Attachment_5_-_Actuarial_Technical_Manual_(Master_Book).pdf
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Attachment 5 - Actuarial Technical Manual (Master Book)
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Text version
Contents
Revisions
I. Actuarial Case Report
II. Participant Data
III. Benefit Calculations
IV. Guaranteed Benefits
V. Allocation of Assets
VI. Valuation of Benefits
VII. Social Security Integrated Plans
VIII. Benefit Redetermination Procedures
IX. Actuarial Reviewers' Meeting Minutes
Index For Actuarial Resources
Help and Questions
Index
Below are links to all the recent revisions made to the Actuarial Technical Manual. To look up revisions, click on the year in which the revisions were made.
Revisions
FY 2016 Revisions
Location Date Title & Action
Chapter I 10/29/2015 Updated the benefit determination samples in I.C. to conform to a directive from the Office of the General Counsel and make sample statements more generic to avoid privacy protection questions when fulfilling Freedom of Information Act requests.
Chapter I 10/29/2015 Updated the numbering of I.B.3.d 1-7 to roman numerals I.B.3.d i-vii to standardize the layout across the manual.
Chapter I 10/29/2015 Updated I.B.3.b. ii and iii to condense and clarify the language.
Chapter I 10/29/2015 Updated I.B.3.d. ii and iii to condense and clarify the language.
FY 2015 Revisions
Home Page 09/29/2015 Added link to the CoP Actuarial Community to the Reference Materials section and a link for Starling Rivers to the Contact ASD section.
Chapter I 09/29/2015 Updated I.B.3.d with revised Summary of Deferred Beneficiary's Benefits sections.
Chapter II 09/29/2015 Updated II.C.1 to revise step #3 in the Calculations section.
Chapter IX 09/29/2015 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 14-11, 15-01, 15-03, 15-08.
Chapter IX 09/29/2015 Updated Actuarial Reviewers' Meeting Minutes June 2015 to revise the Note in item B.
Chapter IX 09/29/2015 Imported Actuarial Reviewers' Meeting Minutes August 2015, March 2015, January 2015, and November 2014.
Chapter IX 09/29/2015 Updated Actuarial Reviewers' Meeting Minutes July 2010 to add an Update Note to the bottom of the text in item E.
Chapter VII 07/30/2015 Updated VII.C.2. to correct inaccuracies of certain covered compensation amounts in Tables I and II and standardize layout.
Chapter IX 07/30/2015 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 15-06.
Chapter IX 07/30/2015 Imported Actuarial Reviewers' Meeting Minutes June 2015.
Chapter I 06/29/2015 Updated I.B.3.b. and I.B.3.e. with revised sample "Summary of Participant's Benefits" sections.
Chapter I 06/29/2015 Updated I.B.4.f.iii. and I.B.4.g.i. with new paragraphs on Modified Cash Refund Annuities and Majority Owner Rules.
Chapter I 06/29/2015 Updated I.C. to reflect new standard title of "Benefit Determination Statement" amongst all sample statements.
Chapter IX 06/29/2015 Imported Actuarial Reviewers' Meeting Minutes May 2015 and new version of the Actuarial Case Report Checklist.
Chapter IX 06/29/2015 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 15-05.
Chapter II 05/28/2015 Updated II.A., II.B., II.C., and II.D. to reflect the correct subsections and variables, use of "Plan Factors" and "creep service," and replace "Xeroxed" with "re-copied."
Chapter III 05/28/2015 Updated III.A.2. to remove duplicate MCR entry and replace "bt Ben" with "Basic-type Benefit."
Chapter IV 05/28/2015 Updated IV.B. to include missing date stamp of 07/21/1994, IV.G.2.
to reflect the correct chronological order, and IV.U. to include section 9 with examples of QDRO.
Chapter V 05/28/2015 Updated V.I. to add hyperlinks to DOPT and NRD
Corrected the sequencing of topics V.I. and V.J. along with subtopics V.J.1. and V.J.2.
Chapter VI 05/28/2015 Updated VI.I. to include missing date stamp of 07/21/1994 and VI.D.8. to replace "Please Note" with "Note" in adherence to standards.
Chapter III 03/30/2015 Added new subchapter III.L. §436 Limitations, including subsections III.L.1., III.L.2., III.L.3., III.L.4., and III.L.5.
Chapter IV 03/30/2015 Added new subchapter IV.U. Qualified Domestic Relations Orders, including subsections IV.U.1., IV.U.2., IV.U.3., IV.U.4., IV.U.5., IV.U.6., IV.U.7., and IV.U.8.
Chapter VI 02/26/2015 Updated VI.G.5. to add the Selection of Retirement Rate Category Table for 2015, with a new hyperlink to pbgc.gov in the introductory paragraph.
Chapter VII 02/26/2015 Updated VII.C.2. to add the Covered Compensation Tables for 2015.
Chapter I 12/23/2014 Updated VI.B.3. with new link to pbgc.gov.Updated Sample III.c with the replacement of "Requirement Beginning Date (RBD)" with "Actual Retirement Date (ARD)" and the deletion of the required beginning date paragraph in I.C.
Chapter II 12/23/2014 Updated II.C.3.a. with the inclusion of the 2013 factors.
Chapter II 12/23/2014 Updated II.C.4. with the inclusion of average earnings for 2013.
Chapter IV 12/23/2014 Updated IV.A.2. with the Monthly SLA Limit at Age 65 for DOPTs in 2015.
Chapter VII 12/23/2014 Updated VII.B. with the old-law and current law 2015 Wage Bases.
Chapter IX 12/23/2014 Imported Actuarial Reviewers' Meeting Minutes October 2014.
Chapter IX 12/23/2014 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 14-10.
Index for Actuarial Resources
12/23/2014 Updated the Index for the Actuarial Resources with revisions to 417(e).
Chapter I 11/21/2014 Corrected Samples IV-a and IX-a by removing an extra comma.
Chapter III 11/21/2014 Updated III.D. for changes under Policy 5.8-1, 3rd Edition.
Chapter I 10/30/2014 Corrected I.B.4.e. QPSA Beneficiary's RBD paragraph.
Chapter V 10/30/2014 Updated V.E. with new material in 3rd and 4th paragraphs.
Chapter VI 10/30/2014 Updated VI.B.2. with new link to pbgc.gov.
Chapter VI 10/30/2014 Updated VI.B.3. with new link to pbgc.gov.
Chapter IX 10/30/2014 Imported Actuarial Reviewers' Meeting Minutes August 2014.
Chapter IX 10/30/2014 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 14-08.
FY 2014 Revisions
Chapter IX 06/27/2014 Imported Actuarial Reviewers' Meeting Minutes May 2014.
Chapter IX 06/27/2014 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 14-05.
Chapter I 05/29/2014 Updated I.C. with new benefit statement Sample VIII-f.
