The Other Parameters dialog box contains marital fraction parameters that may be coded with the same input values as, or different values from, these parameters in Valuation Assumptions. If the input values differ, then actuarial gains and losses will be generated accordingly in the Core Projection.

In the pension modes, the Interest rate for intra-year timing of experience employee contributions parameter is used for displaying employee contributions made during the forecast years. Internally, ProVal holds all employee contribution payments as of the beginning of the year. Therefore, when displaying these employee contributions for output purposes, the interest rate entered here is used to adjust the beginning-of-year contributions to mid-year; that is, during a Core Projection, experience employee contributions are converted to a present value at the beginning of the year and then back to cash during a deterministic or stochastic forecast.

In the Canadian pension mode, the Solvency incremental cost period (in years) parameter specifies the number of years over which the solvency incremental cost should be calculated. For example, if you want incremental cost for a three year period, enter 3. See the Technical Reference article entitled “Canadian Solvency Liability Calculations“ for details, including ProVal’s calculation methodology.