Skip to content

Deferreds Basis: TVMortality

Same as Valuation Basis Pre Retirement Mortality

Same as Valuation Basis Member Post Retirement Mortality

Same as Valuation Basis Spouse Post Retirement Mortality

Transfer assumptions can be set to always be the same as the Valuation Basis i.e. either one or more of the following:

  • cash flow parameters (capitalised or spread)
  • interest rates
  • increase rates
  • spouse parameters (proportion married, age difference)
  • member’s pre retirement mortality
  • member’s post retirement mortality
  • spouse / partner’s post retirement mortality

Ignore Death in Deferment in Transfer Calculations

Check this if Death-in-Deferment mortality assumptions are to be ignored in the calculation of Transfer Values.

Male Transfers Pre-Retirement Mortality Rate Parameters

Female Transfers Pre-Retirement Mortality Rate Parameters

Select from the drop-down list the Global Mortality Rate Parameters to use. The Parameter will be referenced by the name given when saving in the Global Mortality Parameters.

Migrated parameters include:

  • the percentage adjustment made to the table
  • the table name or code
  • the age rating that is applied to the table.

If "None" is selected then table D000 is selected automatically, the values are set to 0 at all ages i.e. zero mortality.

Male Transfer Member Pre-Retirement Individual % Rating

Female Transfer Member Pre-Retirement Individual % Rating

If a percentage loading adjustment to the mortality table is required on a member-by-member basis, then select from the drop-down list the data item containing the loading.

The data item selected should contain the percentage above 100%, so if loading of 110% is required then use 10 or if a loading of 90% is required then use -10.

Please note that if the Mortality Rate Parameters above include a percentage adjustment then this will also be applied to the base table in addition to any entry in this field.

Male Transfers Pre-Retirement Mortality Improvement Parameters

Female Transfers Pre-Retirement Mortality Improvement Parameters

Select from the drop-down list the Global Mortality Improvement Rate Parameters to use. The Parameter will be referenced by the name given when saving in the Global Mortality Improvement Parameters.

Migrated parameters include:

  • the percentage adjustment made to the table
  • the table name or code
  • the age rating that is applied to the table.

Male Transfer Member Post-Retirement Mortality Rate Parameters

Female Transfer Member Post-Retirement Mortality Rate Parameters

Male Transfer Member's Spouse/Partner Mortality Rate Parameters

Female Transfer Member's Spouse/Partner Mortality Rate Parameters

Select from the drop-down list the Global Mortality Rate Parameters to use.

The Parameter will be referenced by the name given when saving in the Global Mortality Parameters.

Migrated parameters include:

  • the percentage adjustment made to the table
  • the table name or code
  • the age rating that is applied to the table.

If "None" is selected then table D000 is selected automatically, the values are set to 0 at all ages i.e. zero mortality.

Male Transfer Member Post-Retirement Individual % Rating

Female Transfer Member Post-Retirement Individual % Rating

Male Transfer Member's Spouse/Partner Individual % Rating

Female Transfer Member's Spouse/Partner Individual % Rating

If a percentage loading adjustment to the mortality table is required on a member-by-member basis, then select from the drop-down list the data item containing the loading.

The data item selected should contain the percentage above 100%, so if loading of 110% is required then use 10 or if a loading of 90% is required then use -10.

Please note that if the Mortality Rate Parameters above include a percentage adjustment then this will also be applied to the base table in addition to any entry in this field.

Male Transfer Member Post-Retirement Mortality Improvement Parameters

Female Transfer Member Post-Retirement Mortality Improvement Parameters

Male Transfer Member's Spouse/Partner Mortality Improvement Parameters

Female Transfer Member's Spouse/Partner Mortality Improvement Parameters

Select from the drop-down list the Global Mortality Improvement Rate Parameters to use. The Parameter will be referenced by the name given when saving in the Global Mortality Improvement Parameters.

Migrated parameters include:

  • the percentage adjustment made to the table
  • the table name or code
  • the age rating that is applied to the table.

Add/Edit Mortality Rates

Clicking the Add/Edit Mortality Rates button allows you to edit a Mortality definition previously defined in the Global Parameters.

Either click on defaults to enter a new definition or select one of the existing definitions to amend. You can also delete a Mortality definition by clicking the Delete button.

Add/Edit Mortality Improvement

Clicking the Add/Edit Mortality Improvement button allows you to edit a Mortality Improvement definition previously defined in the Global Parameters.

Either click on defaults to enter a new definition or select one of the existing definitions to amend. You can also delete a Mortality Improvement definition by clicking the Delete button.

SaveAs

Click the Save As button to save with a new file name.

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.