Benefit Component Tables contain values that depend on age, service, sex, or some combination of these elements. ProAdmin looks up table values based on the member’s age and service measured from the values defined by the date of birth and date of hire and the beneficiary age measured from the values defined by the parameters from your Census Specifications.

The values are entered into a ProAdmin spreadsheet whose interface permits values to vary by age, service, age and service (i.e., the table is select and ultimate), and sex. See Table Interface for details about constructing tables and entering their values. If your benefit component table is to contain present values of an annuity at various ages, ProAdmin can calculate annuity values and fill the table with them.

Once the benefit component table has been created, you may establish a benefit formula component, or an accrual basis component that refers to it, depending on whether the benefit component table will be used for a Benefit Formula expression box, or for the Accrual Basis (Basis Formula) of an accrual definition type of Benefit Formula Component, respectively.