Chapter I 05/29/2014 Updated I.C.8. with new benefit statement Sample VIII-f.
Chapter III 05/29/2014 Updated III.F.5.a. with new data.
Chapter III 05/29/2014 Updated III.G. with new material.
Chapter IV 05/29/2014 Updated IV.A.3.a. with new material.
Chapter V 05/29/2014 Updated V.B.8. with new title and material.
Chapter V 05/29/2014 Updated V.B.8.a. with new title and material.
Chapter V 05/29/2014 Updated V.B.8.b. with new title.
Chapter V 05/29/2014 Updated V.C.4. with new material.
Chapter IX 05/29/2014 Deleted INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 09-08.
Chapter IX 05/29/2014 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 14-03.
Chapter IX 05/29/2014 Imported Actuarial Reviewers' Meeting Minutes March 2014.
Chapter IX 03/27/2014 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 14-02.
Chapter IX 03/27/2014 Imported Actuarial Reviewers' Meeting Minutes February 2014.
Chapter III 02/27/2014 Updated III.D. with new material.
Chapter VI 02/27/2014 Updated VI.G.1.a. with new material.
Chapter VI 02/27/2014 Updated VI.G.5. with new data.
Chapter IX 02/27/2014 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 14-01.
Chapter IX 02/27/2014 Updated Actuarial Reviewers' Meeting Minutes May 2010.
Chapter IX 02/27/2014 Updated Actuarial Reviewers' Meeting Minutes October 2013.
Chapter IX 02/27/2014 Imported Actuarial Reviewers' Meeting Minutes January 2014.
Chapter VI 01/30/2014 Updated VI.G. with new material.
Chapter VI 01/30/2014 Updated VI.G.1. with new material.
Chapter VI 01/30/2014 Updated VI.G.1.a. with new material.
Chapter VI 01/30/2014 Updated VI.G.1.b. with new material.
Chapter VI 01/30/2014 Updated VI.G.1.c. with new material.
Chapter VI 01/30/2014 Updated VI.G.3. with new material.
Chapter VI 01/30/2014 Updated VI.G.4. with new material.
Chapter VI 01/30/2014 Updated VI.G.5. with new material.
Chapter VI 01/30/2014 Updated VI.G.6. with new material.
Chapter VII 01/30/2014 Updated VII.C.2. with new data.
Chapter I 12/19/2013 Updated I.B.4.g. with new material.
Chapter I 12/19/2013 Updated I.C. with revised document title Sample I-e.
Chapter I 12/19/2013 Updated I.C.1. with revised benefit statement Sample I-e.
Chapter IX 12/19/2013 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 13-11.
Chapter IX 12/19/2013 Updated Actuarial Reviewers' Meeting Minutes March 2002.
Chapter IX 12/19/2013 Updated Actuarial Reviewers' Meeting Minutes April 2002.
Chapter IX 12/19/2013 Updated Actuarial Reviewers' Meeting Minutes March 2006.
Chapter IX 12/19/2013 Imported Actuarial Reviewers' Meeting Minutes November 2013.
Chapter II 11/26/2013 Updated II.C.3.a. Table 1 with new data.
Chapter II 11/26/2013 Updated II.C.4. Table 2 with new data.
Chapter III 11/26/2013 Updated III.C. with new material.
Chapter IV 11/26/2013 Updated IV.A.2. with new data.
Chapter IV 11/26/2013 Updated IV.A.3.a with new data.
Chapter IV 11/26/2013 Updated IV.C. with new material.
Chapter IV 11/26/2013 Updated IV.M.2. with new material.
Chapter VII 11/26/2013 Updated VII.B. with new data.
Chapter IX 11/26/2013 Updated INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES 13-10.
Chapter IX 11/26/2013 Imported Actuarial Reviewers' Meeting Minutes October 2013.
FY 2013 Revisions
Chapter IX 09/26/2013 Imported Actuarial Reviewers' Meeting Minutes for August 2013.
Chapter IX 09/26/2013 Updated "INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES" for 13-08.
Chapter IV.M 09/26/2013 Imported section "M.2. Benefit Offsets from Plan Loans."
Chapter IV.M 09/26/2013 Modified section M. to read "M.1. Benefit Offsets from Other Plans."
Chapter IX 08/29/2013 Imported Actuarial Reviewers' Meeting Minutes for July 2013.
Chapter IX 08/29/2013 Updated "INDEX FOR THE ACTUARIAL REVIEWERS' MINUTES" for 13-07.
Chapter I.B.2. 07/30/2013 Imported section "p. Retirees with Joint and Survivor Pop-up Annuities." Shifted subsequent listings to read "q. r. s."
Chapter IX 07/30/2013 Imported Actuarial Reviewers’ Meeting Minutes for June 2013.
Chapter IX 07/30/2013 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 13-06.
Chapter III.C 06/27/2013 Added a sentence at the end in 5.
Chapter III.C 06/27/2013 Modified the text in 1st sentence in 3.
Chapter IX 06/27/2013 Imported Actuarial Reviewers’ Minutes for May 2013 in Chapter IX.
Chapter IX 06/27/2013 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 13-05.
Chapter I.B.4.g 05/30/2013 Added a 5th bullet in section ii - PPA 2006 Bankruptcy Plan Rules.
Chapter IX 05/30/2013 Imported Actuarial Reviewers’ Minutes for April 2013 in Chapter IX.
Chapter IX 05/30/2013 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 13-04.
Chapter I.B.3.a 04/29/2013 Modified the text in 1st paragraph by deleting the number 4 in the text "Guidance is provided for the following cases:"
Chapter I.B.3.b 04/29/2013 Modified the text in 1st sentence by deleting 'six' in the text.
Chapter I.B.3.c 04/29/2013 Modified the text in 1st paragraph by deleting the number 4 in the text "Guidance is provided for the following cases:"
Chapter I.B.3.d 04/29/2013 Modified the text in sections: iv, v, vi, vii.
Chapter I.B.3.d 04/29/2013 Modified the headings in sections: i, ii, iii, iv, v, vi, vii.
Chapter I.B.3.f 04/29/2013 Modified the text in 1st paragraph by deleting the number 4 in the text "Guidance is provided for the following cases:"
Chapter I.B.4.j 04/29/2013 Modified the sections iii and iv.
Chapter I.B.4.j 04/29/2013 Modified the heading.
Chapter III.F.5 04/29/2013 Modified the date stamp.
Chapter III.F.5 04/29/2013 Modified the text in 2nd sentence.
Chapter IV.A.3.a 04/29/2013 Modified the text in footnote 2.
Chapter IX 04/29/2013 Imported Actuarial Reviewers’ Minutes for March 2013 in Chapter
IX.
Chapter IX 04/29/2013 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 13-03.
Chapter IV.E 03/28/2013 Added note and updated stamp date.
