A Retirement Age Probability Table supplies annual retirement decrement probabilities by age, service, and sex. Sponsor Assumptions can apply a table to active retirement or retirement after termination.
Rates Base — Retrieves rates using the participant’s attained age, valuation table-lookup service, or both.
Select Period — Defines the final service select period and caps later service at the ultimate column.
Minimum Age / Maximum Age — Defines the table range. A lookup outside the range uses the applicable endpoint rate.
Unisex — Uses one rate series for all participants. When cleared, the table stores separate male and female rates.
Annual Rates — One-year retirement probabilities from zero to one. A value of 1.00 represents retirement with certainty.