- Added September 2024 CPI to produce 2025 regulatory amounts (official IRS amounts have not been announced at this time).
- Added the ability to define the interest parameter using spot rates from the ERISA 4044 yield curve for a given year & month, published by PBGC for valuation dates on or after July 31, 2024.
- Added ERISA section 4044/4050 mortality tables, published by PBGC for valuation dates on or after July 31, 2024.
- Allow the mortality table "pre-retirement/post-retirement shortcut" for ERISA 4044 tables. This is same feature that exists for any table that has a non-annuitant table (i.e. pre-retirement) & an associated annuitant table (i.e. post-retirement). Note that this shortcut works only for functions that have a commencement date: for example, it works for PVSL but it does not work for LIFEEXPECT.
For example, the following mortality table parameters produce the same result:
-- ERISA-4044-2024*-M
-- ERISA-4044-2024*-NON-M,ERISA-4044-2024*-ANN-M
This mortality table definition is: "Pre-retirement: 2024 ERISA Section 4044 Non-Annuitant Healthy Lives Mortality Table (male) (valuation date on or after July 31, 2024); Post-retirement: 2024 ERISA Section 4044 Annuitant Healthy Lives Mortality Table (male) (valuation date on or after July 31, 2024)". - Fixed an error that arose when attempting to download 30-year treasury rates from the IRS web page. The screen scrape ran into an error that was introduced recently in the web page's HTML code.
- Fixed an error that arose when using the following parameters:
-- calc method parameter = 0.
-- mortality table parameter was a combination of
a pre-retirement table and a post-retirement table
(e.g. "ERISA-4044-2024*-NON-F,ERISA-4044-2024*-ANN-F").
-- stop age parameter was non-blank and was not a whole number.
In this case, the post-retirement mortality table was used during the pre-retirement period.
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