Chapter VII.C.2 03/28/2013 Added the 2013 Covered Compensation Table.
Chapter IV.Q 03/28/2013 Modified the text.
Chapter IV.P.2 03/28/2013 Updated the table and stamp date.
Chapter IX 03/28/2013 Imported Actuarial Reviewers’ Minutes for February 2013 in Chapter IX.
Chapter IX 03/28/2013 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 13-02.
Chapter III.D 03/28/2013 Replaced all old text on the page with new text.
Chapter IV, Section
IV.D
02/28/2013 Added a Historial Note for Substantial Owner Guaranteed Benefit Calculations.
Chapter IV, Section
IV.D.1
02/28/2013 Modified the text in various examples included in this section.
Chapter IV, Section
IV.D.2
02/28/2013 Modified the text.
Chapter IV, Section
IV.F
02/28/2013 Modified the text.
Chapter IV, Section
IV.F.1
02/28/2013 Modified the text by adding a link to ATM IV.F.5 for applying appropriate level life factor.
Chapter IV, Section
IV.F.4
02/28/2013 Modified the text by adding a link to ATM IV.G for non-level surviving spouse benefits.
Chapter IX 02/28/2013 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 13-01.
Chapter IX 02/28/2013 Imported Actuarial Reviewers’ Minutes for January 2013 in Chapter
IX.
Home page 01/31/2013 Added a new link for Manual Benefit Statement Approval Memo in Checklists, Memos & Forms section.
Home page 01/31/2013 Removed Joan Weiss from Contact ASD list and moved Scott Young to the top of the list.
Chapter I, Section I.B.3.d
01/31/2013 Added case #7.
Chapter V, Section V.E
01/31/2013 Revised the section V.E. PC5 – Nonforfeitable Benefits.
Chapter IV, section IV.A.4.a.ii
01/31/2013 Added a note to the section.
Chapter IX 01/31/2013 Added Update Note in item F of the August 2009 Actuarial Reviewers’ Meeting Minutes.
Chapter IX 01/31/2013 Corrected item D of the May 2005 Actuarial Reviewers' Meeting Minutes and added Update Note.
Home page 12/28/2012 Added a new link for Estimated Benefit Adjustments Worksheet in Checklists, Memos & Forms section.
Chapter I, Section I.C.3
12/28/2012 Modified three new Sample Benefit Statements in Set III Required Beginning Date.
Chapter IX 12/28/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-11.
Chapter IX 12/28/2012 Imported Actuarial Reviewers’ Minutes for November 2012 in Chapter IX.
Chapter I, Section I.C
11/30/2012 Added three new Sample Benefit Statements for Disability.
Chapter II, Section II.C.3.a
11/30/2012 Updated the Table for 2012 by adding a new top row and adding “2011” above “2010” in the left corner. Also added the 2011 factors in the column next to the 2010 factors.
Chapter II, Section
II.C.4
11/30/2012 Created a new 10-year table for years 2011-2020 Average Annual Earnings. Populated the table for 2011.
Chapter IV, Section
IV.A.2
11/30/2012 Added a row in the table for the year 2013 and updated the table with 2013 values.
Chapter VII, Section VII.B
11/30/2012 Added a row for DOTE 2013 and Wage Base 84,300 in the table under 1973 Act and a row for DOTE 2013 and Wage Base 113,700 in the table under 1977 Act.
Chapter IV, Section
IV.E
11/30/2012 Added a note about calculating the participant’s guaranteed benefit if the plan’s QPSA is derived from an annuity form other than the plan’s automatic married form.
Chapter VI, Section
VI.G.5
11/30/2012 Added a new table for Selection of Retirement Rate Category for 2013.
Chapter IX 11/30/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-10.
Chapter IX 11/30/2012 Imported Actuarial Reviewers’ Minutes for October 2012 in Chapter
IX.
Chapter IV, Section IV.A.4.c
10/31/2012 Replaced the previous text with the new text to update for the J&S Pop-up.
Chapter IV, Section IV.B.2
10/31/2012 Modified the text by changing the link from "§436 Benefit Limitations Interim Guidance" to "TP14 Overview for §436 Benefit Limitations".
Chapter VI, Section VI.G.1
10/31/2012 Corrected the PBGC regulation number.
Chapter IX 10/31/2012 Added Update Notes to explain changes in IRC §436 procedure, EPAM, successor plan determinations, USERRA, and Actuarial Technical Manual – Interim.
FY 2012 Revisions
Chapter IX 09/28/2012 Modified text in item J, October 2005 Minutes
Chapter IX 09/28/2012 Imported the August 2012 Actuarial Reviewers’ Meeting Minutes into the ATM
Chapter IX 09/28/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-08
Chapter I, Section I.B.4.K.O
08/30/2012 Added new text to the section
Chapter I, Section I.C
08/30/2012 Added new text sample benefit statement
Home page 08/30/2012 Added new link in Quick Links section
Chapter IX 08/30/2012 Imported the July 2012 Actuarial Reviewers’ Meeting Minutes into the ATM
Chapter IX 08/30/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-07
Chapter IV, Section IV.A.4.c
07/31/2012 Added new text to the section
Chapter IV, Section IV.B.2.b
07/31/2012 Added new note to the section
Chapter IX 07/31/2012 Imported Actuarial Reviewers’ Minutes for June 2012 in Chapter IX
Chapter IX 07/31/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-06
Home page 06/29/2012 Modified the layout
Chapter I, Section I.B.4.e.i
06/29/2012 Modified the text
Chapter IV, Section
IV.T
06/29/2012 Modified the text
Chapter IV, Section
IV.S
06/29/2012 Modified the text
Chapter IV, Section
IV.N
06/29/2012 Modified the text
Chapter V, Section V.B.11.b
06/29/2012 Modified the text
Chapter IX 06/29/2012 Imported Actuarial Reviewers’ Minutes for May 2012 in Chapter IX
Chapter IX 06/29/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-05
Chapter IV, Section
IV.A
05/31/2012 Modified the text for sub-sections 1 and 2
Chapter IV, Section IV.A.3.a
05/31/2012 Modified the text
Chapter IV, Section IV.A.4.a.ii
05/31/2012 Modified the text
Chapter IV, Section
IV.C
05/31/2012 Modified the text for sub-sections 1 and 2
Chapter IV, Section
IV.C.3
05/31/2012 Modified the text for sub-sections a,b,c,d,e
Chapter IV, Section
IV.E
05/31/2012 Modified the text
Chapter IV, Section
IV.F
05/31/2012 Modified the text for sub-sections 1, 2 and 3
Chapter IV, Section
IV.R
05/31/2012 Added the examples 33 and 34
Chapter IV, Section
IV.T
05/31/2012 Added the new section
Chapter IX 05/31/2012 Added an update note
Chapter IX 05/31/2012 Imported the April 2012 Actuarial Reviewers’ Meeting Minutes into the ATM
Chapter IX 05/31/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-04
Chapter III, Section
III.C
04/30/2012 Added new text to the section
Chapter IV, Section
IV.C
04/30/2012 Added new text to the section
Chapter IX 04/30/2012 Imported the March 2012 Actuarial Reviewers’ Meeting Minutes into the ATM
Chapter IX 04/30/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-03
Chapter I, Section I.C
03/29/2012 Added new sample benefit statements
Home Page 03/29/2012 Deleted the Quick Link “Pre-Trusteeship Letter Analysis Memo”
Chapter III, Section
III.D
03/29/2012 Added new text to the section
Chapter IV, Section
IV.B.2
03/29/2012 Added new text to the section
Chapter IV, Section
IV.B.3
03/29/2012 Added new text to the section
Chapter IX 03/29/2012 Imported the February 2012 Actuarial Reviewers’ Meeting Minutes into the ATM
Chapter IX 03/29/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-02
Chapter IV, Introduction
02/29/2012 Added new text to the section
Chapter IV, Section
IV.A.
