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Spreading Method For Prospective Element

If the benefits are not insured, this field is used to determine how the accrual of either a salary related or a prospective pension or cash benefit is spread. Select from the drop-down list which of the following options to use:

  • FAS
  • Projected Unit

For CC3 users the selection on the Death Pen Tab will be used for both pension and cash benefits paid on death.

The FAS option values the full prospective element whenever the member is assumed to exit, then spreads this over the period from Spreading Start Date to Spreading Finish Date. For normal FAS values, Spreading Start Date should be set to DJF and Spreading Finish Date to LDATE.

The Projected Unit option values the full prospective element for those who exit within the control period only. For those who do not exit during the control period, only the benefit based on accrued service is valued. Spreading dates are ignored. For attained age valuations, SuperVal values the full prospective element for all future exits, i.e. the control period is infinite.

Not all options are available to all users.