Patent ID: 8005741

Claim:
A computerized system for generating and administering a defined benefit pension plan, comprising: a server accessible by one or more client computer systems, the server having: a plan definition component for prompting a user at one of the client computer systems to provide responses to questions to define provisions of the defined benefit pension plan, the responses comprising a valuation date, a first day of a plan year and fiscal year end for contributions, of the defined benefit pension plan, and defining the pension plan based on the responses and storing data indicative of the pension plan as defined based on the responses in a plan data store; a valuation engine for performing calculations in accordance with predetermined calculation objects, the definitions of the calculation objects and sequences for executing calculation objects being defined based on the responses; and a report component for providing reports relating to the defined benefit pension plan and plan participant data, including plan participant payroll data and plan participant age data, accessed from a database, the reports comprising text and results of the calculations performed by the valuation engine using the stored data indicative of the pension plan as defined, the results including liabilities of the plan.