02/29/2012 Added new text to the section
Chapter IV, Section
IV.B.2.
02/29/2012 Added new text to the section
Chapter IV, Section
IV.B.3.
02/29/2012 Added new text to the section
Chapter VII, Section VII.C.2.
02/29/2012 Updated the Covered Compensation Table 2012 updates
Chapter IX 02/29/2012 Imported the January 2012 Actuarial Reviewers’ Meeting Minutes into the ATM
Chapter IX 02/29/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 12-01
INDEX FOR
ACTUARIAL
RESOURCES
02/29/2012 Added internal and external hyperlinks
Chapter I, Section I.C
01/31/2012 Added new sample benefit statements
INDEX FOR
ACTUARIAL
RESOURCES
01/31/2012 Added new section "INDEX FOR ACTUARIAL RESOURCES"
Chapter IX 01/31/2012 Updated "INDEX FOR THE ACTUARIAL REVIEWERS’ MINUTES" for 11-12
Chapter IX 01/31/2012 Imported the December 2011 Actuarial Reviewers’ Meeting Minutes into the ATM
Home Page 01/31/2012 Added link for "INDEX FOR ACTUARIAL RESOURCES"
Chapter I, Section I.B.1.a
12/28/2011 Added a note at the end of the section
Chapter I, Section I.B.3.b.v.
12/28/2011 Added new text to the section
Chapter I, Section I.B.4.e.i
12/28/2011 Modified the text
Chapter I, Section I.B.4.f.i and ii
12/28/2011 Added new text to the section
Chapter I, Section I.C and I.C.1.
12/28/2011 Added six new sample statements
Chapter I, Section I.B.1
12/28/2011 Updated the title of the section
Chapter VI, Section
VI.G.5
12/28/2011 Added Selection of Retirement Rate Category table for 2012
Chapter VI, Section
VI.D.8
12/28/2011 Added new section to introduce benefit valuation formula for “Non-traditional” J&p%S with n years C&C
Chapter IV, Section IV.A.4.e
12/28/2011 Added new section titled ""Non-traditional” J&p%S with n years Certain and Continuous"
Chapter II, Section II.C.3.a
12/28/2011 Updated the Salary estimation table for year of plan termination
Chapter II, Section II.C.4. Table 2
12/28/2011 Updated the table for Average Annual Earnings for the year 2010
Chapter IV, Section
IV.A.2
12/28/2011 Added a new row for the year 2012 in the table Monthly SLA Limit at Age 65
Chapter VII, Section VII.B
12/28/2011 Updated the tables for 1973 and 1977 Acts for Wage bases for
DOTE 2012
Home Page 12/28/2011 Added new links under Quick Links section
Home Page 12/28/2011 Deleted links under Reference Materials section
Chapter I
Section I.B.1
11/29/2011 Created two new sections I.B.1.a and I.B.1.b
Chapter I
Section I.B.4.e
11/29/2011 Added new text to the section
Chapter I
Section I.C.1
11/29/2011 Modified the title of sample I-g
Chapter I
Section I.C.1
11/29/2011 Added new sample benefit statement
Chapter III
Section III.K
11/29/2011 Changed the reference minutes and added links
Chapter III
Section III.G
11/29/2011 Added EPRD text to III.G QPSA
Chapter VII
Section VII.C.2
11/29/2011 Corrected 2011 comp table heading
Chapter IX 11/29/2011 Imported the October 2011 Actuarial Reviewers’ Meeting Minutes into the ATM
Chapter IX 11/29/2011 Added new section "INDEX FOR THE ACTUARIAL REVIEWERS’
MINUTES"
Chapter I, Section I.C.1, I.C.2, I.C.3
10/31/2011 Replaced sample statements for I.C.1 through I.C.3 with the modified files.
Chapter VI, Section A.2
10/31/2011 Added new text to section.
Chapter I, Section B.4.i
10/31/2011 Replaced the previous text with new text.
Chapter IX 10/31/2011 Imported the 1997 – 2002 Actuarial Reviewers’ Meeting Minutes into the ATM
FY 2011 Revisions
Chapter I, Section B.3.a
09/29/2011 Underlined text, removed dashes and inserted line space.
Chapter I, Section B.3.b
09/29/2011 Underlined text, removed dashes and inserted line space.
Chapter I, Section B.3.c
09/29/2011 Underlined text, removed dashes and inserted line space.
Chapter I, Section B.3.d
09/29/2011 Underlined text, removed dashes and inserted line space.
Chapter I, Section B.3.e
09/29/2011 Underlined text, removed dashes and inserted line space.
Chapter I, Section B.3.f
09/29/2011 Underlined text, removed dashes and inserted line space.
Chapter I, Section B.4.a.i, ii, iii, v
09/29/2011 Removed the sample case line, case name and case number.
Chapter I, Section B.3.b.ii, iii, iv, v
09/29/2011 Removed the sample case line, case name and case number.
Chapter I, Section B.4.d.i, v
09/29/2011 Removed the sample case line, case name and case number.
Chapter I, Section B.4.f.ii, iii
09/29/2011 Removed the sample case line, case name and case number.
Chapter I, Section B.2.c
09/29/2011 Capitalize the plan names.
Chapter I, Section B.3.b.iv, v
09/29/2011 Added new text to section.
Chapter I, Section B.4.j.v
09/29/2011 Added new text to section.
Chapter I, Section B.4.l.iv
09/29/2011 Added new text to section.
Chapter I, Section B.4
09/29/2011 Deleted the Note at the end of section.
Chapter I, Section B.1
09/29/2011 Updated text with minor changes.
Chapter I, Section B.3.b
09/29/2011 Updated text with minor changes.
Chapter I, Section B.3.d
09/29/2011 Updated text with minor changes.
