The Late Accumulation Screen is used to define the interest rate for Pre-MRD and Post-MRD Retirement Benefits.

• Interest Rate Sections: these sections identical in layout define the rate of interest before and after the madatory retirement period.
• Rate: select the specific method used to determine the interest rate.
• Fixed Rate: select if the interest rate is a fixed percentage that never changes over time. Enter the fixed rate as a decimal in the box labeled Rate.
• Variable Rate: choose this item if the interest rate is variable and fluctuates based upon some index or published rate. Select the specific variable index to be used from the drop down box.
  
  If this method is selected, you must also fill out the Variable Interest Rate Parameters area.
• User Defined: make this selection to use a set of fixed rates that vary through time.
  
  Select the blue Details button to access the Late Accumulation Rate screen. Use the "+" or "-" button to add or delete rates respectively. Once you add a rate, double click on the entry and you will be taken to the Accumulation Rate screen where you can enter the Effective Date of the rate and the Fixed Rate itself.
• Same as pre-MRD rate: select this option if the Pre-MRD and Post-MRD rates are the same.
• Variable Interest Rate Parameters: this section is filled out if a Variable Rate is chosen for the interest crediting rate basis. Here you define the specifics of such variable rate.
• Rate Reset Frequency: indicate the frequency upon which the interest rate is reset. Choose from the following options: Annual, Semi-annual, Quarterly, Monthly, Weekly, or Daily.
• Calendar Anniversary: this is used in combination with the Rate Reset Frequency to define the specific period a variable rate applies and when the interest rate is reset. Enter the Month and Day of the anniversary year that starts the reset frequency.
• Number of Lookback Months: indicate how many months of lookback should be used to determine the variable rate for the period. The system selects the rate for the month that is the indicated number of lookback months prior to the beginning of the particular rate reset period.
• Adjustment Ratio: enter any ratio adjustment to be applied to the interest rate determined using the parameters above. For example, the interest rate desired may be 120% of the PBGC rate. In this case, you would enter 1.2 here.
• Adjustment Amount: enter any fixed adjustment to be applied to the interest rate determined using the parameters above. For example, if you always wish to add a flat 1% to the variable rate when crediting interest, enter a flat adjustment of .01 here.
• Balance Adjustments: add an Accumulation Adjustment and its Effective Date to manually adjust accumulated payments.
• Fractional Period Interest Credit Method: choose whether prior payments are accumulated using Compound Interest or Simple Interest.