: Date used to select time-sensitive interest and mortality assumptions. Select Annuity Commencement Date, Termination Date (if any), or Formula Derived Item.
  • Actuarial Equivalence Formula Derived Item: Provides the actuarial-equivalence date when Formula Derived Item is selected.
  • Duration for segment rates and yield curve begin on this date: Measures interest-rate duration from the actuarial-equivalence date rather than the factor measurement date.
  • Mortality Distribution: Controls within-year mortality and nonannual payment treatment.
  • Fixed beneficiary age difference: Derives assumed beneficiary age from participant age using separate male- and female-participant differences. Enter separate differences for male and female participants. A positive number assumes an older beneficiary; a negative number assumes a younger beneficiary.
  • Use actual beneficiary age if data exists: Uses the age assumption only when actual beneficiary age is unavailable.

• Cost of living adjustment:
  • Increase Rate - Fixed / Variable: Annual benefit increase entered directly or produced by a Formula Derived Item. Enter rates as decimals: 0.02 means a 2% annual increase; 0 means no increase.
  • Maximum Benefit Ratio - Fixed / Variable: Maximum increased benefit expressed as a multiple of the initial benefit, entered directly or produced by a Formula Derived Item. For example, 1.5 caps the increased benefit at 150% of its initial amount.
  • COLA Deferral Period - Fixed / Variable: Number of years after payment commencement before increases begin, entered directly or produced by a Formula Derived Item.
  • COLA Frequency: Interval at which increases are applied.
  • COLA Type: Compound applies each increase to the prior increased benefit; Simple applies each increase to the initial benefit.