Chapter I, Section B.3.f
09/29/2011 Updated text with minor changes.
Chapter I, Section B.4
09/29/2011 Updated text with minor changes.
Chapter I, Section B.4.j
09/29/2011 Updated text with minor changes.
Chapter VI, Section F
09/29/2011 Replaced all of the previous text with new text. Changed the section title.
Chapter IX 09/29/2011 Migrated the July 2011 and August 2011 - Actuarial Reviewers’ Meeting Minutes into the ATM.
Chapter I, Section B.2.l
08/30/2011 Updated text with minor grammatical changes.
Chapter I, Section B.4.a.ii
08/30/2011 Updated text with minor grammatical changes.
Chapter I, Section B.4.a - ii.A
08/30/2011 Updated text with minor grammatical change.
Chapter I, Section B.4.a.iv
08/30/2011 Updated text with minor grammatical changes.
Chapter I, Section B.4.b.i
08/30/2011 Updated text with minor grammatical changes.
Chapter I, Section B.4.d.v
08/30/2011 Updated text with minor grammatical changes.
Chapter I, Section B.4.i
08/30/2011 Updated text with minor grammatical changes.
Chapter I, Section C
08/30/2011 Updated text with minor grammatical changes.
Chapter IV, Section A.3.b
08/30/2011 Updated text with minor grammatical changes.
Chapter IV, Section A.4.d
08/30/2011 Added new section to include example of calculating MGB form conversion factor for J&p%S with n-years C&C.
Chapter VI, Section G.4.a
08/30/2011 Updated text with minor grammatical changes.
Chapter IX 08/30/2011 Added June 2011 Actuarial Reviewers' Meeting Minutes.
Chapter IX 08/30/2011 Imported the 2003 – 2008 Actuarial Reviewers’ Meeting Minutes into the ATM.
Chapter IX 08/30/2011 Updated the ARM Minutes 2009 through 2011 with links to ARM Minutes 2003 through 2008.
Chapter I, Section B.2.r
06/29/2011 Added new text to section.
Chapter III, Sections J.17
06/29/2011 Added new sections (law titles and descriptions) to III.J.
through J.28
Chapter III, Section J
06/29/2011 Updated text to the section.
Chapter IV, Section L
06/29/2011 Added new text to the section.
Chapter VI, Section E
06/29/2011 Rewrote entire text for the section.
Chapter VI, Section E.1
06/29/2011 Rewrote first paragraph. Changed section title.
Chapter VI, Section E.2
06/29/2011 Rewrote first paragraph. Changed section title.
Chapter IX 06/29/2011 Imported the 2009 – 2011 Actuarial Reviewers’ Meeting Minutes into the ATM.
Chapter I, Section B.3.b
05/31/2011 Added a reference sentence with a link to another section.
Chapter I, Section B.4.d.v
05/31/2011 Added a note to end of first bullet.
Chapter III, Section K
05/31/2011 Added new sentence after second paragraph.
Chapter IV, Section E
05/31/2011 Replaced all of the previous text with new text. Changed the section title.
Chapter IV, Section E.1
05/31/2011 Changed some table text and the section title.
Chapter IV, Section E.2
05/31/2011 Changed some table text and the section title.
Chapter IV, Section R
05/31/2011 Changed text for questions 26 through 32.
Chapter IV, Section R.26
05/31/2011 Changed text for sample equation and the table. Replaced the text for the note.
Chapter IV, Section R.27
05/31/2011 Replaced the text for the answer. Edited the question.
Chapter IV, Section R.28
05/31/2011 Changed text for sample equation and the table. Replaced the text for the note.
Chapter IV, Section R.29
05/31/2011 Changed text for sample equation and the table. Deleted last paragraph.
Chapter IV, Section R.30
05/31/2011 Added text to the question.
Chapter IV, Section R.31
05/31/2011 Changed text for question and added text to the answer.
Chapter IV, Section R.32
05/31/2011 Changed text for sample equation and the table. Replaced the text for the note.
Chapter VI, Section D.6
05/31/2011 Changed text and section title.
Chapter I, Section B.3.d
04/29/2011 Added a new section v. to include Case #6 regarding deferred beneficiaries not eligible for a lump sum payment.
Chapter I, Section B.4
04/29/2011 Added a new section l. to include information regarding purchased annuities and other offsets.
Chapter I, Section B.4.d
04/29/2011 Updated the text in section v.
Chapter IV, Section R
04/29/2011 Updated text, equations and language throughout section R.1 through R.25.
Chapter VI, Section A.2
04/29/2011 Revised the text and tables througout section A.2 to reflect updated material and information.
Chapter V, Section K.2
04/29/2011 Added a link to the PBGC Operating Policy Manual, 6.7-1 4022 (c) Amounts.
Chapter VI Title Page
04/29/2011 Added a descriptive sentence to indicate the contents of the Chapter.
Chapter VI, Section A
04/29/2011 Revised the introductory paragraph.
Chapter VI, Section A.1
04/29/2011 Updated the section title; added an introductory paragraph.
Chapter VI, Section B.1
04/29/2011 Updated the title of the table.
Chapter VI, Section B.2
04/29/2011 Updated the title of the table.
Chapter VI, Section B.3
04/29/2011 Updated the title of the table.
Chapter VI, Section C.1
04/29/2011 Updated the section title.
Chapter VI, Section D.1
04/29/2011 Updated the Method I formula.
Reference Materials
03/30/2011 Added a link to the ACT Manual.
Chapter I, Section A.
03/30/2011 Modified the text of this page and links (now directed to the most current version on the Portal, rather than opening the document in a new window).
Chapter II Title Page
03/30/2011 Updated title to "Participant Data"; added an introductory paragraph.
Chapter II, Section A.
03/30/2011 Updated the text of line 3.d., the note under 4.a., and the text of line 4.c.
Chapter II, Section B.
03/30/2011 Updated the first sentence in section 3.
Chapter II, Section C.1.
03/30/2011 Updated the text throughout this page, including the formulas.
Chapter II, Section D.
03/30/2011 Updated the title to "Alternatives for Obtaining Plan Provisions and Dates - Historical Information"; updated the text of the first sentence.
Chapter III, Section A.
03/30/2011 Updated the title to "Worksheet & Abbreviations - Historical Information"; updated the text of the sentence.
Chapter III, Section B.
03/30/2011 Updated the text throughout section 3.; added section "4.
Interruptions to Accruals"
Chapter III, Section C.
03/30/2011 Updated the text of sections 3. and 4.
Chapter III, Section D.
03/30/2011 Updated the text substantially throughout this page.
Chapter III, Section E. and subsections E.1., 2., 3., and 6.
03/30/2011 Updated the text substantially throughout these pages; updated formulas in III.E.3.; deleted "Another example:" in III.E.3.; updated the title of III.E.6. to "6% Per Year Early Retirement Factors (Table)."
