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Pension Plan Processing and Reporting System

Manage pension plan data efficiently through Relius Table Entry and RP2000 tables. Import, analyze, and report with precision. Stay compliant with IRS regulations and actuarial methods. Enhance decision-making with yield curves and PBGC rates.

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Pension Plan Processing and Reporting System

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  1. Plan Processing in Relius

  2. Table Entry • Mortality • RP 2000 tables • Located on 12.0 website under Defined Benefit • RP2000tables.zip • Create new name and import

  3. Table entry (continued) • Yield curves • PBGC • PVAB • Rates immediately preceding valuation date • Target • Uses specification regarding number of months prior to valuation date • All values provided by the Internal Revenue Service beginning in Notice 2007-81

  4. Plan Specifications • Actuarial Methods / Pension Protection Act • Target Assumptions • Select base mortality tables (RP2000) • One time per calendar year • Projection is currently fixed • Applicable months • Similar to lookback period for determining target interest rates • Probability of lump sum • 0-100 • Delete and startover

  5. Plan Specifications (continued) • Segment rates • Target yield curve using applicable months • High quality bond • Used IF discount rate transition selected • Final rates • Blended using 1/3 2/3 rule • Used for 2008 / 2009 • Override • Generally should NOT be used if rates entered properly (uses most current)

  6. Plan Specifications (continued) • Optional combined mortality • Blends annuitant / nonannuitant mortality • Weighting • Tables are currently fixed • Used to create Optional combined table • Discount rate transition • Temporary blending of 4 year weighted current liability rate and segmented interest rates from yield curve

  7. Plan Specifications (continued) • Actuarial equivalent floor • Unisex mortality tables which have been released by the Internal Revenue Service • Revenue Ruling 2007-67 • 50/50 blend of Optional table • Non-annuitant issue with IRS • Current interest segments • PVAB yield curve using prior month • Override • Generally should NOT be used if rates entered properly

  8. Reports • Checking results • Contributions \ DB Employee \ Pension Protection Act • Annuity calculations • Annuity • Lump sum

  9. Annuity checking report

  10. Reports (continued) • Contributions \ DB Analysis \ 412 and 404 Contributions – Pension Protection Act • Funding percentages \ At-Risk Status • Minimum Required Contribution • Maximum Required Contribution

  11. DB Analysis for PPA

  12. DB Analysis for PPA

  13. DB Analysis for PPA

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