Client: ValnOptions

PPF Calculations required

Check this box to enable the user to edit the PPF parameters and run all types of PPF valuations. This will also automatically enable the Non PPF Capped parameters and runs. (The box will become ticked and greyed out.)

If this box is unchecked then the Relevance Rules will grey out all of the PPF Parameters that are not used. The user will then be able to decide whether to enable the Non PPF Capped parameters and runs separately.

Non-PPF Capped Calculations required

If PPF Calculations required has been checked then this box will automatically be checked and greyed out. The Non PPF Capped runs parameters will be available to edit in the Basis files and Non PPF Capped valuations will be enabled.

If PPF Calculations required has not been checked then the user will have the option to decide whether or not to enable the Non PPF Capped parameters and runs independently. Check the box to enable these parameters and runs. Leave the box unchecked to disable the Non PPF Parameters that are not used in the Basis Files.

Value Pre 1988 GMPs for Male Spouse Pensioners

Select this field to value the Pre 1988 GMPs for Male Spouse Pensioners.

If the field is un-ticked, the Pre 1988 GMPs for Male Spouse Pensioners will not be valued. The VALN$.log file will capture this.

Use single character Basis Category when Saving Bases

This option will use the first character in the description of the parameter set which should correspond to the category of data used if a basis has previously been migrated from older versions. The Excel output will then show the results by basis category.

Analysis of Surplus Calculations required

Check this box if you require Analysis of Surplus calculations to be carried out for this Scheme.

Entry fields relevant to Analysis of Surplus calculations are enabled or disabled according to this selection.

Separate Cash Commutation and Cash on Top

Tick this field to split the cash between cash commutation, cash on top and other cash (such as Death in Service cash) in the database. This split will be available for Actives and Deferreds. Pensioners are already broken down by Pension 1, Pension 2, etc so the cash split was not applied to this module.

This is only available for Users with Extended Parameters (CC3) and open database.

Include Individual Valuation Factors

Select this field if individual valuation factors are required in the Excel output and the Database.

If this field is left blank, the individual valuation factors will not appear in the Excel output and the Database.

Indicate if Cash Commutation split by Pension Increase is required

If the User wishes to split the cash commutation liabilities by Pension Increases this field should be ticked. The results will be split in the database only. The Excel Output will not show the cash commutation splits by pension increases.

This cash commutation split by pension increases is possible in the Actives and Deferreds modules.

To activate this field, the previous field "Separate Cash Commutation and Cash on Top" needs to be ticked.

Include Year Left Service dimension

If this field is selected and entry is made in the Future Service Control Period field, 2 new columns are created in the AltScenData table; the LiabilityTypeID (to distinguish between Valuation and Discontinuance Cashflows) and Year Left Service (the year the active members have withdrawn from the Scheme).

Use Control Period for Upper Limit of Future Service Breakdown Ranges

Select this field if the User wants to use the valuation run control period as the Upper Limit of Future Service Breakdowns.

Upper Limits of Future Service Breakdown Ranges

Users can define the future service breakdown in this field.

If this field is populated with e.g. 1 2 3 4 5 10 20 30 40 50 60, the Future Service Accrual will be split into 1, 2, 3 ,4 ,5 and then 6 – 10 will be shown under 10 years, 11 -20 be shown under 20 years etc.

If this field is set to 3 60, then the Future Service Accrual will be a total of 1, 2 and 3 shown under 3 and then 4 – 60 will be shown under Future Service Accrual of 60.

Output Separate Cash Flows for Spouse

Tick this box if separate cashflows are required for Spouses

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.