Guest SPollock Posted October 17, 1999 Posted October 17, 1999 Can someone help me find a UP-1984 Present Value Factor Table at 8 1/2 interest. I have searched the Web but can't find one. Also, what does the UP stand for? Thank you for the help! ------------------
Guest Posted October 19, 1999 Posted October 19, 1999 UP stands for Unisex Pensioners (I believe) If all you want are the % (e.g. age 65 = 95.3789) I can fax those to you.
Guest SPollock Posted October 19, 1999 Posted October 19, 1999 TOM, I would greatly appreciate it if you could fax me the percentages. My fax # is 219-922-2409. Thank you!! ------------------
MWeddell Posted October 25, 1999 Posted October 25, 1999 Piggybacking on the earlier postings, is there a Web site or other reference material that shows all of the common mortality tables?
david rigby Posted October 25, 1999 Posted October 25, 1999 The Society of Actuaries website (soa.org) has a library of tables. Not sure if the UP84 table is there. That table was originally published by the Conference of Consulting Actuaries (ccactuaries.org) in May 1975. [This message has been edited by pax (edited 10-25-1999).] I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Guest ELS Posted November 9, 1999 Posted November 9, 1999 TOM Would you be willing to fax me the percentages as well? My fax number is 248-538-0629. Thanks!!
Guest TMathis Posted November 10, 1999 Posted November 10, 1999 Tom: We would also really appreciate a copy of the portion of the UP-1984 table showing 8 1/2%. Our fax number is (810) 342-7053. Thanks.
imchipbrown Posted November 13, 1999 Posted November 13, 1999 I've got a spreadsheet in Excel that will calculate APRs for IAM 71, GAM 71, IAM 83, UP 84 and GATT (GAM83 50/50). I know, I'm huge.
imchipbrown Posted November 13, 1999 Posted November 13, 1999 By the way, I've started doing Age Weighted Profit-Sharing Plans (welcome to the party). The Annuity Purchase Rate seems totally irrelevant. The formula says to calculate a benefit of 1% of pay at NRA, divide by the APR to find a lump sum, then discount this back to present value. Mathematically, it doesn't matter if you divide by 1, 10 or 100, or if you made it 1, 10 or 100% of pay. Just my two cents.
Guest Posted November 15, 1999 Posted November 15, 1999 generally it is true that the mortality table chosen doesn't make a difference. if all participants have the same retirement age then it is a constant. however, if an ee is past normal retirement, or retirement age is 65/5 then it may make a difference. The mortality table used in cross testing (not age weighted) will make a slight difference if it becomes necessary to group accrual rates
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