The Regulatory Data Increase Rates selection brings up the dialog box that allows you to select the topics to enter rates to project Historical Regulatory Data. You may set rates for the projection of the following regulatory data items:
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U.S. IRC section 415(b) maximum benefit dollar limit (unrounded),
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U.S. IRC section 401(a)(17) maximum compensation (unrounded),
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U.S. social security national average wage,
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U.S. social security consumer price index (CPI),
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Canada ITA Maximum
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Canada yearly maximum pensionable earnings (YMPE)
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U.K. Lower Earnings Limit (LEL)
The user clicks on one of the items displayed in the list and the window to set the projection rate is displayed. There are three choices for projection rates. The first is a Constant; the second is Variable (from library), this is an entry from the library Increase Rate Tables; and the third is Variable where the user enters the variable rate into the spreadsheet.
If increase rates are constant the value can fall within the range -20% to 20%. The rate is entered as a decimal.
Variable makes use of a three-column spreadsheet interface. Complete a row for each rate increase. For example, if the date is 1/1/2000 and a rate is to increase at 1/1/2002 from 5% to 6%, then enter:
