The Account Provision Screen is for defining the specifics of the Account Definition, including the type of account and method for accumulating interest. On this screen, you also identify the amounts deposited into the account.

Multiple Account Provisions are needed if the specific set of requirements for the Account Definition vary through time, with each provision defining the set of conditions for a given time period.

• Period: details the period of time for which this Account Provision applies. The Effective Date is the start of the first period these particular parameters are applicable and the Stop Date is the end date. If the provision continues to apply without an end date, check the None box for the Stop Date.
• Transactions: area to add or delete specific Transactions for a Account Definition. A Transaction is essentially a deposit to the account. Multiple Transactions are possible and are used for accounts with multiple types of deposits.
  
  Use the "+" and "-" buttons to add and delete Transactions, respectively. Once an item is added, double click on it to access the Account Provision Transaction screen to enter details about the deposit itself.
• Basic Settings:
• Account Type: select the type of Account Definition you wish to define. Choose from Employee Contributions, Cash Balance Account, 403(b) Account, 401(k) Account, or Career Average Benefit.
• Reduce account balance by return of contribution amounts paid to employee:
• Reduce account balance by lump sum or small benefit cashout amounts:
• Allow interim negative account balances:
• Allow final negative account balances:
• Interest Crediting: section to define the specific interest crediting rate methodology for the Account Definition.
• Crediting Frequency: select the frequency for crediting interest. Choose from Annual, Semi-annual, Quarterly, Monthly, or None.
  
  Note that for no interest accumulation, you should select None from the drop down box.
• Rates: select the blue Rates button to specify the parameters of the interest crediting rate itself via the Account Provision Interest screen.
• Separate credited interest rates if terminated employment: select this box if different interest crediting rates apply once a Person terminates employment.
  
  You can then define such rates by clicking the corresponding blue Rates button and filling out another Account Provision Interest screen, similar to the one above.
• Fractional Period Interest Credit Method: indicate the method used to calculate interest during fractional periods. Choose Simple Interest or Compound Interest from the drop down box.
• Interest Period Determination Method: choose the exact method for defining each year of interest here.
• Accumulate interest through end of day:
• Do not credit interest on interim deposits: select this box if you do not want interest credited on deposits made between periods. If this box is checked, interest will begin with the next full period (as defined by the Crediting Frequency field above).
• Do not credit interest on off-plan year interest deposits:
• Interest Crediting for Interim Deposits and Final Partial Periods: area to define how interest is credited during a partial period.
  
  As an example, this is where you define how interest is credited in year of distribution for a Person who wishes to receive their account balance part way through the year when interest is credited on an annual basis.
  
  Choose one of the following options:
• Deposits and balances accrue interest until the end of each period where the accumulation period is rounded as defined below: select this item if you wish to credit interest on partial periods using the indicated method of rounding for the period. Enter Round Type and Round Unit below in the Accumulation Period Rounding section.
  
  This selection essentially measures the length of the partial period using the indicated method of rounding. Interest is then credited on an simple or compound basis for this fractional period of time based on your entry for Fractional Period Interest Credit Method.
• Deposits and balances accrue interest until the end of each period and interim deposits accrue the following fraction of a period: select this item if you wish to credit interest using a set fraction of a full period of interest for all partial periods. Enter the fixed fraction in the box labeled Fraction.
  
  As an example, this can be used if you wish to credit a 1/2 year's interest when a Person withdraws their account balance during the year, regardless of the number of months before distribution. (Here we are assuming interest is credited on an annual basis.) Enter 0.5 in the box labeled Fraction. Interest will then be credited on an simple or compound basis for the 1/2 year period based on your entry for Fractional Period Interest Credit Method.
  
  
  • Reduce this fraction for partial periods:
  • Only reduce in last period:
  • Round accumulation period:
  • Determine all fractions from period start:
  • Apply fraction to rate rather than period:
• There is no interest crediting on interim deposits or during any final partial period: select this item if you do not wish to credit any interest for partial periods.