Edit Numeric

Numeric Default Value

Specify the value of the Numeric Data Default that should be used for the new entrants in the New Entrants Runs.

The user should specify the absolute value and the number of decimal places to use.

If you wish to consider a member specific value for each member then contact a member of the SuperVal support team for more information.

Decimal Places

In order to get the correct precision, you must specify the number of decimal places to be displayed.

An input data field such as a Benefit Multiple will require a few decimal places but an accumulation of contributions will be accurate enough if rounded to the nearest pound. The Data File created will contain the values entered into the Value field rounded to this number of decimal places.

Type of Numeric Data

The type field is a display only field reminding you of the type of the numeric data item.

The distinction is only relevant for the New Entrant Model Replacement when multiple members are assumed in the New Entrant Proportions. The New Entrant Data Default for a Total Numeric non-standard data field will be multiplied by the number of members whereas the Average Numeric non-standard data field will not.

An example of a Total Numeric non-standard data field might be a salary source item (as the total salary for the group of members is assumed) whereas an example of an Average non-standard data field might be an additional contribution rate (where the same rate applies irrespective of the number of members).

OK

When you have finished entering the relevant information, click the OK button to move to the next screen.

SuperVal will check that all of the required entries on the page have been made. If additional fields require data SuperVal will briefly show in red the label of the first of these fields found on the page.

Cancel

Clicking on the Cancel button allows you to return to the previous screen without saving any of your changes.