Applying Actuarial Assumptions

Certain pension objects use actuarial assumptions to calculate actuarial factors:

Process Where Actuarial Assumptions are Used	How Actuarial Assumptions are Used
Early and late retirement factors	Determines an early or late retirement factor. Actuarially-derived early and late adjustments are, in turn, incorporated into 415 limits definitions to adjust a limit for early or late commencement.
Optional forms of payment	Converts the normal form of a benefit to optional forms.
Actuarial factor alias	Determines factors for converting from one payment form to another. The factors can be used in several places. One important usage of the actuarial factor alias is within employee-paid benefit definitions, where the system uses the factor to convert the projected employee account balance to an annuity.