Pension Management & Forecasting Software

 

Comprehensive Actuarial Valuation System   

State Of The Art Actuarial Valuation Methodology

  • Multiple decrement model
  • Select & ultimate decrements
  • Select & ultimate interest rates
  • All common actuarial cost methods
  • Numerous asset valuation methods
  • Expense loading

Individual Or Grouped Census Data

  • Validation of individual participant records
  • Enter grouped data at the keyboard or from a file
  • Analyze subsets of the total participant group

Benefit Provisions

  • A variety of generalized, parameterized benefit formulae
  • Annuity & cash balance plans
  • Lump sums
  • Supplements
  • Cost of living increases
  • Customization services provided to handle unusual cases

Base Year Replication

  • Validate and reconcile to most recent actuarial valuation typically to within 5%.
  • Differences larger than these usually arise because of omission of certain portions of a plan's benefit provision, use of grouped vs. individual participant data, or approximations to certain calculations.

Copyright Irwin Tepper Associates, Inc. 2008