So I am new to actuary stuff and am working on a little project to get some experience. I am to create a Cash Balance plan and show that it produces similar values to the current Final Average Pay plan(by value I mean annuity benefit or monthly benefit). I have written a program that computes the lump sum value for the cash balance plan, but I can't figure out the correct way to determine the annuity value. I am given a mortality table(type not specified, just two columns with age in one and % chance of dying in the other) and I know length of service to the company. Any insight or help is appreciated thanks:guitar:
Help With conversion from FAP to CB plan
