PVPBGCMax
returns
the present value
of the PBGC maximum guaranteed benefit under IRC Section 436(d)(3)(A)(ii) and
ERISA 206(g)(3)(C)(i)(II).
The
amounts are determined each year by PBGC in accordance with methodology
provided in Technical
Update 07-4.
More information can be
found at the PBGC web site:
·
Present Value of PBGC Maximum Guarantee
·
Maximum Monthly Guarantee Tables
Syntax
PVPBGCMax (DeterminationYear,
LawYear, Age, [WageInflation])
|
Parameter Name |
Description |
|
DeterminationYear |
A
4 digit number. If the DeterminationYear is after the LawYear,
this is a projected calculation based on the WageInflation assumption. |
|
LawYear |
A
4 digit number. |
|
Age |
The
annuitant’s age. Must be a whole number. |
|
WageInflation |
The
assumed rate of increase in the National Average Wage, used to project the
Wage Based (old) at the DeterminationYear. This
is used only for a projected calculation. Optional:
default = 0% |
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