Public Table Maintenance

Pension Administration implementation involves setting up all the processing for accurate pension calculations. The calculation rules may refer to certain public tables, such as the Maximum Taxable Wage Base, Federal Mid-Term Interest Rates, and other tables used to calculate social security, interest rates, and Internal Revenue Code section 415 and 401(a)(17) limits.

Even though calculation rules do not change, the tables referenced by those rules change. Therefore, you must update these tables to ensure that correct values are used in calculations.