U.S. qualified and U.S. public modes

The PIA calculations tool lets you compute a U. S. social security primary insurance amount (PIA) for a single individual or a group. (This tool was available in all modes prior to version 3.01 of ProVal. If you saved a PIA Calculations tool in the universal pension, Canadian registered pension or OPEB mode library in a ProVal version prior to 3.01, you may access your saved entry by use of the PIA Calculations tool in either the US qualified or U.S. public mode.)

For guidance, refer to the Social Security Act as amended, the Internal Revenue Code Sec. 401(l) regulations and our Technical Reference article entitled U.S. social security PIA calculations.

If Individual calculation is selected, all pertinent employee information must be input. If Group calculation is selected, employee information is retrieved from the database. Sample lives may be run with the Group calculation once all topics are edited. For group calculations, after all required inputs are complete, you may click the Sample Lives button to select, run an d view sample life PIA calculations.

Select a topic to edit contains entries for each category of information (topic). The Employee Data topic will vary depending on whether individual or group calculation has been selected. The other topics will not vary. Click the name of a topic to access its parameters:

Employee Data

Increase Rates

Salary Projection

Soc. Sec. National Average Wage

Soc. Sec. CPI

Regulatory Data

Click the Run button to execute the PIA calculations. ProVal will check for completion of all specified parameters, and then, if no errors are found, calculate the PIA. When the PIA calculation is complete, ProVal displays the PIA parameters and output. If a Group calculation is performed the PIA result will be written to a selected database field in the current database.