Deferreds Basis: Demographic
Decrement Rates Parameter Set
- Demographic Male Decrement Rates Parameter Set
- Demographic Female Decrement Rates Parameter Set
Decrement Rates Parameter set is a Scheme Global parameter which groups
the Male or Female Decrement variables. This can be created by using
either the Create Globals function or using the Add/Edit Decrement
Rates button. Once created, these parameters can be edited without
going back into the Basis similar to other global parameter sets.
Early/Late Retirement Decrement Table
- Demographic Male Retirement Rates
- Demographic Female Retirement Rates
This field is used to define the early/late retirement decrement rate at each age. All decrement rates entered are assumed to be independent. SuperVal will derive the dependent rates from these.
Actives
Double click to select from either an age related retirement
table (R type) or an age and service related retirement table (RM
type). The service start date used to calculate the duration of service
when applying RM type tables can be varied using the Date for
Durational Decrements field. To ignore
early/late retirement select the table R000which contains zero at all
ages. The table description will be shown to the right of this field.
Members who retire prior to NRA are assumed to retire half-way through the year. Members who retire at NRA or after are assumed to retire on the anniversary of the valuation date.
On reaching the NRA (or LRA if later) specified in the basis file, SuperVal will retire all members regardless of any entry in this table. Members who are over NRA (or LRA if later) at date of valuation will be assumed to retire immediately.
Deferreds
For deferred members, double click to select an age
related retirement table (R type). To ignore early retirement select
the table R000which contains zero at all ages. The table description
will be shown to the right of this field.
On reaching the NRA specified in the basis file, SuperVal will retire all members regardless of any entry in this table. Members who are over NRA at date of valuation will be assumed to retire immediately.
Note: The Late Retirement functionality is only available to some users.
Related
Selecting rate tables
Rate tables can be selected by any of the following methods:
- Right-click on the field for a list of appropriate Rate Tables. For a field that will accept more than one type of Rate Table (e.g. Miscellaneous Tables), the list will be restricted to the current Table Type specified in the field – if you wish to see all allowable Rate Tables, delete the Table Type from the field before clicking; or
- Double Clicking on the field will produce the Rate Tables form where Rate Tables can be viewed (numerically and graphically) and Rate Tables can be added or edited. A Rate Table can be selected by pressing the Select button or double clicking on the Rate Table description in the tree; or
- the list of allowable Rate Tables can be scrolled through by
pressing the
<or>keys. The description of the Rate Table to the right of the field will change as each new Table is selected.
Age Rating
Any Rate Table can be rated up or down by a number of years as required
to make the rate at every age lighter or heavier than in the
original table.
A value of +10 will result, for example, in the value selected for a
30 year old actually being the rate for a 40 year old and for a value of
-5 would mean that the value at age 25 is selected.
If an age rating of a fraction of a year is required, a new table will have to be created through the Edit rate table option on the Rate Table form.
Percentage Adjustment
A percentage adjustment can be made to either a Rate Table or a Salary.
The Rate Tables can be adjusted by a percentage loading to make the decrement rate lighter or heavier than the original table. The salary for new entrants can be loaded to reflect changes in the salary profile.
Enter the number as percentage above 100% i.e. if a loading of 110% is
required then enter 10 or if a loading of 90% then enter -10. If no
adjustment is required then leave blank.
Transfers Out Rates
- Demographic Male Transfers Out Rates
- Demographic Female Transfers Out Rates
This field is used to define the transfer-out decrement rate at each age (non-retirement ages). Decrement rates entered are assumed to be independent. SuperVal will derive the dependent rates from these.
Double-click to select from an age-related transfer table (TO type).
To ignore transfers out, select the table TO000which contains zero at all ages.
The table description will be shown to the right of this field.
Members who transfer out are assumed to exit half-way through the year.
Related
Age Rating
Any Rate Table can be rated up or down by a number of years as required
to make the rate at every age lighter or heavier than in the
original table.
A value of +10 will result, for example, in the value selected for a
30 year old actually being the rate for a 40 year old and for a value of
-5 would mean that the value at age 25 is selected.
If an age rating of a fraction of a year is required, a new table will have to be created through the Edit rate table option on the Rate Table form.
