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.
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:
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.
Sample Lives
For group calculations, click the Sample Lives button to select, run, and view sample life PIA calculations.
To select records to run as sample lives, you can either:
- Specify a Selection expression (applied after census expression), e.g., RecID = 10. The Selection Expression can be entered directly or you can click the
button to select an expression previously defined and stored in the Selection Expression library. Note that if the Selection Expression is blank, the Sample Life will operate on all records in the selected database, up to the maximum number specified for processing. - Pick specific records from the database. When picking records, you can optionally use the selection expression to filter the records shown. Records previously selected (checked) will remain selected when you change the selection expression. So, for example, you could first use a selection expression to find and select an active participant, then change the selection expression to find and select a terminated vested participant. If desired, you can click the
button to select which fields are displayed when picking records.
To process the chosen sample lives, click the Run button.