For tax / funding assumptions in the German pension mode, the PSVaG Liability topic allows you to specify parameters necessary to calculate PSVaG Liability.

Check the Calculate PSVaG Liability box to have ProVal calculate the PSVaG Liability during the valuation. If this liability is calculated, you can choose to Multiply benefits by significant owner coverage fraction in the case that significant ownership reduces the amount of PSVaG insured benefits owed to some or all participants. Select, from the list of numeric fields unhidden in the current Project, the field that contains the fractional value to multiply the calculated benefits by.

In addition, you can choose to Multiply PSVaG benefit cap by fraction remaining in the case that separate benefits have been valued using multiple valuations and some amount less than the full liability cap (i.e., less than the Bezugsgroesse) remains for some or all participants. Thus this parameter is useful when multiple valuations are run separately with different benefits and each valuation must reflect the limit available after the prior valuation(s). Select, from the list of numeric fields unhidden in the current Project, the field that contains the fractional value (representing the reduction in maximum benefits attributable to benefits included in a prior valuation) to multiply the liability cap by.

Note that in order to calculate the PSVaG Liability, the PSVaG benefit cap must be determined. This benefit cap calculation is based on the parameterization of the Regulatory Data topic Federal State field.