DBVALTM
DBVALTM, PFPC's defined benefit pension software, processes a wide variety of pension plans with sophisticated provisions and actuarial techniques.
Our long history in the defined benefit arena has given us a solid foothold as a leader in the industry.
We continually enhance our software to meet the needs of our clients and the demands of the regulatory environment.
DBVALTM accomodates pension plans with complex formulas or assumptions, as well as simple plans.
It features a multiple decrement valuation system with a full range of actuarial assumptions and methods.
Training Classes
DBVAL Plan Specifications
- Easy-to-use screen choices, plus write-your-own capability when needed
- Service definitions: vesting, benefit, participation, top-heavy, plus 5 others
- Salary definitions with optional projection and averaging methods; multiple salary histories
- Standard annuity types (including COLA), plus design-your-own
- Normal forms separately for married and single
- Separate actuarial equivalence and lump sum assumptions
- Final pay, career pay, unit accrual, cash balance and floor offset plans
- Contributory plans
Actuarial Assumptions
- Rates for 4+ decrements: retirement, death, disability, withdrawal, service death, service disability etc.
- Select and ultimate withdrawal and retirement
- PBGC termination liabilities
Gain & Loss Analysis
- Individual liabilities released; expected and actual new liabilities
- Data reconciliation
- Summary of changes between valuations
- Breakdown of gain/loss by source
- Automatic analysis of changes due to PIA, wage base, 415 limit and salary limit
- All calculations documented
Actuarial Values & Cost Methods
- PV future salaries, service and benefits
- PV accrued and vested benefits
- Entry age normal cost method
- Traditional unit credit
- Projected unit credit method with direct difference or pro-rata attribution
- Individual aggregate method
Output Options
- 10 plan formulas (combine 10 benefit components)
- 3 super plans (combine 10 plan formulas)
- Expected future service for FAS 87
- Census, payout and liability projections
- Extensive, optional sample life output
User Modifications
- Ability to redefine or add variables (well-documented)
- Less need for write-your-own programming than in other systems
Other Features
- Age/service/salary distribution tables
- Top-heavy listing
- Experience studies
- Open group forecast valuations
- Social Security benefit calculations
- Tables of commutation functions-retirement, conversion factors and level or increasing annuities
- FAS 87/132 accounting report
- Valuation report
- Stochastic projections
back to top
privacy policy |
information request |
site map
© 2001 PFPC Worldwide Inc. All rights reserved.
A member of The PNC Financial Services Group
|