Reported Amount assumptions determine how earnings and other recurring participant amounts are selected and projected for future valuation years. When a Reported Amount supplies valuation earnings, its projection also supports PVFS and level-percentage-of-pay Entry Age Normal calculations.
Ignore amounts with effective dates [days] after calculation date — Excludes applicable records later than the calculation date plus the entered number of days.
Use Estimated Amounts — Includes records marked as estimated in the projection history.
Ignore earnings prior to current year when determining PVFS at Entry Age — Replaces earlier stored earnings in Entry Age Normal PVFS with current earnings projected backward using the salary scale. The Benefit Formula still uses its configured earnings history.
Assume Fixed Annual Increase — Projects the selected participant base by one annual percentage.
The partial-amount and reporting-frequency controls determine which stored amount becomes that projection base.
Assume Fixed Annual Amount — Projects one stated amount instead of increasing participant history. The amount can be prorated for partial periods or seeded from hire date when no history exists.
Based on Table — Projects the selected participant base using a Salary Scale Table.
Override projection base with user value — Uses the selected User Value when that participant input is positive.
Only use amount from most current year — When valuation earnings are projected backward, retains only the latest actual reporting year for this amount.
A Salary Scale Table projects a salary-type Reported Amount when annual increases vary by age, service, or both.
Rates Base — Retrieves annual increases by attained age, valuation table-lookup service, or both.
Select Period — Defines the last service select period; later service uses the ultimate column.
Minimum Age / Maximum Age — Defines the table range. A lookup outside the range uses the applicable endpoint rate.
Annual Rates — Annual salary increase for each age or service coordinate.