Returns the year of plan entry for new entrants during a forecast. For all other participants, returns the valuation year (year beginning on the baseline valuation date).

This operator is useful for forecasting plan amendments that apply only to participants entering the active population after the baseline (or initial) valuation date of the forecast.

Syntax:

#ENTRYYEAR

Example:

If the baseline valuation date is 1/1/2007, to give entrants into the plan before 1/1/2010 a final average pay benefit formula and new entrants in 2010 and later years (entering on 1/1/2010 and later anniversaries of the valuation date) a cash balance formula, you might code:

(#ENTRYYEAR<2010) * FinalAvgBft + [(#ENTRYYEAR>=2010) * (CASHBAL / LSFactor)].

Actives and initial inactives will get the final average benefit, as will new entrants through 1/1/2009. Entrants into the plan on 1/1/2010 and later valuation dates will get the cash balance benefit.