Maximum Service

For users without Maximum Service or Maximum Service Table fields on the Death Pen Tab or IH Pen Tab

Enter the maximum number of year’s service that can count towards all pension benefits.

SuperVal processes the Benefit Slices in descending number order. Each Benefit Slice is cumulated to the last Benefit Slice. Therefore any maximum service restriction will tend to apply to Slice 1, the future service slice. Note that service on individual slices can either be included or excluded in the maximum according to the setting of Count Towards Maximum Service on the Slice Tab. The service maximum specified will also apply where the Retirement Cash Option is set to Accrual × Salary for each year.

For users with Maximum Service or Maximum Service Table fields on the Death Pen Tab or IH Pen Tab

Enter the maximum number of year’s service that can count towards pension benefits. To use a Service Maximum Table, leave the Retirement Maximum Service field blank. Double click for a list of available tables.

SuperVal processes the Benefit Slices in descending number order. Each Benefit Slice is cumulated to the last Benefit Slice. Therefore any maximum service restriction will tend to apply to Slice 1, the future service slice. Note that service on individual slices can either be included or excluded in the maximum according to the setting of Count Towards Maximum Service on the Slice Tab. The service maximum specified will also apply where the Retirement Cash Option is set to Accrual × Salary for each year.

The Maximum Service to apply for augmented death and ill health benefits can be specified separately on the Death Pen Tab and the IH Pen Tab. These fields will be used to determine the maximum augmented service for these benefits.

Some fields are only available to some users.