New Entrant Age
Automatic Sex/Category Sub-File Creation
The sub-groups of membership data to be processed can be specified in one of two ways:
If the Automatic Sex/Category Sub-File Creation box is unchecked, the user will be asked to specify a list of data files (which have been previously created) containing the data for each of the sub-groups separately.
If the Automatic Sex/Category Sub-File Creation box is checked, the user will specify a single file (containing the data for all groups) and then select the sex and category combinations that you wish to be processed (sex/category sub-files will be automatically created).
Data File(s)
- Investigation Data File(s)
- Investigation Data File
Double click to select the filename (or filenames, if appropriate) of the member data files to be processed.
Data files may contain inactive members (exits and members who have joined after the valuation date) as well as active members.
The file(s) must be in the format specified in the data format.
If specification of only one file is allowed, a list of the allowable
files specified on the Scheme Details will be presented with a Right
Click. Note that any filenames used on that list will be relative
value, that is, the filename specified is controlled by the label to
the right of the field. If the filename is changed on the Scheme Details
then the filename in the saved parameters will also change.
Data Format
The data format of the data file(s).
The data format are saved parameters specifying the column specification of each of the data items contained in the data file. Data format descriptions are prefixed by an indication of the type of format e.g. <Act> for Actives, <Def> for Deferreds, <Pen> for Pensioners.
If you intend to use the GMP Calculators to calculate GMPs after creating your data, ensure that columns are created in your data file for these fields. (In addition, enter dummy data into the data file for the first member that is at least as large as the largest expected GMP for all members. This will ensure that the Format created leaves sufficient space for the GMPs calculated.)
Data>Build
If you have created data using Data>Build then the format name will be the same as the original source (CSV) file or Excel file/tab name.
BasisModule>Migrate
If you have migrated your data files from earlier versions the name will be unchanged.
Select by Sex
If the Select by Sex box is unchecked, the user will not see the sex listed in the Sex/Category selection below. The list will only show list of categories
If the Select by Category box is checked, the user will the sex listed in the Sex/Category selection below.
Select by Category
If the Select by Category box is unchecked, the user will not see the categories listed in the Sex/Category selection below. The list will only show Males and Females.
If the Select by Category box is checked, the user will see the categories listed in the Sex/Category selection below.
Sex/Category Selections
Unless automatic sex/category sub-file creation is available and not selected, you must select the sex and category combination(s) that you wish to be processed from the list.
The list displays shows a list of the unique sex/category combinations within the data file specified based on the data format selected. . The list displayed can be influenced by the data format selected as follows: - only sex will be displayed if a data format without any column specification for category is selected; and - only category will be displayed if a data format without any column specification for sex is selected.
User may also select a blank category if they do not wish to run that particular category.
Start Date
Enter the Start Date from which the analysis or investigation is performed.
This defaults to the Previous Valuation Date. You can overwrite this if you wish as any analysis or investigation can be carried out for periods other than the inter-valuation period provided there is sufficient data.
Dates can be entered in almost any format and they will be automatically converted to DD/MM/YYYY format.
End Date
Enter the End Date on which the analysis or investigation is performed.
This defaults to the Current Valuation Date. You can overwrite this if you wish as any analysis or investigation can be carried out for periods other than the inter-valuation period provided there is sufficient data.
Dates can be entered in almost any format and they will be automatically converted to DD/MM/YYYY format.
Start Age
The Start Age is the minimum age at which investigation results will be output to the file (or in the review of the investigation, the graphical display).
Note that the results for all ages are calculated (and saved). The Start Age can be adjusted when reviewing the investigation results.
End Age
The End Age is the maximum age at which investigation results will be output to the file (or in the review of the investigation, the graphical display).
It is rounded to the next highest multiple of the Grouping of Data factor from the Start Age.
Note that the results for all ages are calculated (and saved). The End Age can be adjusted when reviewing the investigation results.
Grouping of Results
The Grouping of Data factor determines the size of the age sub-divisions used to summarise investigation results output to the file (or in the review of the investigation, the graphical display).
Note that the results for all ages are calculated (and saved). The Grouping of Data factor can be adjusted when reviewing the investigation results.
Service Indicator
The (service) duration ranges specified are calculated according to the
selection in this field and the Calculation Date. Check the box to
select either based on Date of joining Company or Date of joining
Scheme. The data will be taken from the standard data items,
Save the Results for Sub Groups
The results (for all files or sub-groups combined) of every investigation are always saved (to a saved results file). These results are stored using the description applied to the parameter set when saved.
This option allows you to also save the results for each of the files or sub-groups specified as well. These results are stored using the description of the saved parameter set with a suffix of the sub-group data filename.
Stored results for each of the sub-groups means that:
- males and females can be investigated simultaneously but separate results can be reviewed; and/or
- the appropriateness of the Rate Table found to be the best fit for the whole group can be checked against each of the sub-groups.
It is possible to delete stored investigation results when reviewing the investigation. It is recommended that any results for inappropriate groupings such as heterogeneous groups (eg males and females combined when the decrement should clearly be different) or any small groups (for which comparisons are not reliable) or for any runs containing erroneous data should be deleted to avoid possible error.
Expected Table
The Rate Table Code of the expected table for comparison with the
actual Scheme experience.
The starting point for the comparison table is generally the expected
table that was assumed at the previous investigation.
Related
Selecting rate tables
Rate tables can be selected by any of the following methods:
- Right-click on the field for a list of appropriate Rate Tables. For a field that will accept more than one type of Rate Table (e.g. Miscellaneous Tables), the list will be restricted to the current Table Type specified in the field – if you wish to see all allowable Rate Tables, delete the Table Type from the field before clicking; or
- Double Clicking on the field will produce the Rate Tables form where Rate Tables can be viewed (numerically and graphically) and Rate Tables can be added or edited. A Rate Table can be selected by pressing the Select button or double clicking on the Rate Table description in the tree; or
- the list of allowable Rate Tables can be scrolled through by
pressing the
<or>keys. The description of the Rate Table to the right of the field will change as each new Table is selected.
Age Rating
Any Rate Table can be rated up or down by a number of years as required
to make the rate at every age lighter or heavier than in the
original table.
A value of +10 will result, for example, in the value selected for a
30 year old actually being the rate for a 40 year old and for a value of
-5 would mean that the value at age 25 is selected.
If an age rating of a fraction of a year is required, a new table will have to be created through the Edit rate table option on the Rate Table form.
Run
Click the Run button to run the calculations.
Save As
Click the Save As button to save with a new parameter description.
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.