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EAC Tools Version 2025.1.0

10/28/2024

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  • 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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