Valuation Formula Inventory
All formulas currently displayed in the valuation help topics are collected below. Select a topic heading to open the source page with its explanations and term definitions.
Active and inactive liabilities — Total liability
Total Liability = PVFBTerm + PVFBDis + PVFBRet + PVFBSurv + ∑i ∈ 𝒜 Active Liabilityi𝒜 is the set of active participants.
Employee contributions and net normal cost — Net normal cost
NCNet = NCGross − NCEECNCEEC is the employee contribution normal cost, expressed as a positive amount.
Active Participant PVFB
Inactive PVFB
Payment Form
COLA Increase Factor
Benefit Formula — UC-attributed benefit
Benefit Formula — One-year UC benefit increase
Liability Formula
Normal Cost Formula
Vested Liability — Vested Benefit Obligation
Benefit Formula — PUC-attributed benefit
Benefit Formula — One-year PUC benefit increase
Liability Formula
Normal Cost Formula
Level percentage of pay — EAN rate
Level percentage of pay — Liability
Level percentage of pay — Normal cost
Level dollar — Annual cost
Level dollar — Liability
Level dollar — Normal cost
Dependent decrement probability
Probability of remaining active
Mid-Year Averaging