For salaries for years before the year of termination (Salaries before termination), the salary scale (i.e., both salary inflation and a salary merit scale, if applied) indicates whether, and how, to increase the salary values of the individual salary history or group salary definition to produce projected salaries. See the Salary Increases topic of Valuation Assumptions for a discussion of the salary scale parameters, including both the Constant rate and Variable by year options for the Salary inflation parameter and the Parameters button of the Salary merit scale parameter. As before, click the button to access the Salary Merit Scale Library and create new tables or modify existing ones.

If the Override salaries box is checked, these projected salaries are then be overridden to produce final salaries. The override options are:

• Project backwards from hire or termination at a level rate or

• Project backwards from hire or termination following changes in the National Average Wages.

Only full years of salary are considered. This specifically applies to the salary in the year of hire (even if provided under the individual salary history or group salary definition). Furthermore, salaries are considered only through the later of termination or the year prior to commencement, whichever comes first. For more information, see the discussion of the Salaries topic of the PIA custom operator. Note that the term “decrement” in the PIA operator article is the counterpart to the term “termination” under the PIA tool; furthermore, in the tool, “valuation date’ is the same as the termination date and thus does not appear in the list of options for projecting backwards.

In the output, projected salaries appear in the column “Salary Proj. w/ Scale” and the final, overridden, salaries appear in the column “Salary Proj. w/ Overrides”.

For projecting salaries to years after the year of termination (Salaries after termination), the same options are provided as under the PIA operator for projecting after decrement, Level salaries and Zero salaries. For more information, see the discussion under the Salaries topic of the PIA custom operator. Note that for a disability PIA (for a disabled disability insured worker under full retirement age), the termination year is ignored (and thus the salaries after termination are irrelevant).

See also Increase Rates.