Chapter III, Section F.
03/30/2011 Updated the title to "PBGC Form Conversion Factor Tables and Late Retirement (including PBGC Late Retirement Factors)"; updated the text of the sentence.
Chapter III, Section G.
03/30/2011 Updated the text substantially throughout this page, including the formulas.
Chapter III, Section H.
03/30/2011 Updated the text in sections 1. and 2.; removed sections 3. and 4.
Chapter III, Section I.
03/30/2011 Updated the text in sections 1. and 5.
Chapter III, Section J.5.
03/30/2011 Updated the text of the note in section d.
Chapter III, Section J.6.
03/30/2011 Updated the text in section c.
Chapter IV, Section A.4.c.
03/30/2011 Updated the text in section a.; raised ".2z" to an exponent in section b.
Chapter VI, Section G.4.
03/30/2011 Updated the text of the first paragraph in section h.4.; deleted the second paragraph in section h.4.
Chapter VII, Section C.1.
03/30/2011 Updated the title to "Social Security Excess Plans: Covered Compensation for DOPTs to 1983"; deleted the last sentence of the first paragraph and the second paragraph.
Chapter VII, Section C.2.
03/30/2011 Updated the title to "Covered Compensation and Transitional Covered Compensation Tables After 1983;" added an introductory paragraph and a note regarding the "Unrounded table" prior to the tables themselves.
Chapter I, Section A.
02/18/2011 Replaced the "Shell of Actuarial Case Memo" and "Sample Language for the Actuarial Case Memo" documents with updated versions.
B.3.f.
02/18/2011 Updated the paragraph under "Summary of Participant's Benefits" in subsections i. through iv.
Chapter I, Section B.4.
02/18/2011 Updated the text on this page to account for the inclusion of page I.B.4.k. and a modification to page I.B.4.h.'s title, both of which occurred in the January 2011 publication.
Chapter III, Section J.
02/18/2011 Updated the Policy Manual link in the first paragraph so that it opens the correct policy (6.5-2).
Chapter VII, Section C.2.
02/18/2011 Included the 2011 Covered Compensation Table.
Quick Links 01/14/2011 Added a link to I.B. Benefit Statement Guidance.
Chapter I, Section B.1.
01/14/2011 Updated the language found throughout this page, with the main focus on adjustments to the third through fifth paragraphs and to subordinate lines beneath line items a. through d.
Chapter I, Section B.4.h.
01/14/2011 Moved the contents of I.B.4.h.i. onto this page; deleted the introductory sentence previously found here; replaced the page title with that of I.B.4.h.i.
Chapter I, Section B.4.k.
01/14/2011 Moved the contents of I.B.4.h.ii. onto this page; added eight new PPA 2006 Cash Balance Plans subsections to this page; converted all subsections into expandable links.
Chapter I, Section C.2.
01/14/2011 Replaced sample benefit statement e. ("Accrued at Normal").
Chapter I, Section C.3.
01/14/2011 Added sample benefit statement i. ("BPD Deferred Vested Immediate Type").
Chapter II, Section C.3.a.
01/14/2011 Included the 2009 Year of Plan Termination data, in the 2006-2015 table.
Chapter II, Section C.4.
01/14/2011 Provided the 2009 Average Annual Earnings amount, in the 2001-2010 table.
Chapter IV, Section A.2.
01/14/2011 Provided the 2011 Monthly SLA Limit at Age 65 data at the bottom of this table.
Chapter IV, Section G.3.c.
01/14/2011 Appended "The" to the front of this page's title.
Chapter V, Section C.5.
01/14/2011 Updated the first sentence of the note in expandable subsection b., item 2; included a link to V.C.4. in this updated text.
Chapter VI, Section G.4.
01/14/2011 Added a link to Policy 5.2-2, 3rd Edition in subsection h., second paragraph of item 1.
Chapter VI, Section G.5.
01/14/2011 Included the 2011 Selection of Retirement Rate Category table.
Chapter VII, Section B.
01/14/2011 Included the DOTE 2011 Wage Base data in the 1973 Act and 1977 Act tables.
Chapter VII, Section D.2.
01/14/2011 Reduced the second table to two columns and updated the text in the bottom row.
Chapter I, Section 11/29/2010 Added some additional information and sample language after the
B.2. Monthly Benefit Payable line.
B.3.a.
11/29/2010 Renamed Case 3(a) to Case 3 and Case 3(b) to Case 4, respectively;
relocated third paragraph of Case 1 and second paragraph of Case 2 to the top of this page, since this information is applicable to all cases in this section.
Chapter I, Section B.3.c.
11/29/2010 Renamed Case 3(a) to Case 3 and Case 3(b) to Case 4, respectively;
updated Case 4's title; added a "Summary of Benefits" section for Case 4.
Chapter I, Section B.3.d.
11/29/2010 Created Case 5 by relocating some data from Case 4; updated Case 4's title and added a "Summary of Benefits" section for it.
Chapter I, Section B.3.e.
11/29/2010 Updated "surviving spouse" to "beneficiary" in the opening sentence.
Chapter I, Section B.3.f.
11/29/2010 Added this new page, which addresses participants receiving an auxiliary disability benefit that converts to a regular plan retirement benefit at NRD.
Chapter I, Section C.1.
11/29/2010 Replaced and relinked "Deferred Vested Participant" and "Deferred Beneficiary" sample benefit statements.
Chapter I, Section C.4.
11/29/2010 Added a link to "Deferred Vested with Offset" sample benefit statement.
Chapter II, Section C.3.a.
11/29/2010 Placed a centered dash in all previously blank cells in all of this page's tables.
Chapter III, Section J.1.
11/29/2010 Placed a centered dash in the first two blank cells of Example 1 and Example 2 tables; placed and centered the word "Total" in the third blank cell (Service column) of Example 1 and Example 2 tables;
corrected data in the "10-Year Cliff," "5-15 Graded," and "Rule of 45" columns of Example 2 table.
Chapter III, Section J.16.
11/29/2010 Placed a centered dash in cells previously left blank in the eighth through twelfth tables.
Chapter IV, Section C.1.
11/29/2010 Placed a centered " / /" in each blank cell in column (1); placed a left-justified dollar sign in each blank cell in columns (2) through (8);
placed "***" in the top-left cell; named the previously blank column between (6) and (7), "Phase-In Limit."
Chapter IV, Section C.3.c.
11/29/2010 Placed a centered dash in all previously blank cells in the two tables.
Chapter IV, Section C.3.d.-e.
11/29/2010 Named the previously blank column between (6) and (7), "Phase-In Limit"; placed "***" in the top-left cell of both tables; aligned all dollar amounts to the left in columns (2) through (8).
Chapter IV, Section E.2.
