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Technical Reference

 This Technical Reference details many of ProVal’s calculations:

Accounting yield curve interest assumption in a Valuation Set or forecast
Adjusted monthly segment rates for Deterministic Forecasts
Amortization over fractional periods
Amortization under calendar year interest rates
Attained age level percent of salary cost method
Canadian excess contributions
Canadian solvency & windup liability calculations
Canadian triennial valuations
Correlation matrix validity
Decrements: beginning of year vs. middle of year
Decrements: rates by benefit
Decrements: rates vs. probabilities
Discounting with spot rates (and segment rates)
Effective duration
Effective interest rates
Efficient frontier - useful ancillary output
Employee contribution methodology
Entry age normal cost method
Expected benefit payments
Expected future service
Experience studies: active decrements and inactive mortality
Gain and loss analysis: a conceptual framework
Gain and loss analysis: U.S. PPA target liabilities
German accounting service cost and interest cost
German state contribution adjustment
German state pension calculations
German Teilwert and PSVaG liability calculations
Government and Corporate bond yield curves and investment returns
Headcount calculations - OPEB mode
Headcount calculations - pension modes
Interest on expected benefit payments
Interest on expected employer contributions
Interpolate results to exact age
Interpolation of a Core Projection's results
Liability interpolation methodology when forecasting to a yield curve
Liability Return and Excess Return
Life expectancy for actives
Life expectancy for inactives
Lifetime maximums, annual caps and spending account calculations
Mortality improvement (generational mortality)
Payment form values for mid-year benefits
Present values: benefits payable (m)thly
Present values: benefits payable (m)thly - German mode
Present values: joint & survivor annuity payment forms
Present values: modified cash refund annuity payment form
PUC and UC attribution
Roll forward of liabilities
Roll forward of market value of assets
Schedule of active participant data
Service and age calculations
U.K. PPF liability (Section 179)
U.S. Internal Revenue Code section 415 limits
U.S. mid-plan year valuations
U.S. PPA discounting contributions
U.S. RPA optional and/or transition rule calculations
U.S. social security PIA calculations
U.S. social security wage base
Vested inactives valued as active
Vested liability calculation
Weighted average retirement age