Pensioners Basis: PPFCAP

Service Cap Start Date

The Service Cap Start Date is used to work out the pensionable service in calculation of the long service cap increase. The use of this field is dependent on the settings in the PPF Scheme Details.

Service Cap End Date

The Service Cap End Date is used to work out the pensionable service in calculation of the long service cap increase. The use of this field is dependent on the settings in the PPF Scheme Details.

Male Capped Retirement Age

Female Capped Retirement Age

Specify the NRA for Males/Feamles. This field will be used when running Non PPF capped runs.

Pre 1997 Discontinuance Pension Increases

The PPF Benefit Cap can be applied to the Accrued Benefits in Non-PPF Capped valuation runs. The Benefit Cap applied is that selected on the Scheme PPF parameters adjusted by the Age Factor table and Cash Factor table. Specify here the rate at which the Pre-1997 benefits will increase.

Select from the drop-down list the Global Financial Parameter that contains the rate applicable. Once selected, the current value of the Global Financial Parameter is shown to the right of this field.

To add a new Global Financial Parameter use the Edit Scheme Financials button at the bottom of this Tab.

Post 1997 Discontinuance Pension Increases

The PPF Benefit Cap can be applied to the Accrued Benefits in Non-PPF Capped valuation runs. The Benefit Cap applied is that selected on the Scheme PPF parameters adjusted by the Age Factor table and Cash Factor table. Specify here the rate at which the Post-1997 benefits will increase.

Select from the drop-down list the Global Financial Parameter that contains the rate applicable. Once selected, the current value of the Global Financial Parameter is shown to the right of this field.

To add a new Global Financial Parameter use the Edit Scheme Financials button at the bottom of this tab.

Edit Scheme Financials

Clicking the Edit Scheme Financials button takes you to the Scheme Financials menu.

Here you will be able to see a list of all the Financials that are currently defined. Double-click on the tree to see an expanded list of all financial assumptions that are defined.

Click the Add/Edit Financials to change the value of one of the assumptions.

Edit Scheme PPF

Clicking the Edit Scheme PPF button will take you to the PPF Global Parameters Screen where these parameters can be edited.

SaveAs

Click the Save As button to save with a new file name.

Save

Clicking on the Save button allows you to save the entries.

Quit

Clicking on the Quit button allows you to exit without saving any of your changes.

In some of the screens you will be asked to confirm if you want to exit Ignoring all changes. If you click Yes, the file will be closed without saving any changes. If you click No you will be returned to your original screen.

From the Browser, the Quit button will take you to a graphical display of the results.