11/29/2010 Placed a centered "$645*2" ("2" is superscript) in the blank cell right below the "$750 Ins. Limit column and removed the "*2" from the cell below it; placed a centered "***" in the bottom-left cell.
Chapter IV, Section G.
11/29/2010 Updated the paragraph found in this topic, including the additions of links to new sections G.3. and G.4.
Chapter IV, Section G.3.-4.
11/29/2010 Added new pages G.3., G.3.a.-c., G.4., and G.4.a.-b., which describe the Weighted Average Method in detail and include examples.
Chapter VII, Section E.2.-7.
11/29/2010 Placed a centered dash in cells previously left blank; removed date stamps in tables 2-5 of VII.E.5.
Chapter I, Section A.
10/01/2010 Deleted the references to the Portal and instead added links to documents used for the Actuarial Case Report.
Chapter I, Section B.1.
10/01/2010 Added "Alternate Payee's information, if applicable (name only)" as the third bullet under subsection I.B.1.a., between "Beneficiary's Information, if applicable" and "Summary of Participant's Benefits."
Chapter I, Section B.2.
10/01/2010 Updated the final paragraph of subsection I.B.2.q. to the following:
"Please note that participants who will not receive a plan's lump sum death benefit are considered affected by PBGC limitations. If a participant will not receive his full plan benefit for any reason, do not include the above line (e.g., nonvested or partially vested participants)."
Chapter I, Sections B.3.b. and B.3.d.
10/01/2010 Replaced "Your" with "Each" at the beginning of the third sentence for Cases 2 and 3 on both pages; added "PBGC" before "Earliest Benefit Starting Date (EBSD)" in the sample summary lines for Cases 2 and 3 on both pages.
Chapter I, Section B.4.
10/01/2010 Updated "nine" to "ten" in the first sentence of the second paragraph; added a description after the title of line item a.
Chapter I, Section B.4.a.
10/01/2010 Added a note for the language found in subsection I.B.4.a.iv.
Chapter I, Section B.4.e.
10/01/2010 Updated "you will" to "you are entitled to" in the language paragraphs for "Separated Vested Non-5% Owners" and "Active Vested Non-5% Owners."
Chapter I, Section B.4.g.
10/01/2010 Moved the standard paragraph in Chapter I., Section B.4.i.ii. into I.B.4.g., subsection ii.; updated the text of the third sentence under the first and third bullets of subsection ii.
Chapter I, Section B.4.h.
10/01/2010 Splintered Sections I.B.4.h.i. and I.B.4.h.ii. off into separate pages;
moved "Where To Use" line and the paragraph following it ("This guidance addresses four types of Cash Balance plans...") into I.B.4.h.i.; added "Subsections B.4.h.i. (Pre-PPA 2006 Cash Balance Plans) and B.4.h.ii. (PPA 2006 Cash Balance Plans) include Standard Language for Cash Balance Plans" as the lone sentence in I.B.4.h.;
added the standard language for I.B.4.h.ii.; used uppercase alpha characters in place of bullets in I.B.4.h.i. and subsection numbers in I.B.4.h.ii., to identify the Cash Balance plans in these sections.
Chapter I, Section C.
10/01/2010 Modified the listings of all Sample Benefit Statements throughout Section I.C. so that they are identified by the Set number (Roman numeral I, II, III, or IV) followed by an alpha character (example:
third statement in Set II is listed as "II-c"); added "the April 2009" between "From" and "BSRS" in Set II's title (reflected in Sections I.C.
and I.C.2.); added Set III (PPA 2006 Cash Balance) as Section I.C.3.;
moved the Sample Benefit Statements from Cases into Section 1.C.4. and changed the title to "Sample Benefit Statements – Set IV (From Cases)."
Chapter III, Section 10/01/2010 Updated the text of this page, including a clarification that the MGB
F.5. is adjusted for ages older than 65.
Chapter IV, Section A.3.a.
10/01/2010 Adjusted columns and rows in the table, so that data lines up better; added an "s" to "Year" in the column B heading; deleted the first row under column C (now starts with "50% / 0.9000); removed "+" from "65+" in the "Age" column; added a dash between "basis" and "extremely" in the column E heading; updated the notes section below the table.
Chapter IV, Section A.3.b.
10/01/2010 Split the table into two tables; updated the table headings (top table now consists of five columns and the bottom table consists of four); updated the formula for column D in the top table to "(1 –
0.002 × A)" and added "C × D" beneath "PBGC J&S FCF," now column E in the top table; updated the text and formula in column D of the bottom table to "PBGC J&S FCF [(50 – A) × 0.02] + [A × (0.018 × C)]"; removed multiplication and equals signs from rows in the top table; updated all "66.6" values in the top table to "66 2/3";
removed column of duplicate values in the bottom table; updated the first note (references column B in both tables); added a second note, referring to the new column E (top table) and column D (bottom table).
FY 2010 Revisions
Chapter I 08/23/2010 Added Sections B. and C. - Section B. provides benefit statement guidance, while Section C. includes sample benefit statements.
Chapter III, Section F.5.b.
06/25/2010 Moved "Calculations" section from Example 7 to Example 6; italicized "Not" in subsection 2. title; added "(LRF)" to the formula found in Example 4.
Chapter IV, Section A.2.
06/25/2010 Removed bold from "example" in the second paragraph below the table; adjusted text of the second sentence of the third paragraph below the table (added "Section" before the "1" and included link to IV.A.1.; deleted "above"); removed the last sentence of this page.
Chapter IV, Section A.4.a.
and subsections
06/25/2010 Renamed IV.A.4.a. "Annuity Certain (Not Continuous Thereafter)"; split IV.A.4.a. into subtopics IV.A.4.a.i. ("For Plans with DOPTs Before 11/01/1993") and IV.A.4.a.ii. ("For Plans On or After 11/01/1993");
edited text (including notes) and formulas of IV.A.4.a.i. and IV.A.4.a.ii.
and added Glossary term links for "MGB"; bolded the first instance of "X" in IV.A.4.a.i. and IV.A.4.a.ii.; removed the sentence "Age X-1 (male) is the unisex age for a population 80% male and 20% female" (above "Example" line); replaced "Benefit Commencement Date" with "Annuity Starting Date" in both IV.A.4.a.i. and IV.A.4.a.ii. and added links to the glossary term.
Chapter IV, Section A.4.b.
06/25/2010 Updated text and formulas of IV.A.4.b. (substantial text revisions) and added Glossary term link for "MGB"; converted the first two formulas into a table, for better presentation of the data;
Chapter IV, Section R.
06/25/2010 Updated the date stamps for Question 18 and Question 20 to 05/27/2009.
Chapter VI, Section G.6.b.
and G.6.c.
06/25/2010 Updated the date stamps for these pages to 05/27/2009.
Chapter II, Section C.3.a.
