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Professional Edition - Pension Evaluator
- The Pension Evaluator is included in the Professional Edition.
Product Benefits:
- Enable you to help your client estimate the value of a defined benefit pension plan.
- Generate a report that shows key items of data and the pension value results.
- Enable you to give an attorney or judge a comprehensive audit report showing line-by-line how the pension value is derived.
- Enable you to help your client see what the value of the plan payments would be if the employee were to retire later (or earlier).
- Enable you to help your client see what the value of the plan payments would be if the employee's salary were to increase over time.
- Enable you to help your client decide whether to elect a lump sum settlement or payments over time.
Product Features:
- Calculates value using both so-called "GATT" (unisex) and "PBGC" (gender specific) tables, both from Group
Annual Mortality (GAM-83) tables.
- Allows entry of any discount rate and suggests Federal Reserve web site where appropriate discount rates are updated regularly.
- Allows user-entered plan benefit (from plan administrator).
- Also, can estimate plan's benefit based on the plan's features and the employee's relevant years' salaries.
- Calculates value based on plan benefit and key dates.
- Option to estimate benefit "as if" employee continues to work until cut-off date, or earliest retirement date, or regular
retirement date.
- Estimates value for retired employees.
- Includes a detailed audit report explaining line by line how the value is calculated.
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