Percentage Adjustment
A percentage adjustment can be made to either a Rate Table or a Salary.
The Rate Tables can be adjusted by a percentage loading to make the decrement rate lighter or heavier than the original table. The salary for new entrants can be loaded to reflect changes in the salary profile.
Enter the number as percentage above 100% i.e. if a loading of 110% is
required then enter 10 or if a loading of 90% then enter -10. If no
adjustment is required then leave blank.
Proportion of Retirees Transferring Out
- Demographic Proportion of Male Retirees Transferring Out
- Demographic Proportion of Female Retirees Transferring Out
This field is used to define the proportion of retirees who are transferring out at each retirement age.
Double-click to select from an age-related transfer table (TP type).
To ignore transfers out at retirement, select the table TP000which contains zero at all ages.
The table description will be shown to the right of this field.
Related
Age Rating
Any Rate Table can be rated up or down by a number of years as required
to make the rate at every age lighter or heavier than in the
original table.
A value of +10 will result, for example, in the value selected for a
30 year old actually being the rate for a 40 year old and for a value of
-5 would mean that the value at age 25 is selected.
If an age rating of a fraction of a year is required, a new table will have to be created through the Edit rate table option on the Rate Table form.
Percentage Adjustment
A percentage adjustment can be made to either a Rate Table or a Salary.
The Rate Tables can be adjusted by a percentage loading to make the decrement rate lighter or heavier than the original table. The salary for new entrants can be loaded to reflect changes in the salary profile.
Enter the number as percentage above 100% i.e. if a loading of 110% is
required then enter 10 or if a loading of 90% then enter -10. If no
adjustment is required then leave blank.
Age Rating
Any Rate Table can be rated up or down by a number of years as required
to make the rate at every age lighter or heavier than in the
original table.
A value of +10 will result, for example, in the value selected for a
30 year old actually being the rate for a 40 year old and for a value of
-5 would mean that the value at age 25 is selected.
If an age rating of a fraction of a year is required, a new table will have to be created through the Edit rate table option on the Rate Table form.
Percentage Adjustment
A percentage adjustment can be made to either a Rate Table or a Salary.
The Rate Tables can be adjusted by a percentage loading to make the decrement rate lighter or heavier than the original table. The salary for new entrants can be loaded to reflect changes in the salary profile.
Enter the number as percentage above 100% i.e. if a loading of 110% is
required then enter 10 or if a loading of 90% then enter -10. If no
adjustment is required then leave blank.
Age Rating
Any Rate Table can be rated up or down by a number of years as required
to make the rate at every age lighter or heavier than in the
original table.
A value of +10 will result, for example, in the value selected for a
30 year old actually being the rate for a 40 year old and for a value of
-5 would mean that the value at age 25 is selected.
If an age rating of a fraction of a year is required, a new table will have to be created through the Edit rate table option on the Rate Table form.
Percentage Adjustment
A percentage adjustment can be made to either a Rate Table or a Salary.
The Rate Tables can be adjusted by a percentage loading to make the decrement rate lighter or heavier than the original table. The salary for new entrants can be loaded to reflect changes in the salary profile.
Enter the number as percentage above 100% i.e. if a loading of 110% is
required then enter 10 or if a loading of 90% then enter -10. If no
adjustment is required then leave blank.
Age Rating
Any Rate Table can be rated up or down by a number of years as required
to make the rate at every age lighter or heavier than in the
original table.
A value of +10 will result, for example, in the value selected for a
30 year old actually being the rate for a 40 year old and for a value of
-5 would mean that the value at age 25 is selected.
If an age rating of a fraction of a year is required, a new table will have to be created through the Edit rate table option on the Rate Table form.
Percentage Adjustment
A percentage adjustment can be made to either a Rate Table or a Salary.
The Rate Tables can be adjusted by a percentage loading to make the decrement rate lighter or heavier than the original table. The salary for new entrants can be loaded to reflect changes in the salary profile.
Enter the number as percentage above 100% i.e. if a loading of 110% is
required then enter 10 or if a loading of 90% then enter -10. If no
adjustment is required then leave blank.
Add/Edit Decrement Rates
Add or Edit any Spouse parameter sets.
Save As
Click the Save As button to save with a new parameter description.
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.