06/11/2010 Updated table to make its data current; adjusted year ranges of collapsible tables to 10-year intervals (1976-1985, 1986-1995, 1996-2005, and 2006-2015); corrected the Salary Year 2007 value for the 2008 Year of Plan Termination column.
Chapter II, Section C.4.
06/11/2010 Corrected title by adding "Average" and "for Use in Indexing Earnings Records" and changing "Sets" to "Set"; updated the Set of Average Annual Earnings table so that its data is current; removed date stamps from within the individual table segments; moved the note out of the bottom of each table segment and placed it at the bottom of this topic;
deleted the note below the table.
Chapter III, Section F.5.a.
06/11/2010 Corrected data errors in rows 81 and 84.
Chapter III, Section F.5.b.
06/11/2010 Removed "Special Cases" from the title; corrected "Actual Age Retirement" to ""Age at DOPT" in the second column heading (from left) in the Pre-DOPT Retiree (Both Valuation and Payment) table;
corrected "Actual Age Retirement" to "Expected Retirement Age" in the second column heading (from left) in the Post-DOPT Retiree (Valuation) table; corrected DOPT column date from "4/1/3/2001" to "4/13/2001" in the third table.
Chapter IV, Section A.2.
06/11/2010 Updated table to make its data current; added spaces in the fourth column heading's formula; corrected the 2002 Social Security Wage Base value from "80,400" to "84,900"; applied a bold dark blue font to all data for every year ending in a "5" or a "0."
Chapter V, Section B.11.b.
06/11/2010 Updated table to make its data current; updated "2002" to "2009" in the title, since data up to 2009 is now included on this page; modified the note at the bottom and adjusted the link so that users are directed to the ASD Community Work Room page on the Portal.
Chapter VI, Section B.2.
06/11/2010 Updated table to make its data current; replaced "Annuities" with "Lump Sums" and added "and Multi-Employer" between "Employer" and "Plans" in the table headings; added missing data for the "8/1/03 to 9/1/03" Valuation Date range; renumbered all rows after 117, following addition of "8/1/03 to 9/1/03" data; modified the note at the bottom and adjusted the link so that users are directed to the ASD Community Work Room page on the Portal.
Chapter VI, Section B.3.
06/11/2010 Updated table to make its data current; added factors for May 2001 through December 2001, which had been mistakenly omitted previously; modified the note at the bottom and adjusted the link so that users are directed to the ASD Community Work Room page on the Portal.
Chapter VI, Section G.5.
06/11/2010 Updated table to make its data current; added "Guaranteed" after "Low if," Medium if," and "High if" in the table headings; converted all "NRA" references to "URA" throughout all affected tables in this section.
Chapter VII, Section B.
06/11/2010 Updated the 1973 Act and 1977 Act tables to make their data current;
removed the note at the bottom of the 1973 Act and 1977 Act tables.
Chapter VII, Section C.2.
06/11/2010 Updated table to make its data current; reversed the display order of the table segments so that the most recent data is at the top and the oldest data is at the bottom.
Search 06/04/2010 Introduced enhanced search functionality, which provides the following capabilities:
Searching across all BAPD manuals via Advanced Search page
Highlighting search criteria throughout a results page
Using search suggestions (common phrases, helpful suggestions based on search criteria entered)
Searching within results (running an additional search within a returned search, to further narrow results)
Saving search criteria ("favorities" functionality - with ability to rename, update, and delete saved searches)
Chapter III, Section G.
04/15/2010 Reduced this section to one topic, containing one QPSA link (Policy 5.7-2).
ATM Homepage 03/08/2010 Added a homepage to the manual.
Glossary 03/08/2010 Combined the Operations Manual Glossary and the Actuarial Technical Manual Glossary to standardize and synch both glossaries.
Past Updates 03/08/2010 Renamed this section to "Revisions." There is a Revisions page for each year containing relevant content updates.
Appendices 03/08/2010 Removed section from the manual. The section contained references to Actuarial Case Report content and files that are no longer used.
AT Interim 03/08/2010 Incorporated Interim section topics into other topics of the manual or removed them altogether if outdated.
Chapter III, Section G.
03/08/2010 Reduced this section's topics to one topic, containing two QPSA links.
Chapter III, Section L.
03/08/2010 Removed this "Definitions" topic and definitions that appeared in this topic were added to the Glossary.
Chapter IV Title Page
03/08/2010 Changed "One should disregard the title of this section" to "One should disregard the title of Section D." in the Note (This note had been a footnote, but in changing it to a note, it was necessary to be more specific in identifying the specific "Section" to which is refers.).
Chapter IV, Section A.4.c.
03/08/2010 Created this topic from the old Chapter VIII, Section A.'s section 2.
Changed the "k" to "p" (two instances) in line item 2.a. Added "nearest birthday" after both instances of the word "age" in the last sentence of this topic.
Chapter IV, Section C.1.
03/08/2010 Updated the Phase-In Computation Worksheet. Topics utilizing this worksheet - such as Chapter IV, Section C.3.d. and C.3.e. - were also updated.
Chapter IV, Section C.2.
03/08/2010 Removed "Using the benefit Conversion Worksheet" from the third row of the table.
Chapter IV, Section C.3.
03/08/2010 Added introductory sentence.
Chapter IV, Section C.3.a.
03/08/2010 Changed the first and second periods to commas, in list items 2.a. and 2.b.
Chapter IV, Section C.3.b.
03/08/2010 Changed "NRP" to "NRB" in the first line below list item 1 and adjusted the hyperlink.
Chapter IV, Section C.3.d.
03/08/2010 Replaced the table here with a replica of the one found in Chapter IV, Section C.1.
Chapter IV, Section C.3.e.
03/08/2010 Replaced the table here with a replica of the one found in Chapter IV, Section C.1. Replaced the first line with "Jim Jones, age 40, 10 years of service, spouse age 42."
Chapter IV, Section G.2.l.
03/08/2010 Added "for plans with DOPT before March 18, 2002" to the end of the Note at the beginning of the topic. Replaced or made edits to data in lines 2, 3, 5, 6, 9, 14, 15, 18, 19, 21, 26, 27, 28, 29, 30, 31, 32, and 34 of the "Employee's Benefit" table, as well as to the first formula under both Case 1 and Case 2.
Chapter IV, Section G.2.m.
03/08/2010 Added "for plans with DOPT before March 18, 2002" to the end of the Note at the beginning of the topic. Deleted "(Use when an ERISA J&S benefit is elected)" from below the first Note. Replaced or made edits to data in lines 2, 3, 4, 5, 9, 10, 14, 18, 19, 21, 26, 27, 28, 29, 31, 32, 34, and 35a of the "Employee's Benefit" table, as well as to the first formula under both Case 1 and Case 2.
Chapter IV, Section I.6.
03/08/2010 Changed "Accrual Projections" to "Accrual Protections" in the second graph.
Chapter IV, Section S.
03/08/2010…
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