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Assumptions Review: Category

Membership Group

Membership Groups can be:

  • Active
  • Deferred
  • Pensioner
  • Contributions
  • Expenses

Category Description

Category Description:

  • Scheme if assumption is at scheme level
  • Description of category if assumption is at basis / category level

Sex

Sex: M / F

Separate Spouse Cash Flows

Separate Spouse Cashflows are produced if Output Separate Cash Flows for Spouse box in Scheme details (File>Properties>Valn Options) is ticked.

Yes or No will be output in the Assumptions Summary.

Proportion Married Table

Proportion Married is input in either the:

  • Scheme’s Spouse Parameters set (Bases>Scheme>Demographic Assumptions>Spouse Parameters), if ASM has been purchased, or
  • Demographic tab of the category basis, boxes Male Proportion Married and Female Proportion Married.

Proportion Married Table ID

This is the table ID stored in the database for the Proportion Married table used.

Spouse Definition

Spouse Definition can be:

  • Retirement
  • Death

This is input in either the:

  • Scheme’s Spouse Parameters Set (Bases>Scheme>Demographic Assumptions>Spouse Parameters), if ASM has been purchased, or
  • Demographic tab of the category basis, box Spouse Definition.

Pension Frequency

Pension Frequency has been input in the Main tab and can be:
- Continuous
- Monthly
- Annual
- Semi-annual
- Quarterly
- Lunar Monthly
- Weekly
- Fortnightly

Pension Mode

Pension Mode has been input in the Main tab and can be:
- In Advance
- In Arrear

First Year Increase

The First Year Increase is input in the Main tab (Actives and Deferreds) and can be:

  • Default
  • None
  • Proportional
  • Full

Pension Review Date

In the Financial tab if Timing of Pension Increases has been set to Review Date the Pension Review Date  will be the Increase Date input.

Exact Age

Exact Age: Y/N

Transfers Proportion Married Table

Transfer Value Basis Proportion Married is input in the TV Basis tab of the category basis, boxes Male Proportion Married and Female Proportion Married.

Transfers Proportion Married Table ID

This is the table ID stored in the database for the Transfer Value Basis Proportion Married table used.

Transfers Spouse Definition

# Assumptions_Review+TVSpDef

TV Spouse Definition can be:

  • Retirement
  • Death

This is input in the TV Basis tab of the category basis, box Transfers Spouse Definition.

Grid Help

Right-clicking on a column heading presents a menu with the following options which allow you to expand or reduce the number of columns of data to be entered:

  • Add a new column to the right of the grid;
  • Insert a new column at the position of the cursor; and
  • Delete the current column at the position of the cursor.

Grid Help

Right-clicking on the Top Left Corner of the grid displays a menu which allows you to set the following Grid Editing Options:

  • Editing of a cell can be invoked by either clicking on the cell or by pressing F2 when the cell is active (Clicking will only change the current active cell); and
  • determine the cursor movement once editing is complete to be either to the next cell down, the next cell to the right or to stay in the current cell.

Hide Columns

Assumptions_Review+Hide

Save

Clicking on the Save button allows you to save the entries.

Quit

Clicking on the Quit button allows you to exit without saving any of your changes.

In some of the screens you will be asked to confirm if you want to exit Ignoring all changes. If you click Yes, the file will be closed without saving any changes. If you click No you will be returned to your original screen.

From the Browser, the Quit button will take you to a graphical display of the results.