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OHBEN7431 - Define Individual Account Balance Parameters

OHBEN7431 - Define Individual Account Balance Parameters

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In cash balance plans, accumulated retirement benefit resource is called individual account balance. Generally, to calculate the interest amount, you multiply employee's individual account balance of a certain date by the reassessment rate.

In this step, you define the date, on which to retrieve the individual account balance for a calculation group in a cash balance plan.

For each combination of a calculation group and a plan, the standard parameter that represents the individual account balance is VIAB.






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