Actuarial Valuation Detail
The Actuarial Valuation Detail Screen displays specific fields from the Valuation Extract file for a Person for a selected snapshot.
Screen Items
  • Basic Information: in this section basic data is displayed, including Social Security Number, Name, Gender, Date of Birth, Date of Hire, Date of Termination, Normal Retirement Date, and Prior Year Payments.
  • Beneficiary Information: displays the Gender and Date of Birth of the applicable Beneficiary/Contingent Annuitant.
  • Other Plan/Sponsor Amounts:
    • Reported Amounts: Reported Amounts selected for display in the Valuation Extract file are also shown here for a Person. The labels 1, 2, 3, etc. correspond to the column number selected for output within the Plan Sponsor Reported Amount definition itself using the Val Extract button.

      For example, a particular Reported Amount entitled Division may be selected for output into Reported Amount column 1 in the Valuation Extract file. This Person's Division will be shown here next to the label 1.
    • Salary: this box displays the history of a Person's valuation salary, with 1 being the most recent amount.

      To select the actual salary field shown here, you must indicate which Average Earnings Definition is considered the valuation salary by checking the box Use earnings for valuation extract on the chosen Average Earnings Definition screen.
    • Calculated Amounts: calculated amounts selected for display in the Valuation Extract file are also shown here for a Person. The labels 1, 2, 3, etc. correspond to the column number selected for output within the calculated amount itself using the Val Extract button.

      Calculated amounts that can be displayed in the Valuation Extract file and therefore also shown here include Formula Derived Items, Service Definitions, and Account Definitions.
  • Service Items: this last section displays the following service fields as of the snapshot date: Credited Service and CSD (credited service start date), Vesting Service and VSD (vesting service start date), and Participation Service and DOP (date of participation).

    The system displays these details based on the Plan's specific Service Definitions for Credited Service, Vesting Service, and Participation Service, respectively, as identified using the corresponding check boxes on the appropriate Service Definition screens.
  • Benefit Information: benefit payment information is summarized here. Fields include Payment Start Date and Stop Date, as well as the Annual Benefit, Certain Stop Date, and Form of Annuity.

    In addition, you can view the Level Income Date (the date the benefit payable from the plan decreases when a level income option is elected), and Level Income Amount (the amount the benefit decreases to when a level income option is elected).

    The Benefit Fractions section displays the fractions for Both (when both Participant and Contingent Annuitant are alive), Participant (when just the Participant is alive), and Contingent (when just the Contingent Annuitant is alive).
  • Supplemental Benefit Information: this section displays the same information as above for the Supplemental Benefit (excluding Level Income information).
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