<![CDATA[Endres Actuarial - News]]>Tue, 21 May 2024 12:12:38 -0500Weebly<![CDATA[EAC Tools Version 2024.2.4]]>Tue, 21 May 2024 15:54:03 GMThttps://endresactuarial.com/news/eac-tools-version-202424Added 2025 IRS static mortality tables published in IRS Notice 2024-42:
  • 417(e) lump sum mortality table
  • 430(h) static tables (male and female)
]]><![CDATA[EAC Tools Version 2024.2.1]]>Thu, 21 Mar 2024 02:43:46 GMThttps://endresactuarial.com/news/eac-tools-version-202421EAC Tools has the following enhancements:
  • Updated everything to 2024:
    -- 2024 ERISA 4044 an 4050 mortality tables.
    -- Updated various function demos to 2024.
    -- Updated PBGC Retirement Rate Categories to 2024 and added auto download for future years.
    -- Added CPI-U and CPI-W for all months of 2023.
  • New tables and charts (see below).
  • Added new estimated future 417(e) mortality table "LS2025est". This is a projected table using the methodology that was used by the IRS it produce the table for 2024. This works for any year greater than 2024, although "LS2025est" is the only table shown in the list of tables.
  • Faster startup: Upon Excel launch, the EAC Tools add-in does the following:
    -- checks to see if there is an updated version is available.
    -- checks to see if updated segment rates are available.
    With this version, the HTTP download comes from just one small text file instead of two, resulting in a faster startup.
  • Faster startup: eliminated check for old Utilities add-in which was deprecated one year ago, this was a relatively slow process, and it is no longer needed.
  • Fixed special handling of compound YrsCert for AESLtoJL function in Explainer and Audit
  • Enabled mouse wheel scroll for lists on various user dialogs.
  • Added new function TRate3 to return the 3-Year Treasury Rate.
  • Social Security Period Life Tables upgraded to allow any year that has been published by the SSA. These tables are contained in a new database file EACDataPLT.accdb.
  • Added new functions PVJLX_WS and AESLtoJL_WS to handle specialized joint & survivor annuities with years certain.
  • Fixed a minor issue where the present value of a joint life annuity axy should be 0 (instead of .5427 = 13/24) in the case where the "current age" is greater than the mortality table's terminal age. This had no effect on any other results.
  • Fixed a minor issue where combining two tables using the "^" option cause qx=2 at the terminal age, instead of qx=1. This caused a strange result at the final age, but the affect was practically nil.
]]><![CDATA[EAC Tools New Features in Version 2024.2.1]]>Wed, 20 Mar 2024 05:00:00 GMThttps://endresactuarial.com/news/eac-tools-new-features-in-version-202421You now can view tables and charts showing:
  • Consumer Price Index (CPI-U and CPI-W)
  • Treasury rates (1, 3, 5, 10, 30-year)
  • IRS minimum present value segment rates
These charts are available from the EAC Tools "Special" menu.
Picture
]]><![CDATA[Updated Terms and Conditions]]>Wed, 20 Mar 2024 05:00:00 GMThttps://endresactuarial.com/news/updated-terms-and-conditionsEAC Terms and Conditions have been changed. All users will have to agree to the Terms and Conditions when they launch EAC Tools version 2024.2.1 for the first time.

Click here to read the Terms and Conditions; also available in Excel: EAC Tools/About EAC Tools/View Terms and Conditions.]]><![CDATA[EAC Tools version 2024.1.3 bug fix]]>Wed, 17 Jan 2024 20:54:58 GMThttps://endresactuarial.com/news/eac-tools-version-202413-bug-fixFixed a bug where Excel would open, and the add-in would change the calculation mode set to "manual" instead of "automatic", overriding the user's desired setting. This was a rather mysterious issue in Excel that affected some users.]]><![CDATA[EAC Tools version 2024.1.2 bug fix]]>Sat, 18 Nov 2023 19:15:12 GMThttps://endresactuarial.com/news/eac-tools-version-202412-bug-fixFixed a potential bug that popped up in version 2023.1.1 that was issued last week. This issue affected only EAC Tools -- Full Version, it did not affect EAC Tools -- Basic Version.

The bug occurred if you were to refresh the Social Security wage base data. In this case, the download from the Social Security web page would fail. If you did not refresh the wage base data, then there was no problem.

If you refreshed the wage base data, then you would have the problem:
  • Function WageBase was off (during the download, the digits after the comma were dropped). For example, the wage base for 2024 would be $168 instead of $168,600.
  • Function CovComp and Function SocSec were off because of the WageBase issue.
  • ​The resulting values for Wage Base, Covered Compensation, and Social Security would be nearly zero, thankfully it is an error that is hard to miss!
]]><![CDATA[EAC Tools new version 2024.1.1]]>Fri, 10 Nov 2023 16:43:36 GMThttps://endresactuarial.com/news/eac-tools-new-version-202211Fixed a bug that popped up in version 2024.1.0: This affected only the AESLtoJL function where the "years certain" parameter was set to, for example, "5,0". In this example, the function would use 5-years certain for the SL annuity, and 0-years certain for the JL annuity. The bug was using incorrectly treating "5,0" as a number instead of a text string, resulting in using 50-years certain for the SL annuity.]]><![CDATA[EAC Tools new version 2024.1.0 updated for 2024]]>Fri, 20 Oct 2023 18:45:44 GMThttps://endresactuarial.com/news/eac-tools-new-version-202410-updated-for-2024
  • Added a new mortality improvement scale, 2024 Adjusted Scale MP–2021 Rates, announced by the IRS on October 20, 2023, and published here.
  • Added new 2024 IRS static mortality tables:
    -- 417(e) lump sum mortality table published in IRS Notice 2023-73.
    -- 430(h) static tables (male and female) published in IRS final regulations.
  • Note that the generational tables mentioned in the final regs already exist in EAC Tools. The "2012 Pri-2012 special base tables" are as follows:
    -- IRS2012BASE-ANN-M
    -- IRS2012BASE-ANN-F
    -- IRS2012BASE-NON-M
    -- ​IRS2012BASE-NON-F
    You can use these tables along with the mortality improvement scale of your choice to produce your desired mortality table.
  • Added September 2023 CPI to produce 2024 regulatory amounts (IRS amounts not announced at this time).
]]><![CDATA[EAC Tools new version 2023.2.3]]>Wed, 31 May 2023 17:33:31 GMThttps://endresactuarial.com/news/eac-tools-new-version-202323Fixed a minor issue with Excel's function dialog box where the parameter descriptors were not displayed properly.]]><![CDATA[EAC Tools new version 2023.2.2]]>Wed, 24 May 2023 16:40:37 GMThttps://endresactuarial.com/news/eac-tools-new-version-202322This is another minor update, with an even faster add-in startup upon launching Excel.]]>