Service Finish Date/Latest Finish Date

The Service Finish Date for each slice is entered here. Select from the drop-down list the data item containing the relevant data item. This will be used as the date when service for this Slice stops accruing unless a Latest Finish Date is also defined.

The user can define the Latest Finish Date that can be used for a particular Slice. Enter this date in the following date format DD/MM/CCYY. SuperVal will then take the earlier of these two dates to determine when service for this Slice stops accruing.

If valuing future service, the Service Finish Date on Slice 1 will always be Leaving Date. The Latest Finish Date could be used to cease accrual at a fixed date in the future. If you have no future service liabilities, please ensure these fields are left blank on Slice 1. The Latest Finish Date will not be used for future service benefits on Slice 1 when CARE benefits are being valued.

If the Slice is being used to value added years or a fixed pension then these field can be left blank.

The Latest Finish Date on the Offset Slice must be specified as this is used to identify the date at which GMPs stopped accruing, for some Cash Commutation or death in deferment options.