ProVal Tip: Use Expressions to Define the Most Complicated COLA Formulas!
Did you know…
COLA Expressions allow ProVal to calculate all of your complex cost-of-living adjustment (COLA) formulas.
In your valuation assumptions, set the Rate type to Advanced, and click the Expression… button.
Your expression can be written as a formula using COLA specific operators. You can reference the prior year benefit amount, the benefit amount at decrement, decrement age, payment age, and more.
Click the F1 key while inside the expression formula for a complete list of operators.
More information, including examples, can be found in ProVal Help using the following link:
